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
- Luxury Home Hotspots
- U.S. sues Quicken Loans for FHA loan violations
- Delinquency Rate Drops Below 5% For First Time Since 2007
- FHFA: Home Prices Nearing Pinnacle Reached in 2007
- Bombshell: Treasury now claims Fannie, Freddie bailout wasn't loans
- Balance needed between regulation and opportunity...
- New FICO program reveals credit score to risky borrowers
- CFPB and FTC fine Green Tree $63 million for mistreating borrowers
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