MORTGAGE INTEREST RATE LOCK ADVISORY
September 21, 2016, 8:00 AM PT
- 1-14 Day Close: LOCK
- 15-30 Day Close: LOCK
- 31-45 Day Close: LOCK
- Recommendations can change throughout the day.
- Click for current Lock Advice
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MORTGAGE MARKET INDICATORS
- Weekly Average 30-Yr FRM, up 0.06 point at 3.50% on 9-15-16.
- Rate Price Based on 3% MBS, Unchanged 0 Point.
- DJI Stocks - Currently, $18,184.78, Up $54.82 0.3%
- Asian & European Stock Market Indexes Up 0.529%
- Crude Oil (WTI) - Currently, $43.44, Up $0.14
- Gold 1 Ounce - Currently, $1,328.50, Up $11.10
MARKET REPORTS & ANALYSIS
- Mortgage rates continue to move sideways this morning. Tuesday, Mortgage rates prices moved down 0.11 point. This was not enough to increase mortgage rates or fees. The market experienced high volatility.
- 30-year fixed-rate mortgage (FRM) averaged 3.50 percent with an average 0.5 point for the week ending September 15, 2016, up from last week when it averaged 3.44 percent. A year ago at this time, the 30-year FRM averaged 3.91 percent.
NEWS LINKS
- Wednesday AM Brief
- GSEs to raise conforming loan limits in 2017?
- Mortgage Rates and Applications Up
- FHA Loans : Still The Best Choice For Many Home Buyers
- FHA Condo Relief Coming: President Signs Bill
- Reverse mortgages is the hot new retirement planning tool
Einstein's Relativity Explained
When you are courting a nice girl an hour seems like a second.
When you sit on a red-hot cinder a second seems like an hour.
That's relativity. Albert Einstein
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