MORTGAGE RATE LOCK ADVISORY 11/16/16

By
Mortgage and Lending with LoanOfficerSchool.com NMLS 291249
MORTGAGE INTEREST RATE LOCK ADVISORY
November 16, 2016, 8:00 AM PT 

  • 1-15 Day Close:   Caution
  • 16-30 Day Close: Caution
  • 31-45 Day Close: Caution
  • Recommendations can change throughout the day.  
  • Click for current Lock Advice 
_____________________________________________________________________________
 
Reverse Mortgages Provide Senior Financial Security.
MARKET INDICATORS
  • Average 30-Yr FRM, up 0.03 points to 3.57% on 11-10-16
  • Rate Price Based on 3% MBS, Up 0.06 Point. 
  • DJI Stocks - Currently, $18,873.58, Down ($49.48) -0.26%
  • Asian & European Stock Market Indexes Up 0.182%
  • Crude Oil (WTI) - Currently, $46.16, Up $0.35
  • Gold 1 Ounce - Currently, $1,227.60, Up $0.40
MARKET REPORTS & ANALYSIS     
  • Rate Lock Advisory. Rate prices are presently almost unchanged this morning after being down 0.35 Tuesday. Possibly this is the beginning of the long awaited snap back improvement. However the market is still uncertain so if you remain unlocked be very cautious.
  • Today's Market Data: we enjoyed much tamer inflationary data today than expected and that is generally favorable for pricing. 
  • Yesterday's Mortgage Market: prices for rates based on Mortgage Backed Securities (MBS) closed down 0.35 point.. First down day in six days. 
  • 30-year fixed-rate mortgage (FRM) averaged 3.54 percent with an average 0.5 point for the week ending November 3, 2016, up from last week when it averaged 3.47 percent. A year ago at this time, the 30-year FRM averaged 3.87 percent.  Information is updated Thursday at 7:00 AM PT.
 
I changed my password everywhere to 'incorrect.' 
That way when I forget it, it always reminds me, 'Your password is incorrect.'  Anonymous
____________________________________________________________________
 
Cyber criminals are hacking email accounts and sending emails with fake wiring instructions. These emails are convincing and sophisticated. Always independently confirm wiring instructions in person or via a telephone call to a trusted and verified phone number. Never wire money without double-checking that the wiring instructions are correct.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance
Groups:
Mortgages
RE/MAX Active Rain Bloggers
Realty Executives
Century 21 Active Rainers
Mortgage Brokers
Tags:
mortgage rate lock advisory
nmls continuing education

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
813,627

Bill Ladewig

Experience Is Your Advantage
Need Fast Answers?
*
*
*
*
Spam prevention

Additional Information