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MORTGAGE INTEREST RATE LOCK ADVISORY 6/13/16

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Mortgage and Lending with LoanOfficerSchool.com NMLS 291249
MORTGAGE INTEREST RATE LOCK ADVISORY
June 13, 2016, 8:00 AM PST 
 
FEATURED LOANS
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
Never trust an atom. They make up everything.

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