MORTGAGE INTEREST RATE LOCK ADVISORY
June 22, 2016, 7:55 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: FLOAT With Caution
- 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 3.54% on 6-16-16.
Rate Price Based on 3% MBS, Down -0.03 Point.
DJI Stocks - Currently, $17,918.00, Up $88.27 0.49%
Asian & European Stock Market Indexes Up 0.302%
Crude Oil (WTI) - Currently, $48.85, Down ($0.52)
Gold 1 Ounce - Currently, $1,267.40, Down ($4.70)
MARKET REPORTS & ANALYSIS
-
Wednesday,money markets are still concerned about the pending Brexit vote on Thursday. That, coupled with the MBS technical analysis brings the probability of small movement today.
- Keep a close eye on the MBS market, Mortgage rates move opposite the MBS market. MBS is in oversold territory today which means lower rates have the most probability.
- MBS = Mortgage Backed Securities.
NEWS LINKS
- Yellen: Low Rates Will Be With Us
- Updated Desktop Underwriter (DU) coming soon after unexpected delay,
- Hackers are stealing Mortgages in San Francisco
- The 50 'Safest Cities' in California
- Yellen Says Forces Holding Down Rates May Be Long Lasting
- Reverse mortgages may be the hot new retirement planning too
- Renovation loans allow more people to buy homes
I received this email from a golfing friend recently.
"I have two tickets to the US Open final round in Oakmont, but just realized
I'm getting married that day and can't go."
"If you're interested in going in my place, it's at St. Paul 's church and her name is Emily."
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