Special offer

MORTGAGE INTEREST RATE LOCK ADVISORY 2/9/16

By
Mortgage and Lending with LoanOfficerSchool.com NMLS 291249
MORTGAGE INTEREST RATE LOCK ADVISORY
February 9, 2016, 7:45 AM PST 
 
FEATURED LOAN
LOCK ADVISORY -  Click for current Lock Advice
  • 1-14 Day Close:  LOCK
  • 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 0.07 point on: 2-4-16 to: 3.72% 
  • Rate Price Based on 3.5% MBS, Down -0.16 Point. 
  • DJI Stocks - Currently, $15,937.30, Down ($89.75)
  • Asian & European Stock Market Indexes Down -1.205%
  • Crude Oil (WTI) - Currently, $30.13, Up $0.44
  • Gold 1 Ounce - Currently, $1,196.20, Down ($3.80)
MARKET REPORTS & ANALYSIS     
  • Lock short term closings.  As rates continue to decrease the odds of short term rate increases grows. Market indicators forecast a temporary rate increase. 
  • December Wholesale Inventories and December JOLTS readings are better than expected. JOLTS continues to show a large pool of unfilled positions which demonstrates a lack of qualified and available workers more than true econmic strength.
    Neither are a real force in pricing, MBS have moved off otheir highs as Oil has climbed off its bottom. 
NEWS LINKS

Comments (0)