MORTGAGE INTEREST RATE LOCK ADVISORY
April 21, 2016, 7:30 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
- 15-30 Day Close: LOCK
- 31-45 Day Close: LOCK
- Recommendations can change throughout the day.
MORTGAGE MARKET INDICATORS - Click for current Market Rates
- Freddie Mac Average:30-Yr FRM, Up 0.01% to 3.59% on 4-21-16.
Rate Price Based on 3% MBS, Up 0.15 Point.
DJI Stocks - Currently, $18,072.61, Down ($23.66) -0.13%
Asian & European Stock Market Indexes Up 0.321%
Crude Oil (WTI) - Currently, $43.23, Down ($0.95)
Gold 1 Ounce - Currently, $1,253.50, Down ($1.80)
MARKET REPORTS & ANALYSIS
- Mortgage Rates continue their climb spurred on by this morning's strong Jobs Report.
- Rates Jump to Highest Levels in April
Wednesday mortgage rates jumped significantly higher, relative to the almost perfectly flat trend that's been intact for more than a week. We were already a bit cautious due to Tuesday's underlying market weakness, but Wednesday's move was far swifter than Tuesday's imbalances would suggest.
NEWS LINKS
- NAR Calls for Further FHA Insurance Premium Reductions
- Home prices see highest increase since 2007
- California High School Rankings
- Median Home Price in San Diego County Reaches $478,000
- Are Stated Income Loans Re-entering the Market?
- Obtaining a mortgage gets a little easier
- Foreclosures now lowest since housing crisis
- California just announced a big boost for first-time buyers
- What's the fastest way to improve your credit score?
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A doctor and a lawyer are talking at a party. Their conversation is constantly interrupted by people describing their ailments and asking the doctor for free medical advice. After an hour of this, the exasperated doctor asks the lawyer, "What do you do to stop people from asking you for legal advice when you're out of the office?" "I give it to them," replies the lawyer, "and then I send them a bill." The doctor is shocked, but agrees to give it a try. The next day, still feeling slightly guilty, the doctor prepares the bills. When he goes to place them in his mailbox, he finds a bill from the lawyer.
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Make crime pay. Become a lawyer. Will Rogers
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