MORTGAGE INTEREST RATE LOCK ADVISORY
January 17, 2017, 7:45 AM PT
- 1-15 Day Close: LOCK on Today's Price Improvement.
- 16-30 Day Close: FLOAT With Caution
- 31-45 Day Close: FLOAT With Caution
- Recommendations can change throughout the day.
- Click for current Lock Advice
MARKET INDICATORS
- Average 30-Yr FRM, Down 0.09 points to 4.12% on 1-12-17
- Rate Price Based on 3.5% MBS, Down -0.18 Point.
- DJI Stocks - Currently, $19,861.67, Down ($24.06) -0.12%
- Asian & European Stock Market Indexes Down -0.113%
- Crude Oil (WTI) - Currently, $52.67, Up $0.30
- Gold 1 Ounce - Currently, $1,215.90, Up $17.20
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. While the overall rate direction remains up it appears we are at the bottom a intermediate move in the upward trading channel. Lock on price improvements.
- Tuesday Rate Market. There is little financial news scheduled today that is expected to move the market one way or the other.
- Monday's Mortgage Rate Results: The bond markets were closed Monday in honor of Martin Luther King Day.
- 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.5 point for the week ending January 12, 2017, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 3.92 percent.
- Tuesday News Brief
- The Week Ahead: Waiting for Housing Starts to Pick Up
- Mortgage Applications Start 2017 on the Rise
- FHA Cuts Mortgage Insurance Premiums By 0.25%
- Predicting the Path of Mortgage Rates in 2017
- Does Homebuyer Education Lead to Housing Stability?
- 2016 Best Year in a Decade for Housing; 2017 is a Wild Card
- Fannie Mae's Day 1 Certainty verifies Income and Assets in Desktop Underwriter (DU)
- Financial planners warming to reverse mortgages
____________________________________________________________________
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.
Comments(2)