MORTGAGE INTEREST RATE LOCK ADVISORY
December 12, 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 allow Seniors to Age in Their Own Home.
MARKET INDICATORS
- Average 30-Yr FRM, up 0.05 points to 4.13% on 12-8-16
- Rate Price Based on 3.5% MBS, Up 0.06 Point.
- DJI Stocks - Currently, $19,790.12, Up $33.27 0.17%
- Asian & European Stock Market Indexes Down -0.491%
- Crude Oil (WTI) - Currently, $53.43, Up $1.93
- Gold 1 Ounce - Currently, $1,163.50, Up $1.00
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. Lock whenever prices improve. Today's MBS market remains up and volatile after last week's wild stock market. Technical analysis provides no sign of long time rates improving in this uncertain market.
- Monday's Market Data: Looking ahead to Wednesday the Federal Reserve is widely expected to raise interest rates at the close of its two-day policy meeting. Fed-funds futures, used by investors to speculate on the direction and pace of rising interest rates, were pricing in a more than 97% probability of a hike this week.
- Friday's Mortgage Results: prices for rates based on Mortgage Backed Securities (MBS) closed Up 0.31 point.
- 30-year fixed-rate mortgage (FRM) averaged 4.13 percent with an average 0.5 point for the week ending December 8, 2016, up from last week when it averaged 4.08 percent. A year ago at this time, the 30-year FRM averaged 3.95 percent.
- Monday AM Brief
- What Demographics Will Fuel Housing Demand in 2017?
- 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
If all else fails, immortality can always be assured by spectacular error. ~John Kenneth Galbraith
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