MORTGAGE INTEREST RATE LOCK ADVISORY
January 6, 2016, 7:45 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: LOCK
- 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 -0.15 Point.
- DJI Stocks - Currently, $16,939.04, Down ($219.62)
- Asian & European Stock Market Indexes Down -0.621%
- Crude Oil (WTI) - Currently, $35.36, Down ($1.06)
- Gold 1 Ounce - Currently, $1,090.70, Up $9.10
MARKET REPORTS & ANALYSIS
- Lock short term closings after four day rate improvement.
- December ADP Private Payrolls hit 257K versus estimate of 192K. This is generally negative for mortgage rates. Prior to this report Mortgage Backed Securities (MBS) were making some nice gains and this may stem those gains.
NEWS LINKS
- Wednesday AM Brief
- HomeReady Mortgage Could Make Many New Homeowners in 2016
- This Minority Group Is Creating a Buying Boom
- 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)