MORTGAGE INTEREST RATE LOCK ADVISORY
January 5, 2016, 8:30 AM PST
FEATURED LOAN
- FHA 203K Renovation Mortgage
-
203K Description
LOCK ADVISORY - Click for current Lock Advice
- 1-14 Day Close: LOCK
- 15-30 Day Close: FLOAT With Caution
- 31-45 Day Close: FLOAT With Caution
- Recommendations can change throughout the day.
MORTGAGE MARKET INDICATORS - Click for current Markets
- Freddie Mac Average:30-Yr FRM, Up 0.05 point on: 12-31-15 to: 4.01%
- Rate Price Based on 3.5% MBS - Currently, Down -0.08 Point.
- DJI Stocks - Currently, $17,086.37, Down ($62.57)
- Asian & European Stock Market Indexes Down -0.149%
- Crude Oil (WTI) - Currently, $36.48, Down ($0.74)
- Gold 1 Ounce - Currently, $1,081.00, Up $2.60
MARKET REPORTS & ANALYSIS
- Lock short term closings after four day rate improvement.
- December ISM Manufacturing hit 48.2 versus estimate of 49.0
- November Construction Spending was -0.4% vs est of 0.5%
- Both readings are much worse than expected with ISM having the most weight.
- This negative economic readings are postive for rates as we improve to test our 50 day moving average.
NEWS LINKS
- Tuesday AM Brief
- Mortgage Rates Top 4.00%
- IRS is rejecting some 3rd party 4506T requests due to potential ID Theft issues
- What The Big Short movie Gets Right, and Wrong, About the Housing Bubble
- Fannie Mae: Expect 3 more Fed rate hikes in 2016
- Here's what the housing & mortgage industry will look like in 2016
- A Revolving Door Helps Big Banks Quiet Campaign to Muscle Out Fannie and Freddie
- 2016 Maximum Fannie and Freddie Conforming Loan Limits
Comments(0)