MORTGAGE INTEREST RATE LOCK ADVISORY
March 20, 2015, 8:00 AM PST
LOCK ADVISORY
- 1-6 Day Close: FLOAT With Caution
- 7-15 Day Close: FLOAT With Caution
- 16-30 Day Close: FLOAT With Caution
MORTGAGE MARKET INDICATORS
- Freddie Mac Average:30-Yr FRM, on: 3-19-15: 3.78% - Down 0.08 Point
- Rate Price Based on 3% MBS - Currently, Down -0.14 Point.
- DJI Stocks - Currently, $18,139.63, Up $180.60
- Asian & European Stock Market Indexes Up 0.955%
- Crude Oil (WTI) - Currently, $45.45, Up $1.54
- Gold 1 Ounce - Currently, $1,178.00, Up $8.90
ANALYSIS
- There is no market moving financial news expected today.
- Wednesday's FOMC news moved MBS price above the resistance level it had been bouncing against for past seven trading days. Positve news for rates.
- No Change in interest rate. FOMC says rate hike in April is unlikely and a decision when a rate hike will occur has not been made (offically)
- FOMC References "moderate" growth which appears to be a slight downgrade from "solid" growth"
NEWS LINKS
- Fannie & Freddie to Streamline Modifications for Homeowners at Risk of Default
- Housing groups: Fannie G-fees aren't for unrelated federal spending
- Renters Getting the Squeeze Could Help Home Sales
- Senators Rally Against Using Fannie, Freddie to Offset Federal Spending
- Home Improvement Spending Is Booming
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