Home > Blogs > Bill Ladewig > Bill Ladewig's Blog

MORTGAGE INTEREST RATE LOCK ADVISORY 12/29/16

By Bill Ladewig

Mortgage and Lending with LoanOfficerSchool.com NMLS 291249

December 29, 2016 07:49 AM

MORTGAGE INTEREST RATE LOCK ADVISORY

December 29, 2016, 8:00 AM PT

1-15 Day Close: LOCK
16-30 Day Close: LOCK
31-45 Day Close: LOCK
Recommendations can change throughout the day.
Click for current Lock Advice

_________________________________________________________________________________________

MARKET INDICATORS

Average 30-Yr FRM, up 0.14 points to 4.30% on 12-22-16
Rate Price Based on 3.5% MBS, Down -0.24 Point.
DJI Stocks - Currently, $19,842.27, Up $8.59 0.04%
Asian & European Stock Market Indexes Up 0.065%
Crude Oil (WTI) - Currently, $53.92, Down ($0.14)
Gold 1 Ounce - Currently, $1,148.60, Up $6.00

________________________________________________________________________________________

MARKET REPORTS & ANALYSIS

Rate Lock Advisory. Advice remains the same since November 8th. Continue to lock on price improvements. News and technical indicators provide no sign of rates changing direction. In this uncertain market. Float rates at your own risk.
Thursday's Market: There is not any anticipated news expected to move the MBS market one way or the other today.
Wednesday's Mortgage Rate Results: Prices are moving sideways this holiday week. Mortgage rates based on Mortgage Backed Securities (MBS) closed Down 0.35 point.
30-year fixed-rate mortgage (FRM) averaged 4.32 percent with an average 0.5 point for the week ending December 29 2016, up from last week when it averaged 4.30 percent. A year ago at this time, the 30-year FRM averaged 4.01 percent.

_________________________________________________________________________________________

___________________________________________________________________________________________

I am an optimist. It does not seem too much use being anything else. ~ Winston Churchill

____________________________________________________________________

IMPORTANT NOTICE

Never trust wiring instructions sent via email.

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.