MORTGAGE INTEREST RATE LOCK ADVISORY
July 6, 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 - See below
- 15-30 Day Close: FLOAT
- 31-45 Day Close: FLOAT
- Recommendations can change throughout the day.
MORTGAGE MARKET INDICATORS
- Weekly Average 30-Yr FRM, down 0.08% to 3.48% on 6-30-16.
- Asian & European Stock Market Indexes Down -0.778%
- DJI Stocks - Currently, $17,747.55, Down ($93.07) -0.52%
- Rate Price Based on 3% MBS, Up 0.09 Point
- Crude Oil (WTI) - Currently, $46.07, Down ($0.53)
- Gold 1 Ounce - Currently, $1,371.80, Up $12.90
MARKET REPORTS & ANALYSIS
- Mortgage rates dropped noticeably yesterday, bringing quite a few lenders down to 3.25% in terms of conventional 30yr fixed quotes on top tier scenarios. For all intents and purposes, these rates are "all-time lows,"
- Lock Short Term Overall the news is good for long term mortgage rates although it would be best to lock loans scheduled to close in the next 10 days.
NEWS LINKS
- The Brexit impact is real: Refis jump to 18-month high
- Fannie and Freddie are gouging home buyers with add-on fees
- Brexit vote results revealed moments ago
- Yellen: Low Rates Will Be With Us
- Updated Desktop Underwriter (DU) coming soon after unexpected delay,
- Reverse mortgages may be the hot new retirement planning too
- Renovation loans allow more people to buy homes
I can't change the direction of the wind, but I can adjust my sails to always reach my destination. Jimmy Dean
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