MORTGAGE INTEREST RATE LOCK ADVISORY
September 11, 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: 9-10-15: 3.90% - Up 0.01 point
- Rate Price Based on 3.5% MBS - Currently, Up 0.07 Point.
- DJI Stocks - Currently, $16,271.47, Down ($58.93)
- Asian & European Stock Market Indexes Down -0.324%
- Crude Oil (WTI) - Currently, $44.84, Down ($1.08)
- Gold 1 Ounce - Currently, $1,106.61, Down ($2.69)
MARKET REPORTS & ANALYSIS
- Today's Core PPI YOY shows inflation at a little hotter pace than expected and is slightly negative for MBS pricing.
- The chance for rates to increase outweighs the chance of improvement so the safe bet is to lock as soon as possible.
- In the face of continued stock market volatility and major economic data, mortgage rates showed surprisingly little movement.
NEWS LINKS
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