Monday AM Rate Lock Advisory

• 1-7 Day Close: LOCK
• 8-14 Day Close: LOCK
• 15-30 Day Close: LOCK

MORTGAGE MARKET INDICATORS

• Freddie Mac Average:30-Yr FRM, on: 7-23-15: 4.04% - Down 0.05 point
• Rate Price Based on 3% MBS - Currently, Down -0.07 Point.
• DJI Stocks - Currently, $17,467.48, Down ($101.05)
• Asian & European Stock Market Indexes Down -1.745%
• Crude Oil (WTI) - Currently, $47.48, Down ($0.66)
• Gold 1 Ounce - Currently, $1,095.86, Up $9.96 

MARKET REPORTS & ANALYSIS     

• Chinese stock market crash is helping rates this morning although MBS bonds are severely overbought and rates will most likely increase in the next day or so.
• June Durable Goods Orders and Ex Transport reports are better than expected and are generally negative for pricing however, the Chinese stock market crash is difficult to over shadow.
• Based on current economics the safest strategy is to lock whenever the market improves.
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