Mortgage and Lending with NMLS 291249
October 14, 2016, 7:50 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 

  • Average 30-Yr FRM, up 0.05 points to 3.47% on 10-13-16
  • Rate Price Based on 3% MBS, Up 0.1 Point. 
  • DJI Stocks - Currently, $18,248.68, Up $149.74 0.82%
  • Asian & European Stock Market Indexes Up 0.736%
  • Crude Oil (WTI) - Currently, $50.50, Up $0.06
  • Gold 1 Ounce - Currently, $1,257.80, Down ($1.20)
  • Lock Advice. The conservative choice is to lock in this uncertain market. However, the MBS market remains deep in oversold territory and historically could signal the end of its current up move. If you remain unlocked be very careful.
  • Thursday rate prices decreased 0.21 point. This was enough to drop rate fees. The market experienced high volatility.
  • 30-year fixed-rate mortgage (FRM) averaged 3.47 percent with an average 0.6 point for the week ending October 13, 2016, up from last week when they averaged 3.42 percent. A year ago at this time, the 30-year FRM averaged 3.82 percent. 
A Timeless Classic to End The Week.  

Bob Hill and his new wife Betty were vacationing in Europe - as it happens, near Transylvania. They were driving in a rental car along a rather deserted highway. It was late and raining very hard. Bob could barely see the road in front of the car. Suddenly, the car skids out of control! Bob attempts to control the car, but to no avail! The car swerves and smashes into a tree.
Moments later, Bob shakes his head to clear the fog. Dazed, he looks over at the passenger seat and sees his wife unconscious, with her head bleeding! Despite the rain and unfamiliar countryside, Bob knows he has to get her medical assistance.
Bob carefully picks his wife up and begins trudging down the road. After a short while, he sees a light. He heads towards the light, which is coming from a large, old house. He approaches the door and knocks.
A minute passes. A small, hunched man opens the door. Bob, badly wounded, mumbles, "My name is Bob Hill, and this is my wife Betty. We've been in a terrible accident, and my wife has been seriously hurt. Can I please use your phone?"
"I'm sorry," replied the hunchback, "but we don't have a phone. My master is a doctor; come in, and I will get him!"
Bob brings his wife in.
An older man comes down the stairs.
"I'm afraid my assistant may have misled you. I am not a medical doctor; I am a scientist. It is many miles to the nearest clinic, however, and I have had a basic medical training. I will see what I can do. Igor, bring them down to the laboratory."
With that, Igor picks up Betty and carries her downstairs, with Bob staggering after them.
Igor places Betty on a table in the lab.
Bob collapses from exhaustion and his own injuries, so Igor places Bob on an adjoining table.
After a brief examination, Igor's master looks worried.
"Things are serious, Igor. Prepare a transfusion."
Igor and his master work feverishly, but to no avail.
Bob and Betty Hill are no more.
The Hills' deaths upset Igor's master greatly. Wearily, he climbs the steps to his conservatory, which houses his grand piano. For it is here that he has always found solace.
He begins to play, and a stirring, almost haunting melody fills the house.
Meanwhile, Igor is still in the lab tidying up.
His eyes catch movement, and he notices the fingers on Betty's hand twitch, keeping time to the haunting piano music.
Stunned, he watches as Bob's arm begins to rise, marking the beat!
He is further amazed as Betty and Bob both sit up straight!
Unable to contain himself, he dashes up the stairs to the conservatory.
He bursts in and shouts to his master:
"Master, Master! The Hills are alive with the sound of music!"

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