MORTGAGE INTEREST RATE LOCK ADVISORY
August 19, 2015, 8:30 AM PST
LOCK ADVISORY
- 1-7 Day Close: FLOAT WITH CAUTION
- 8-14 Day Close: NEUTRAL
- 15-30 Day Close: NEUTRAL
MORTGAGE MARKET INDICATORS
- Freddie Mac Average:30-Yr FRM, on: 8-13-15: 3.94% - Up 0.03 point
- Rate Price Based on 3% MBS - Currently, Down -0.08 Point.
- DJI Stocks - Currently, $17,314.52, Down ($196.82)
- Asian & European Stock Market Indexes Down -1.254%
- Crude Oil (WTI) - Currently, $42.54, Down ($0.08)
- Gold 1 Ounce - Currently, $1,120.79, Up $3.69
MARKET REPORTS & ANALYSIS
- The market has been drifting sideways for the past few days and momentarily technical indicators are neutral although the improving economy will eventually push rates higher.
- July Housing Starts were 1.206M as expected. Building Permits were a bit of a disappointment but the SFR portion of that number was up 12%, so the drop was in multifamily.
- August NAHB Home Builders Sentiment rose to 61 which matched market expectations. Not a major market mover but it is a robust reading considering anything above 50 is positive.
NEWS LINKS
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