MORTGAGE INTEREST RATE LOCK ADVISORY
April 25, 2016, 7:30 AM PST
FEATURED LOAN
- REVERSE MORTGAGE (HECM)
- Financial Freedom for Qualified Seniors
- Click for Reverse Mortgage Details
LOCK ADVISORY - Click for current Lock Advice
- 1-14 Day Close: LOCK
- 15-30 Day Close: LOCK
- 31-45 Day Close: LOCK
- Recommendations can change throughout the day.
MORTGAGE MARKET INDICATORS - Click for current Market Rates
- Freddie Mac Average:30-Yr FRM, Up 0.01% to 3.59% on 4-21-16.
Rate Price Based on 3% MBS, Down -0.06 Point.
DJI Stocks - Currently, $17,876.81, Down ($126.94) -0.71%
Asian & European Stock Market Indexes Down -0.445%
Crude Oil (WTI) - Currently, $43.81, Up $0.08
Gold 1 Ounce - Currently, $1,243.80, Up $12.80
MARKET REPORTS & ANALYSIS
- Last Week Worst For Rates Since November
Mortgage rates continued higher Friday, solidifying this week as the worst one in quite a while. Not since the first week in November have rates risen so quickly. That said, the volatility might be a bit easier to stomach this time around--especially for those who haven't been able to lock a rate yet. Reason being: the total move amounts to about an eighth of a percent.
NEWS LINKS
- It's Dangerous Out There in the Bond Market
- Fannie economist: mortgage rates could end year near historic lows,
- Mortgage delinquency rate proves housing market is healing
- Home prices see highest increase since 2007
- Are Stated Income Loans Re-entering the Market?
- Obtaining a mortgage gets a little easier
- California just announced a big boost for first-time buyers
- What's the fastest way to improve your credit score?
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THE BLONDE AND THE LORD
A blonde wanted to go ice fishing. She'd seen many books on the subject, and finally getting all the necessary tools together, she made for the ice.
After positioning her comfy footstool, she started to make a circular cut in the ice. Suddenly, from the sky, a voice boomed, "THERE ARE NO FISH UNDER THE ICE!"
Startled, the blonde moved further down the ice, poured a thermos of cappuccino, and began to cut yet another hole. Again from the heavens the voice bellowed, "THERE ARE NO FISH UNDER THE ICE!"
The blonde, now worried, moved away, clear down to the opposite end of the ice. She set up her stool once more and tried again to cut her hole.
The voice came once more, "THERE ARE NO FISH UNDER THE ICE!"
She stopped, looked skyward! and said, "IS THAT YOU LORD?"
The voice replied, "NO, THIS IS THE MANAGER OF THE HOCKEY RINK!"
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"Life is what happens when you're busy making other plans." ~ John Lennon
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