MORTGAGE INTEREST RATE LOCK ADVISORY
July 1 2015, 7:45 AM PST
LOCK ADVISORY
- 1-7 Day Close: LOCK
- 8-14 Day Close: LOCK
- 15-30 Day Close: LOCK
MORTGAGE MARKET INDICATORS
- Freddie Mac Average:30-Yr FRM, on: 6-25-15: 4.02% - Up 0.02 point
- Rate Price Based on 3% MBS - Currently, Up 0.32 Point.
- DJI Stocks - Currently, $17,731.65, Up $112.14
- Asian & European Stock Market Indexes Up 0.649%
- Crude Oil (WTI) - Currently, $58.26, Down ($1.21)
- Gold 1 Ounce - Currently, $1,168.00, Down ($4.00)
MARKET REPORTS & ANALYSIS
- June ISM Manufuacturing and May Construction Spending readings are strong and negative for pricing.
- At 5:20 AM Pacific MBS price were already 0.33 point higher due to letter from Greece showing that they are willing to make some conessions
- The government closure of Greek banks is creating market volatility and it will continue until there is resolution.
- Tuesday: Improved June Consumer Confidence is a block buster reading and under normal circumstances is negative for rate pricing.
NEWS LINKS
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