Special offer

MORTGAGE INTEREST RATE LOCK ADVISORY 10/11/16

By
Mortgage and Lending with LoanOfficerSchool.com NMLS 291249
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 
_____________________________________________________________________________

 
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.
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
__________________________________________

Comments (0)