MORTGAGE INTEREST RATE LOCK ADVISORY
March 16, 2016, 8:30 AM PST
FEATURED LOAN
- REVERSE MORTGAGE (HECM)
- Financial Freedom for Qualified Seniors
- Click for Reverse Mortgage Details
LOCK ADVISORY - Click for current Lock Advice
- 1-14 Day Close: LOCK on Next Price Dip
- 15-30 Day Close: LOCK
- 31-45 Day Close: LOCK
- Recommendations can change throughout the day.
MORTGAGE MARKET INDICATORS - Click for current Markets
- Freddie Mac Average:30-Yr FRM, Up 0.04 at 3.68% on 3-10-16.
Rate Price Based on 3% MBS, Up 0.11 Point.
DJI Stocks - Currently, $17,264.85, Up $13.32 0.08%
Asian & European Stock Market Indexes Up 0.114%
Crude Oil (WTI) - Currently, $37.68, Up $1.34
Gold 1 Ounce - Currently, $1,232.00, Down ($0.90)
MARKET REPORTS & ANALYSIS
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Rates Currently Trending: Higher
Mortgage rates are trending higher this morning. The MBS market worsened by -19 bps yesterday. This was enough to worsen mortgage rates or fees. The market experienced moderate to high volatility yesterday. Mortgage rates trending higher since the beginning for March. - This morning the focus is the YOY Core CPI which once again is over 2.00% and came in a little higher than expected, this reading is not impacted by oil prices...so basically if it weren't for uber low oil prices, the Fed woudl have have their 2.0% inflation target rate
- This is a slight negative for pricing.
NEWS LINKS
- Wednesday AM Brief
- Barry Habib on Tomorrows Fed Meeting
- China Eases Mortgage Downpayment Rules to 20% from 25%
- Every Reatlor Should Have One
- 6 myths about Freddie Mac's 3% down mortgage
- Here's what the spring housing market will look like this year
- Fed to sit tight on rates at March meet, hint at hikes to come
- Americans regained most of their wealth lost when bubble burst.
- Cash-out Refinances at Seven-Year High
- Greater Opportunities on the Horizon for Single-Family Rental Investors
- Conflict, Ya Think? Ex-CFPB Employees Migrate to Big Banks
- No More VA Loan Limit Cap or Seller Mandatory Fees
The Quotes of Steven Wright, part 2 of 3.
13 - How do you tell when you're out of invisible ink?
14 - If everything seems to be going well, you have obviously overlooked something.
15 - Depression is merely anger without enthusiasm.
16 - When everything is coming your way, you're in the wrong lane.
17 - Ambition is a poor excuse for not having enough sense to be lazy.
18 - Hard work pays off in the future; laziness pays off now.
19 - I intend to live forever. So far, so good.
20 - If Barbie is so popular, why do you have to buy her friends?
21 - Eagles may soar, but weasels don't get sucked into jet engines.
22 - What happens if you get scared half to death twice?
23 - My mechanic told me, "I couldn't repair your brakes, so I made your horn louder."
24 - Why do psychics have to ask you for your name?
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