MORTGAGE INTEREST RATE LOCK ADVISORY
November 30 2016, 7:50 AM PT
- 1-15 Day Close: LOCK
- 16-30 Day Close: LOCK
- 31-45 Day Close: LOCK
- Recommendations can change throughout the day.
- Click for current Lock Advice
Reverse Mortgages Provide Senior Financial Security.
- 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.
- Wednesday AM Brief
- Consumer Financial Protection Bureau in jeopardy
- Congress could play Grinch this Christmas for homeowners
- Mortgage Rates: Higher for the Holidays
- Conforming loan limits increase for first time since 2006
- Financial planners warming to reverse mortgages
- Fannie and Freddie Lowering Underwriting Barriers
- Mortgage Brokers are Grabbing a Larger Market Share
Someone has said: "A conclusion is the place where you get tired of thinking."
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