MORTGAGE INTEREST RATE LOCK ADVISORY
June 13, 2016, 8:00 AM PST
FEATURED LOANS
- 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: FLOAT
- 31-45 Day Close: FLOAT
- Recommendations can change throughout the day.
MORTGAGE MARKET INDICATORS -
- Freddie Mac Average:30-Yr FRM, Down 0.06% to 3.60% on 6-9-16.
Rate Price Based on 3% MBS, Down -0.11 Point.
DJI Stocks - Currently, $17,873.52, Up $8.18 0.05%
Asian & European Stock Market Indexes Down -1.218%
Crude Oil (WTI) - Currently, $49.22, Up $0.15
Gold 1 Ounce - Currently, $1,285.80, Up $10.20
MARKET REPORTS & ANALYSIS
-
30-year fixed-rate mortgage (FRM)averaged 3.60 percent with an average 0.5 point for the week ending June 9, 2016, down from last week when it averaged 3.66 percent. A year ago at this time, the 30-year FRM averaged 4.04 percent.
- Rates Currently Trending: Neutral
Mortgage rates are basically unchanged this morning. The MBS market improvedby 0.05 bps yesterday. This was not enough to change mortgage rates or fees. The market experienced moderate volatility yesterday.
NEWS LINKS
- Monday AM Brief
- The Week Ahead: Is the Fed Between a Rock and a Hard Place?
- Mortgage Rates: Down For First Time In Four Weeks
- Reverse mortgages may be the hot new retirement planning too
- Home Prices Rising Fastest in These 10 Metros
- Is the FHA about to cut mortgage insurance premiums again?
- Home flipping reaches 2-year high
- Renovation loans allow more people to buy homes
Never trust an atom. They make up everything.
Comments (0)Subscribe to CommentsComment