MORTGAGE INTEREST RATE LOCK ADVISORY
August 19, 2016, 8:00 AM PT
FEATURED LOANS
- REVERSE MORTGAGE (HECM)
- Financial Freedom for Qualified Seniors
- Click for Reverse Mortgage Details
- 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 0.02% to 3.43% on 8-18-16.
Rate Price Based on 3% MBS, Up 0.18 Point.
DJI Stocks - Currently, $18,560.76, Down ($36.94) -0.2%
Asian & European Stock Market Indexes Down -0.312%
Crude Oil (WTI) - Currently, $48.05, Down ($0.17)
Gold 1 Ounce - Currently, $1,348.00, Down ($7.00)
MARKET REPORTS & ANALYSIS
- Rates Currently Trending: Neutral Mortgage rates are trending up this morning. Thursday the MBS market improved by 0.11 point. This was not enough to move mortgage rates or fees.
- 30-year fixed-rate mortgage (FRM) averaged 3.43 percent with an average 0.5 point for the week ending August 18, 2016, down from last week when it averaged 3.45 percent. A year ago at this time, the 30-year FRM averaged 3.93 percent.
NEWS LINKS
- Friday AM Brief
- Banking giant faces revived claims it violated racketeering laws
- Freddie Mac Forecasts $2T in 2016 Originations
- 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
- Reverse mortgages may be the hot new retirement planning too
- Renovation loans allow more people to buy homes
A couple are sitting in their living room sipping wine. Out of the blue, the wife says... I love you.
Is that you or the wine talking? Asks the husband.
Its me, says the wife...talking to the wine.
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