MORTGAGE INTEREST RATE LOCK ADVISORY
December 13, 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, Down -0.07 Point.
- DJI Stocks - Currently, $19,866.69, Up $70.26 0.35%
- Asian & European Stock Market Indexes Up 0.408%
- Crude Oil (WTI) - Currently, $52.39, Down ($0.44)
- Gold 1 Ounce - Currently, $1,160.10, Down ($6.90)
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. Lock whenever prices improve. Technical indicators provide no sign of long time rates improving in this uncertain market.
- Tuesday's Market Data: No news is scheduled today that could move bonds. 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.
- Monday's Mortgage Results: prices for rates based on Mortgage Backed Securities (MBS) closed Down 0.14 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.
- Tuesday AM Brief
- Fannie Mae Offers Appraisal Waiver for Eligible Loans
- What Demographics Will Fuel Housing Demand in 2017?
- MBA: Mortgage applications go quiet as mortgage rates rise
- 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
It's always darkest before the dawn.
So if you're going to steal your neighbor's newspaper, that's the time to do it.
~Author Unknown
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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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