MORTGAGE INTEREST RATE LOCK ADVISORY
October 11, 2016, 8:00 AM PT
- 1-15 Day Close: Cautiously Float (see below)
- 16-30 Day Close: Cautiously Float
- 31-45 Day Close: Cautiously Float
- Recommendations can change throughout the day.
- Click for current Lock Advice
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MORTGAGE MARKET INDICATORS
- 10-6-16: Average 30-Yr FRM, unchanged at 3.42%.
- Rate Price Based on 3% MBS, Up 0.17 Point.
- DJI Stocks - Currently, $18,173.69, Down ($155.35) -0.85%
- Asian & European Stock Market Indexes Down -0.028%
- Crude Oil (WTI) - Currently, $51.02, Down ($0.33)
- Gold 1 Ounce - Currently, $1,257.40, Down ($3.70)
MARKET REPORTS & ANALYSIS
- Lock Advice. The safe move is to lock in this uncertain market. However, the MBS market is now deep into oversold territory and may be near the end of its current up move. If you remain unlocked be very careful.
- Bond Market was closed Monday. Friday, rate prices were down 0.11 point. This was not enough to change daily rate fees. The market experienced moderate volatility.
- 30-year fixed-rate mortgage (FRM) averaged 3.42 percent with an average 0.5 point for the week ending October 6, 2016, unchanged from last week. A year ago at this time, the 30-year FRM averaged 3.76 percent.
- Tuesday AM Brief
- Fannie Mae Releases DU Version 10.0, With Support For Trended Credit Data
- Millennials shun homebuying in coastal cities
- Shortage of real estate appraisers is hurting the housing market
- Brother and Sister in court over mortgage fraud
- The new normal: National average time to close settles at 46 days
- FHA Condo Relief Coming: President Signs Bill
- Reverse mortgages is the hot new retirement planning tool
May those who love us love us,
and those who do not love us,
may God turn their hearts,
and if He cannot turn their hearts
may He turn their ankles
that we may know them by their limping.
~Irish Prayer
and those who do not love us,
may God turn their hearts,
and if He cannot turn their hearts
may He turn their ankles
that we may know them by their limping.
~Irish Prayer
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