MORTGAGE INTEREST RATE LOCK ADVISORY
November 16, 2016, 8:00 AM PT
- 1-15 Day Close: Caution
- 16-30 Day Close: Caution
- 31-45 Day Close: Caution
- Recommendations can change throughout the day.
- Click for current Lock Advice
Reverse Mortgages Provide Senior Financial Security.
- Average 30-Yr FRM, up 0.03 points to 3.57% on 11-10-16
- Rate Price Based on 3% MBS, Up 0.06 Point.
- DJI Stocks - Currently, $18,873.58, Down ($49.48) -0.26%
- Asian & European Stock Market Indexes Up 0.182%
- Crude Oil (WTI) - Currently, $46.16, Up $0.35
- Gold 1 Ounce - Currently, $1,227.60, Up $0.40
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. Rate prices are presently almost unchanged this morning after being down 0.35 Tuesday. Possibly this is the beginning of the long awaited snap back improvement. However the market is still uncertain so if you remain unlocked be very cautious.
- Today's Market Data: we enjoyed much tamer inflationary data today than expected and that is generally favorable for pricing.
- Yesterday's Mortgage Market: prices for rates based on Mortgage Backed Securities (MBS) closed down 0.35 point.. First down day in six days.
- 30-year fixed-rate mortgage (FRM) averaged 3.54 percent with an average 0.5 point for the week ending November 3, 2016, up from last week when it averaged 3.47 percent. A year ago at this time, the 30-year FRM averaged 3.87 percent. Information is updated Thursday at 7:00 AM PT.
- Tuesday AM Brief
- HUD: FHA MMI Fund is 'Financially Sound'.
- The 5 People That Could Be Considered for HUD Secretary
- A New Chapter: The Trump Effect on Regulation
- Beware CFPB "mystery shoppers"
- Financial planners warming to reverse mortgages
- Time to Talk About Raising The Conforming Loan Limit
- Fannie and Freddie Lowering Underwriting Barriers
- Mortgage Brokers are Grabbing a Larger Market Share
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