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MORTGAGE INTEREST RATE LOCK ADVISORY 9/18/15

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Mortgage and Lending with LoanOfficerSchool.com NMLS 291249
MORTGAGE INTEREST RATE LOCK ADVISORY
September 18, 2015, 8:00 AM PST 
 
LOCK ADVISORY
MORTGAGE MARKET INDICATORS
  • Freddie Mac Average:30-Yr FRM, on: 9-17-15: 3.91% - Up 0.01 point
  • Rate Price Based on 3.5% MBS - Currently, Down -0.08 Point.
  • DJI Stocks - Currently, $16,495.32, Down ($179.42)
  • Asian & European Stock Market Indexes Down -0.805%
  • Crude Oil (WTI) - Currently, $48.35, Down ($0.73)
  • Gold 1 Ounce - Currently, $1,140.20, Up $20.00
     
MARKET REPORTS & ANALYSIS     
  • The Federal Reserve decided on Thursday to keep the federal funds target rate at zero to 1/4 percent, where it has been for nine years, at the September meeting of the Federal Open Market Committee.
  • Rates retraced all their increases for the previous week. Be careful today for a snapback after yesterday's 0.67 point decline. 
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