MORTGAGE INTEREST RATE LOCK ADVISORY
December 16, 2015, 7:30 AM PST
- 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, Up 0.02 point on: 12-10-15 :3.95%
- Rate Price Based on 3.5% MBS - Currently, Up 0.06 Point.
- DJI Stocks - Currently, $17,626.56, Up $101.65
- Asian & European Stock Market Indexes Up 0.7%
- Crude Oil (WTI) - Currently, $37.53, Down ($0.92)
- Gold 1 Ounce - Currently, $1,076.70, Up $11.90
MARKET REPORTS & ANALYSIS
- November Building Permits and Housing Starts were stronger than expected and welcome news for the housing industry but not a factor in pricing today as we await the Fed's interest rate decision.
- Today the Federal Reserve meetts to determine trajectory of monetary policy and level short term interest rates. It is widely anticipated that the Federal Reserve may begin to raise the benchmark interest rate.
NEWS LINKS
- Wednesday AM Brief
- A potential drastic change to the industry
- Senate Votes to Extend Foreclosure Safeguard for Servicemembers
- Here's what the housing & mortgage industry will look like in 2016
- Supreme Court Looking at Open House Signs
- A Revolving Door Helps Big Banks Quiet Campaign to Muscle Out Fannie and Freddie
- Did Advocates to Eliminate GSEs Engage in a Conflict of Interest?
- Home Prices Sustained by Falling Supply & Rising Demand
- 2016 Maximum Fannie and Freddie Conforming Loan Limits
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