MORTGAGE INTEREST RATE LOCK ADVISORY 1/11/17

By
Mortgage and Lending NMLS 291249
MORTGAGE INTEREST RATE LOCK ADVISORY
January 11, 2017, 7:45 AM PT 
  • 1-15 Day Close:   FLOAT With Caution
  • 16-30 Day Close: FLOAT With Caution
  • 31-45 Day Close: LOCK
  • Recommendations can change throughout the day.  
  • Click for current Lock Advice 
MARKET INDICATORS
  • Average 30-Yr FRM, Down 0.10 points to 4.20% on 1-5-17
  • Rate Price Based on 3.5% MBS, Down -0.02 Point.
  • DJI Stocks - Currently, $19,959.23, Up $103.70 0.52%
  • Asian & European Stock Market Indexes Down -0.038%
  • Crude Oil (WTI) - Currently, $50.88, Up $0.06
  • Gold 1 Ounce - Currently, $1,179.90, Down ($7.90)
MARKET REPORTS & ANALYSIS    
  • Rate Lock Advisory. My advice is to Float today but 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.
  • Wednesday Rate Market. There is no financial news scheduled Wednesday that is expected to move mortgage rates. Should see it move sideways.
  • Tuesday's Mortgage Rate Results: Mortgage rates based on Mortgage Backed Securities (MBS) closed down 0.07 point.
  • 30-year fixed-rate mortgage (FRM) averaged 4.20 percent with an average 0.5 point for the week ending January 5, 2017, down from last week when it averaged 4.32 percent. A year ago at this time, the 30-year FRM averaged 3.97 percent.
 
 
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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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