MORTGAGE INTEREST RATE LOCK ADVISORY
August 4, 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: FLOAT With Caution
- 15-30 Day Close: FLOAT With Caution
- 31-45 Day Close: FLOAT With Caution
- Recommendations can change throughout the day.
MORTGAGE MARKET INDICATORS
- Weekly Average 30-Yr FRM, down 0.05% to 3.43% on 8-4-16.
- Rate Price Based on 3% MBS, Down -0.27 Point.
- DJI Stocks - Currently, $18,346.47, Down ($8.53) -0.05%
- Asian & European Stock Market Indexes Up 0.566%
- Crude Oil (WTI) - Currently, $41.07, Up $0.24
- Gold 1 Ounce - Currently, $1,364.50, Up $4.20
MARKET REPORTS & ANALYSIS
- Rates Currently Trending: Neutral
Mortgage rates are down slightly this yesterday. The MBS market worsened by 0.17 point Tuesday. This was enough to worsen mortgage rates or fees. The market experienced moderate to high volatility yesterday. - 30-year fixed-rate mortgage (FRM) averaged 3.43 percent with an average 0.5 point for the week ending August 4, 2016, down from last week when it averaged 3.48 percent. A year ago at this time, the 30-year FRM averaged 3.91 percent.
NEWS LINKS
- Thursday AM Brief
- Home sales are rising, so why isn't inventory going up?
- FHA Condo Relief Coming: President Signs Bill
- California home sales explode in June
- FHA to begin insuring mortgages with PACE solar loans
- 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 hate it when people use big words just to make themselves sound perspicacious.
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