MORTGAGE INTEREST RATE LOCK ADVISORY
October 2, 2015, 8:00 AM PST
LOCK ADVISORY
- 1-7 Day Close: LOCK Today's Low Rates
- 8-14 Day Close: FLOAT
- 15-30 Day Close: FLOAT
- Recommendations can change throughout the day. Click for current Lock Advice
MORTGAGE MARKET INDICATORS
- Freddie Mac Average:30-Yr FRM, on: 10-1-15: 3.85% - Unchanged
- Rate Price Based on 3.5% MBS - Currently, Down -0.4 Point.
- DJI Stocks - Currently, $16,140.59, Down ($131.42)
- Asian & European Stock Market Indexes Up 0.049%
- Crude Oil (WTI) - Currently, $47.22, Down ($0.47)
- Gold 1 Ounce - Currently, $1,139.50, Up $22.60
MARKET REPORTS & ANALYSIS
- There is some possibility that we could see further rate improvement. It appears that MBS yields may be breaking out of long established trading channel.
- The MBS yield has hovered at the top of a two month trading channel. MBS at this level favor a rate increase.
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