MORTGAGE INTEREST RATE LOCK ADVISORY
September 16, 2015, 8:00 AM PST
LOCK ADVISORY
- 1-7 Day Close: LOCK
- 8-14 Day Close: LOCK
- 15-30 Day Close: LOCK
- Recommendations can change throughout the day. Click for current Lock Advice
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, Down -0.06 Point.
- DJI Stocks - Currently, $16,612.51, Up $12.66
- Asian & European Stock Market Indexes Up 1.177%
- Crude Oil (WTI) - Currently, $49.10, Up $1.35
- Gold 1 Ounce - Currently, $1,122.70, Up $16.60
MARKET REPORTS & ANALYSIS
- The MBS market made a significant move on Tuesday causing rate prices to climb 0.55 point and could indicate a rate correction.
- The chance for rates to increase outweighs the chance of improvement so the safe bet is to lock as soon as possible.
NEWS LINKS
- Wednesday AM Brief
- Mortgage Rates Abruptly Higher as Fed Anxiety Builds
- Unsustainable Home Prices in 14 Metro Areas - Core Logic
- Investors Gravitating Toward Single-Family Rental Market
- Distressed Sales Continues Steady Decline, Falls to 9.4%
- MBA launches Know Before You Owe for homebuyers and mortgage lenders
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