MORTGAGE INTEREST RATE LOCK ADVISORY
January 27, 2016, 7:45 AM PST
FEATURED LOAN
- FHA 203K Renovation Mortgage
- Renovate Purchases and Refinances
- All You Need To Know About 203K
LOCK ADVISORY - Click for current Lock Advice
- 1-14 Day Close: FLOAT
- 15-30 Day Close: FLOAT
- 31-45 Day Close: FLOAT
- Recommendations can change throughout the day.
MORTGAGE MARKET INDICATORS - Click for current Markets
- Freddie Mac Average:30-Yr FRM, Down 0.12 point on: 1-21-16 to: 3.81%
- Rate Price Based on 3.5% MBS, Up 0.09 Point.
- DJI Stocks - Currently, $16,064.71, Down ($102.52)
- Asian & European Stock Market Indexes Up 0.249%
- Crude Oil (WTI) - Currently, $31.55, Down ($0.25)
- Gold 1 Ounce - Currently, $1,118.10, Down ($4.50)
MARKET REPORTS & ANALYSIS
- January Consumer Confidence 98.1 versus estimate of 96.5. The Consumer Confidence is a very strong reading and under "normal" circumstances would cause mortgage rate prices to worsen. Currently, oil pricing and a pause before the Fed meeting is providing good price support.
- This morning stock indexes were lower earlyCrude oil was lower but no improvement in interest rates. The 10 yr note still has resistance at 2.00%, closing yesterday at 2.01% after trading down to 1.98% at one point yesterday. At 9:00 this morning the 10 at 2.03% +2 bps frm yesterday; 30 yr FNMA 3.5 coupon -5 bps frm yesterday's close. In earlier trading crude oil was down $1.00 after increasing $1.00 yesterday. So far today the link between crude, stocks and bonds has broken with the FOMC policy statement this afternoon.
NEWS LINKS
- Wednesday AM Brief
- 319 Square-Foot Revolutionary Tiny Home Sleeps Eight.
- Are FICO scores becoming a thing of the past?
- Its a great tome to buy a home.
- Utah real estate company charged with operating $28 million Ponzi scheme
- Average US rate on 30 year mortgage falls to 3.81 per cent
- Rising Home Equity, Outstanding Mortgage Debt Indicate a Healthy Housing Market
- HomeReady Mortgage Could Make Many New Homeowners in 2016
- A Revolving Door Helps Big Banks Muscle Out Fannie and Freddie
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