MORTGAGE INTEREST RATE LOCK ADVISORY
January 19, 2016, 7:45 AM PST
FEATURED LOAN
- FHA 203K Renovation Mortgage
- Renovate Purchases and Refinances
- All You Need To Know About 203K
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, Down 0.05 point on: 1-14-16 to: 3.92%
- Rate Price Based on 3.5% MBS, Up 0.07 Point.
- DJI Stocks - Currently, $16,112.82, Up $124.74
- Asian & European Stock Market Indexes Up 1.517%
- Crude Oil (WTI) - Currently, $28.96, Up $0.41
- Gold 1 Ounce - Currently, $1,088.90, Down ($4.60)
MARKET REPORTS & ANALYSIS
- Investors have grown more concerned that economic growth, particularly in China, will slow more rapidly than expected. In recent years, China has been responsible for a significant share of global economic growth, and changes in China's performance are felt in many countries. As a result, stock markets around the world posted another week of large declines. For mortgage rates, slower growth is positive since it reduces the outlook for inflation.
NEWS LINKS
- Five Things Everyone Will Be Talking About Today
- Average US rate on 30 year mortgage falls to 3.92%
- MBA: Mortgage applications start year off strong, surge 21.3%
- Is HELOC demand about to skyrocket?
- Interesting Read: What's Eating Silicon Valley
- Are Lower FHA Premiums Ahead?
- HomeReady Mortgage Could Make Many New Homeowners in 2016
- This Minority Group Is Creating a Buying Boom
- Lenders: IRS is rejecting some 4506T requests
- Fannie Mae: Expect 3 more Fed rate hikes in 2016
- Here's what the housing & mortgage industry will look like in 2016
- A Revolving Door Helps Big Banks Muscle Out Fannie and Freddie
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