MORTGAGE INTEREST RATE LOCK ADVISORY
December 14, 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
_____________________________________________________________________________
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 -0.16 Point.
- DJI Stocks - Currently, $19,876.93, Down ($34.28) -0.17%
- Asian & European Stock Market Indexes Down -0.257%
- Crude Oil (WTI) - Currently, $52.64, Down ($0.34)
- Gold 1 Ounce - Currently, $1,166.10, Up $6.30
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. Lock whenever prices improve. News and technical indicators provide no sign of long time rates improving in this uncertain market. Float rates at your own risk.
- Wednesday's Market Data: While it is already priced into the market, today 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.
- Tuesday's Mortgage Results: prices for rates based on Mortgage Backed Securities (MBS) closed Down 0.05 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.
- Wednesday AM Brief;
- How Easy Will It Be For Donald Trump to Dismantle Dodd-Frank?
- Homeowners nearly hit the mark on estimating home prices
- Fannie Mae Offers Appraisal Waiver for Eligible Loans
- 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
You can't have everything... where would you put it? ~Steven Wright
____________________________________________________________________
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.
Comments(0)