MORTGAGE INTEREST RATE LOCK ADVISORY
February 6, 2015, 8:15 AM PST
LOCK ADVISORY
- 1-6 Day Close: LOCK
- 7-15 Day Close: FLOAT With Caution
- 16-30 Day Close: FLOAT
MORTGAGE MARKET INDICATORS
- Freddie Mac Average:30-Yr FRM, on: 2-5-15: 3.59% - Down 0.07%
- Rate Price Based on 3% MBS - Currently, Up 0.51 Point.
- DJI Stocks - Currently, $17,923.65, Up $38.77\
- Asian & European Stock Market Indexes Up 0.242%
- Crude Oil (WTI) - Currently, $51.45, Up $0.99
- Gold 1 Ounce - Currently, $1,232.39, Down ($29.60)
MARKET NEWS
- Average hourly earnings 0.5% vs est of 0.2%. Negative for pricing.
- Initial Weekly Jobless Claims hit 278K vs est of 290K, a slight negative for pricing
- One in four foreclosures are zombie homes
- Housing Markets Nationwide Show Modest Gains in Q4
- Mortgage Credit Availability Increases in January
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