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Friday AM Mortgage Market Report 4-24-15

By
Mortgage and Lending with LoanOfficerSchool.com NMLS 291249

MORTGAGE INTEREST RATE LOCK ADVISORY

April 24, 2015, 7:30 AM PST 
 
LOCK ADVISORY
  • 1-7 Day Close:  FLOAT With Caution
  • 8-14 Day Close: FLOAT With Caution
  • 15-30 Day Close: FLOAT With Caution

MORTGAGE MARKET INDICATORS

  • Freddie Mac Average:30-Yr FRM, on: 4-23-15: 3.65% - Down 0.02 Point
    Rate Price Based on 3% MBS - Currently, Down -0.22 Point.
    DJI Stocks - Currently, $18,063.91, Up $5.22
    Asian & European Stock Market Indexes Down -0.032%
    Crude Oil (WTI) - Currently, $56.77, Down ($0.95)
    Gold 1 Ounce - Currently, $1,187.02, Down ($3.02) 

ANALYSIS     

  • Friday 4-24: Weak Durable Goods report and Greece circling the drain will improve rates today.
  • Thursday 4-23: Weekly Claims are higher than expected but this is 7th week under 300K and thats all that matters. Not a major market mover.
  • Thursday 4-23: March New Home Sales disappoint 481K vs est of 523K. This is not a huge MBS market mover but should insure that we will stay above our intra-day support level of 102.12
  • Wednesday 4-22: The better than expected Existing Home Sales reading is more good news for housing. Not a major market mover but is a slight negative for MBS pricing.
     

 NEWS LINKS

Comments (2)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It's nice to see California getting all this traffic with all that going through economy in the water shortage. Good luck!

Apr 25, 2015 04:04 PM
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

Great Job on the market report.  Keep up the good work!

May 04, 2015 03:24 PM