MORTGAGE INTEREST RATE LOCK ADVISORY 11/21/16

By
Mortgage and Lending with LoanOfficerSchool.com NMLS 291249
MORTGAGE INTEREST RATE LOCK ADVISORY
November 21, 2016, 7:45 AM PT 

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Reverse Mortgages Provide Senior Financial Security.
MARKET INDICATORS
  • Average 30-Yr FRM, up 0.37 points to 3.94% on 11-17-16
  • Rate Price Based on 3% MBS, Down -0.18 Point. \
  • DJI Stocks - Currently, $18,895.19, Up $27.26 0.14% 
  • Asian & European Stock Market Indexes Up 0.193% 
  • Crude Oil (WTI) - Currently, $47.00, Up $1.31 
  • Gold 1 Ounce - Currently, $1,217.70, Up $6.20

MARKET REPORTS & ANALYSIS    
  • Rate Lock Advisory. Rates are improved this morning. LOCK on any price improvement.
  • Today's Market Data: No market moving news expected Monday.
  • Friday's Mortgage Market: prices for rates based on Mortgage Backed Securities (MBS) closed up 0.54 point in a volatile day
  • 30-year fixed-rate mortgage (FRM) averaged 3.94 percent with an average 0.5 point for the week ending November 17, 2016, up from last week when it averaged 3.57 percent. A year ago at this time, the 30-year FRM averaged 3.97 percent.
 
Don't worry about the world coming to an end today. 
It is already tomorrow in Australia. ~ Charles Schulz
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Cyber criminals are hacking email accounts and sending emails with fake wiring instructions. These emails are convincing and sophisticated. Always independently confirm wiring instructions in person or via a telephone call to a trusted and verified phone number. Never wire money without double-checking that the wiring instructions are correct.

Comments (1)

Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

This is a very informative post. Thank you for sharing and best of luck!

Nov 20, 2016 11:56 PM

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