MORTGAGE INTEREST RATE LOCK ADVISORY
July 17 2015, 8:00 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: 7-16-15: 4.09% - Up 0.05 point
- Rate Price Based on 3% MBS - Currently, Down -0.1 Point.
- DJI Stocks - Currently, $18,045.22, Down ($75.03)
- Asian & European Stock Market Indexes Up 0.046%
- Crude Oil (WTI) - Currently, $50.28, Down ($0.63)
- Gold 1 Ounce - Currently, $1,131.00, Down ($12.00)
MARKET REPORTS & ANALYSIS
- This morning's reports showed Inflation was right on the mark and Housing was a litte hotter than expected, but not by enough to move rates.
- Thursday: Initial Weekly Jobless Claims were lower than expected 281K versus estimated 285K which is negative for rates.
- Wednesday readers were alerted that rates would lower midmorning at 9:45 AM.
- June Industrial Production and Capacity Utilization were little better than expected and generally a tad negative for pricing.
NEWS LINKS
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