MORTGAGE INTEREST RATE LOCK ADVISORY
October 13, 2015, 8:00 AM PST
LOCK ADVISORY - Click for current Lock Advice
- 1-14 Day Close: FLOAT With Caution
- 15-30 Day Close: FLOAT With Caution
- 31-45 Day Close: FLOAT With Caution
- Recommendations can change throughout the day.
MORTGAGE MARKET INDICATORS - Click for current Markets
- Freddie Mac Average:30-Yr FRM, on: 10-1-15: 3.85% - Down 0.09 point
- Rate Price Based on 3.5% MBS - Currently, Up 0.12 Point.
- DJI Stocks - Currently, $17,138.74, Up $6.88
- Asian & European Stock Market Indexes Down -0.632%
- Crude Oil (WTI) - Currently, $50.09, Up $0.23
- Gold 1 Ounce - Currently, $1,168.30, Up $0.80
MARKET REPORTS & ANALYSIS
- There is no compelling news expected today that could move rates one way or the other.
- Friday's Import Reading was stronger than expected and generally not positive for pricing.
- The MBS price is again near the middle of a four month trading channel and the short term odds of rates increasing or decreasing is near equal.
NEWS LINKS
- Tuesday AM Briefing
- Coming soon: Down payment insurance for borrowers
- Reverse Mortgages Can Be A Retiree's Saving Grace
- House passes bipartisan TRID grace period bill 303-121
- The Next Three Months: Best Time to Buy
- Mortgage credit availability rises in September
- Twitter Rumored to Exceed 140-Characters
- A 'Secret' Money-Saving Home Insurance Option?
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