MORTGAGE INTEREST RATE LOCK ADVISORY
December 2, 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 0.05 points to 4.08% on 12-1-16
- Rate Price Based on 3.5% MBS, Down -0.38 Point.
- DJI Stocks - Currently, $19,183.23, Down ($8.70) -0.05%
- Asian & European Stock Market Indexes Down -0.299%
- Crude Oil (WTI) - Currently, $51.34, Up $0.28
- Gold 1 Ounce - Currently, $1,177.60, Up $7.50
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. Lock on down moves. Rates are down this morning and technical analysis provides no sign of rates improving in this uncertain market.
- Friday's Market Data: A mixed bag as the Unemployment Rate dropped signifantly but Average Hourly Wages dropped. Another mixed bag with NFP as it just beat estimates for Nov but October was revised lower. This is not weak enough to cause a major rally and not strong enough to cause a major sell off either.
- Thursday's Mortgage Results: prices for rates based on Mortgage Backed Securities (MBS) closed up 0.23 point.
- 30-year fixed-rate mortgage (FRM) averaged 4.08 percent with an average 0.5 point for the week ending December 1, 2016, up from last week when it averaged 4.03 percent. A year ago at this time, the 30-year FRM averaged 3.93 percent.
- Friday 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
A day without sunshine is like, you know, night. ~ Steve Martin
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