MORTGAGE INTEREST RATE LOCK ADVISORY 11/30/16

By
Mortgage and Lending with LoanOfficerSchool.com NMLS 291249
MORTGAGE INTEREST RATE LOCK ADVISORY
November 30 2016, 7:50 AM PT 

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Reverse Mortgages Provide Senior Financial Security.
MARKET INDICATORS
  • Average 30-Yr FRM, up 0.09 points to 4.03% on 11-23-16
  • Rate Price Based on 3.5% MBS, Up 0.41 Point.
  • DJI Stocks - Currently, $19,189.87, Up $68.27 0.36%
  • Asian & European Stock Market Indexes Up 0.451%
  • Crude Oil (WTI) - Currently, $48.57, Up $3.34
  • Gold 1 Ounce - Currently, $1,181.00, Down ($10.30)
MARKET REPORTS & ANALYSIS    
  • Rate Lock Advisory. Lock on up ticks. Rates are up today and technical analysis provides no sign of rates improving in this uncertain market.. 
  • Wednesday's Market Data: A mixed bag of reports today with Spending seeing a nice monthly gain but half of what the market was expecting while Income jumped. Overall, another negative day for MBS
  • Tuesday's Mortgage Market: prices for rates based on Mortgage Backed Securities (MBS) closed down 0.26 point. It was a good day to lock.
  • 30-year fixed-rate mortgage (FRM) averaged 4.03 percent with an average 0.5 point for the week ending November 23, 2016, up from last week when it averaged 3.94 percent. A year ago at this time, the 30-year FRM averaged 3.95 percent.
 
Someone has said: "A conclusion is the place where you get tired of thinking." 
____________________________________________________________________
 
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.
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mortgage interest rate lock advisory reverse mortgages hecm

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