MORTGAGE INTEREST RATE LOCK ADVISORY
December 20, 2016, 7:50 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 0.17 Point.
- DJI Stocks - Currently, $19,973.68, Up $90.62 0.45%
- Asian & European Stock Market Indexes Up 0.148%
- Crude Oil (WTI) - Currently, $52.60, Up $0.48
- Gold 1 Ounce - Currently, $1,130.20, Down ($13.30)
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.
- NEW: Day 1 Certainty, Fannie Mae is offering instant income, assets, and employment validation services to lenders through its leading mortgage underwriting system, Desktop Underwriter® (DU®).\
- Tuesday's Market: There is no news scheduled that could move the MBS market one way or the other.
- Monday's Mortgage Results: Prices for mortgage rates based on Mortgage Backed Securities (MBS) closed down 0.35 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.
- Tuesday 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
Tell a man there are 300 billion stars in the universe and he'll believe you.
Tell him a bench has wet paint on it and he'll have to touch it to be sure.
~Murphy's Law
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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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