MORTGAGE INTEREST RATE LOCK ADVISORY
August 12, 2016, 8:00 AM PT
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
- 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, up 0.02% to 3.45% on 8-11-16.
- Rate Price Based on 3% MBS, Down -0.34 Point.
- DJI Stocks - Currently, $18,598.35, Down ($15.17) -0.08%
- Asian & European Stock Market Indexes Up 0.274%
- Crude Oil (WTI) - Currently, $43.83, Up $0.34
- Gold 1 Ounce - Currently, $1,354.40, Up $7.40
MARKET REPORTS & ANALYSIS
VERY WEAK DATA TODAY! Retail Sales and the Producer Price Index (PPI) are very weak this morning and postive for pricing today!
Rates Currently Trending: Neutral - Prices are down early this morning. Yesterday mortgage rates were up 0.09 point.
30-year fixed-rate mortgage (FRM) averaged 3.45 percent with an average 0.5 point for the week ending August 11, 2016, up from last week when it averaged 3.43 percent. A year ago at this time, the 30-year FRM averaged 3.94 percent.
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Rates Currently Trending: Neutral - Prices are down early this morning. Yesterday mortgage rates were up 0.09 point.
30-year fixed-rate mortgage (FRM) averaged 3.45 percent with an average 0.5 point for the week ending August 11, 2016, up from last week when it averaged 3.43 percent. A year ago at this time, the 30-year FRM averaged 3.94 percent.
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NEWS LINKS
- Friday AM Brief
- FHA Loans : Still The Best Choice For Many Home Buyers
- Judge Sues Homeowner in Foreclosure Case
- CFPB adopts new rules to protect homeowners who fall behind
- FHA Condo Relief Coming: President Signs Bill
- 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
The Olympics remind us that no matter what country we may be from, we all look dumb using an iPad as a camera. Unknown
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