MORTGAGE INTEREST RATE LOCK ADVISORY 11/28/16

By
Mortgage and Lending with LoanOfficerSchool.com NMLS 291249
MORTGAGE INTEREST RATE LOCK ADVISORY
November 28, 2016, 7:50 AM PT 

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Reverse Mortgages Provide Senior Financial Security.
MARKET INDICATORS
  • Average 30-Yr FRM, up 0.09 points to 4.03% on 11-23-16
  • Rate Price Based on 3.5% MBS, Down -0.18 Point.
  • DJI Stocks - Currently, $19,086.60, Down ($65.54) -0.34%
  • Asian & European Stock Market Indexes Up 0.006%
  • Crude Oil (WTI) - Currently, $46.91, Up $0.85
  • Gold 1 Ounce - Currently, $1,192.10, Up $10.80

MARKET REPORTS & ANALYSIS    
  • Rate Lock Advisory. Lock on up ticks. Rates show no sign of improving. 
  • Monday's Market Data: there is no economic news scheduled today that could impact rates.
  • Friday's Mortgage Market: prices for rates based on Mortgage Backed Securities (MBS) closed up 0.13 point.
  • 30-year fixed-rate mortgage (FRM) averaged 4.03 percent with an average 0.5 point for the week ending November 23, 2016, up from last week when it averaged 3.94 percent. A year ago at this time, the 30-year FRM averaged 3.95 percent.
 
It's alright if you don't agree with me... I can't force you to be right. ~ Anonymous 
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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.

 

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