Wednesday AM Lock Advisory 06-17-15

• 1-7 Day Close: LOCK on Improved Rates
• 8-14 Day Close: LOCK
• 15-30 Day Close: LOCK

MORTGAGE MARKET INDICATORS

• Freddie Mac Average:30-Yr FRM, on: 6-11-15: 4.04% - Up 0.17 point
• Rate Price Based on 3% MBS - Currently, Up 0.33 Point.
• DJI Stocks - Currently, $17,936.07, Up $31.59
• Asian & European Stock Market Indexes Down -0.162%
• Crude Oil (WTI) - Currently, $60.96, Up $0.99
• Gold 1 Ounce - Currently, $1,179.21, Down ($1.29)

MARKET REPORTS & ANALYSIS     

• Market is waiting for results of Fed Meeting this afternoon.
• May Industrial Production was worse than expected. This coupled with the earlier weaker than expected Empire Mfg Index is supportive of your pricing but not enough to change direction.
• Rates ended up again Monday and overall direction of the rate market appears to be heading higher since June 1.
• Friday morning rates were down slightly then started to rise midmorning, ending the day up. Readers recieved a rate warning at 10:45 AM.