MORTGAGE INTEREST RATE LOCK ADVISORY
February 9, 2017, 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, Down 0.02 at 4.17% on 2-9-17
- Rate Price Based on 3.5% MBS, Up 0.28 Point.
- DJI Stocks - Currently, $20,156.16, Up $101.82 0.51%
- Asian & European Stock Market Indexes Up 0.484%
- Crude Oil (WTI) - Currently, $52.93, Up $0.59
- Gold 1 Ounce - Currently, $1,236.10, Down ($4.20)
MARKET REPORTS
- Rate Lock Advisory. Presently the Rate market seems to have reached a temporary bottom.
- Thursday Market: There is no news scheduled today or tomorrow that is expected to move rates one way or the other.
- Wednesday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed down 0.33 point.
- 30-year fixed-rate mortgage (FRM) averaged 4.19 percent with an average 0.5 point for the week ending Feb. 2, 2017, unchanged from last week. A year ago at this time, the 30-year FRM averaged 3.72 percent.
- Thursday News Brief
- Mortgage Rates Doing Very Well This Week
- Mortgage Law Expert: CFPB Hangs in the Balance.
- Democratic lawmakers join battle between CFPB and PHH
- Low Inventory Drives the Hottest U.S. Markets
- Debating the Merits of GOP's Dodd-Frank Alternative
- Mortgage Applications Start 2017 on the Rise
- Financial planners warming to reverse mortgages
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