MORTGAGE INTEREST RATE LOCK ADVISORY
August 11, 2015, 8:00 AM PST
LOCK ADVISORY
- 1-7 Day Close: FLOAT WITH CAUTION
- 8-14 Day Close: LOCK
- 15-30 Day Close: LOCK
MORTGAGE MARKET INDICATORS
- Freddie Mac Average:30-Yr FRM, on: 8-6-15: 3.91% - Down 0.07 point
- Rate Price Based on 3% MBS - Currently, Down -0.40 Point.
- DJI Stocks - Currently, $17,449.44, Down ($165.73)
- Asian & European Stock Market Indexes Down -0.682%
- Crude Oil (WTI) - Currently, $43.70, Down ($1.26)
- Gold 1 Ounce - Currently, $1,108.00, Up $3.75
MARKET REPORTS & ANALYSIS
- Not a good time to float. Most short term rate indicators point sideways or up. The uncertain global markets are creating dangerous market volatility.
- Friday Non-Farm Payrolls, Unemployment Rate, Average Hourly Wages reports were very close to market expectations and did not help rates.
NEWS LINKS
- Tuesday AM Brief
- Google reorganizes under new company
- 9 Markets With the Highest Share of Equity
- Housing Recovery Questionable Due to Contradicting Data
- More Homeowners Can Now Play HARP Refinance Program
- More States Break Previous Home Price Peaks
- The 10 'Easiest' Places to Buy a Home
- Will Exotic Mortgages Make A Comeback?
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