MORTGAGE INTEREST RATE LOCK ADVISORY
December 15, 2016, 7:45 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 0.03 points to 4.16% on 12-15-16
- Rate Price Based on 3.5% MBS, Up 0.05 Point.
- DJI Stocks - Currently, $19,913.97, Up $121.44 0.61%
- Asian & European Stock Market Indexes Down -0.136%
- Crude Oil (WTI) - Currently, $50.46, Down ($0.58)
- Gold 1 Ounce - Currently, $1,131.20, Down ($33.60)
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. Lock on any price improvement.. News and technical indicators provide no sign of rates improving. In this uncertain market. Float rates at your own risk.
- Thursday's Market Data: A big spike in the regional manufacturing report and continued strength in the labor market with the weekly claims data. Inflation (Core CPI YOY) remains above 2.0% and was unchange from October's levels. None of this data has the ability to reverse the upward rate prices based on MBS
- Wednesday's Mortgage Results: Prices for rates based on Mortgage Backed Securities (MBS) closed UP 0.84 point, the largest upward move in two years.
- 30-year fixed-rate mortgage (FRM) averaged 4.16 percent with an average 0.5 point for the week ending December 15, 2016, up from last week when it averaged 4.13 percent. A year ago at this time, the 30-year FRM averaged 3.97 percent.
- Thursday 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
"If you're going through hell, keep going." ~ Winston Churchill
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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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