MORTGAGE INTEREST RATE LOCK ADVISORY
December 7, 2016, 7:55 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
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Reverse Mortgages Provide Senior Financial Security.
MARKET INDICATORS
- Average 30-Yr FRM, up 0.05 points to 4.08% on 12-1-16
- Rate Price Based on 3.5% MBS, Down -0.17 Point.
- DJI Stocks - Currently, $19,268.98, Up $17.20 0.09%
- Asian & European Stock Market Indexes Up 0.299%
- Crude Oil (WTI) - Currently, $49.90, Down ($1.03)
- Gold 1 Ounce - Currently, $1,179.70, Up $8.90
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. Lock on down moves. Rates are slightly down early this morning. Technical analysis provides no sign of rates improving in this uncertain market.
- Wednesday's Market Data: Job Openings and Labor Turnover Survey (JOLTS) posted a solid number this morning, showing continued strength in the Labor sector but not a major factor in pricing today.
- Tuesday's Mortgage Results: prices for rates based on Mortgage Backed Securities (MBS) closed almost unchanged, down 0.05 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.
- Wednesday AM Brief
- MBA: Mortgage applications go quiet as mortgage rates rise
- Trump Officially Taps Carson for HUD Secretary
- Will Trump ax mortgage interest tax deduction?
- Consumer Financial Protection Bureau in jeopardy
- Congress could play Grinch this Christmas for homeowners
- Conforming loan limits increase for first time since 2006
- Financial planners warming to reverse mortgages
- Fannie and Freddie Lowering Underwriting Barriers
Age is a very high price to pay for maturity. - unknown
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