MORTGAGE INTEREST RATE LOCK ADVISORY
June 28, 2016, 7:55 AM PST
FEATURED LOANS
- REVERSE MORTGAGE (HECM)
- Financial Freedom for Qualified Seniors
- Click for Reverse Mortgage Details
LOCK ADVISORY - Click for current Lock Advice
- 1-14 Day Close: FLOAT With Caution
- 15-30 Day Close: FLOAT
- 31-45 Day Close: FLOAT
- Recommendations can change throughout the day.
MORTGAGE MARKET INDICATORS -
- Weekly Average 30-Yr FRM, Up 0.02% to 3.56% on 6-23-16.
Rate Price Based on 3% MBS, Down -0.04 Point.
DJI Stocks - Currently, $17,311.45, Up $171.21 0.99%
Asian & European Stock Market Indexes Up 1.135%
Crude Oil (WTI) - Currently, $48.85, Down ($0.52)
Gold 1 Ounce - Currently, $1,315.20, Down ($9.20)
MARKET REPORTS & ANALYSIS
- Unless you're a gambler, in this volatile market, LOCK your rates on large down moves
- MBS prices blasted through a six month price barrier yesterdat on the EU news, signaling a possible trend to lower rates.
- MBS = Mortgage Backed Securities and MBS moves opposite mortgage rates. So, MBS moving up is a very good sign.
NEWS LINKS
- Brexit vote results revealed moments ago
- Yellen: Low Rates Will Be With Us
- Updated Desktop Underwriter (DU) coming soon after unexpected delay,
- The 50 'Safest Cities' in California
- Reverse mortgages may be the hot new retirement planning too
- Renovation loans allow more people to buy homes
Deep in the back woods of Tennessee, a farmer's wife went into labor in the middle of the night and the doctor was called out to assist in the delivery. Since there was no electricity, the doctor handed the father-to-be a lantern and said, "Here. You hold this high so I can see what I am doing." Soon, a baby boy was brought into the world.
"Whoa there," said the doctor, "don't be in such a rush to put that lantern down. I think there's another one coming." Sure enough, within minutes he had delivered a baby girl.
"Hold that lantern up, don't set it down there's another one!" said the doctor. Within a few minutes he had delivered a third baby.
"No, don't be in a hurry to put down that lantern, it seems there's yet another one coming!" cried the doctor.
The farmer scratched his head in bewilderment, and asked the doctor, "You think it might be the light that's attracting them?"
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