MORTGAGE INTEREST RATE LOCK ADVISORY
August 24, 2016, 7:50 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, Down -0.01 Point.
DJI Stocks - Currently, $18,500.76, Down ($46.54) -0.25%
Asian & European Stock Market Indexes Down -0.065%
Crude Oil (WTI) - Currently, $46.92, Down ($1.18)
Gold 1 Ounce - Currently, $1,329.40, Down ($15.50)
MARKET REPORTS & ANALYSIS
-
Mortgage rates are trending down this morning. Mortgage rates moved lower 0.01 point Tuesday. This was not enough to increase mortgage rates or fees. The market experienced moderate to low volatility yesterday
- 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
- Wednesday 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
- FHA Condo Relief Coming: President Signs Bill
- Reverse mortgages may be the hot new retirement planning too
- Renovation loans allow more people to buy homes
"It is amazing how quickly the kids learn to drive a car, yet are unable to understand
the lawnmower, snowblower or vacuum cleaner."
---Ben Bergor
---Ben Bergor
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