MORTGAGE INTEREST RATE LOCK ADVISORY
December 19, 2016, 8:00 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, Down -0.25 Point.
- DJI Stocks - Currently, $19,912.25, Up $68.84 0.35%
- Asian & European Stock Market Indexes Down -0.362%
- Crude Oil (WTI) - Currently, $52.12, Up $0.22
- Gold 1 Ounce - Currently, $1,141.10, Up $2.90
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. Lock on today's price improvement.. News and technical indicators provide no sign of rates changing direction. In this uncertain market. Float rates at your own risk.
- Monday's Market Data: Janet Yellen is scheduled to speak at 10:30 p.m. PT. U.S. stocks looked set to open little changed on Monday as investors awaited a speech by Janet Yellen, less than a week after the Fed raised interest rates for only the second time since the financial crisis. Yellen will be speaking on "the State of the Job Market.
- Friday's Mortgage Results: Prices for mortgage rates based on Mortgage Backed Securities (MBS) closed down 0.12 point.
- 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.
- Monday AM Brief
- Fannie Mae's Day 1 Certainty verifies Income and Assets in Desktop Underwriter (DU)
- Average fixed mortgage rates are up for the seventh week in a row
- 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
- Congress could play Grinch this Christmas for homeowners
- Conforming loan limits increase for first time since 2006
- Financial planners warming to reverse mortgages
I plan on living forever. So far, so good. ~ 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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