MORTGAGE INTEREST RATE LOCK ADVISORY
December 22, 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
MARKET INDICATORS
- Average 30-Yr FRM, up 0.14 points to 4.30% on 12-22-16
- Rate Price Based on 3.5% MBS, Up 0.13 Point.
- DJI Stocks - Currently, $19,909.13, Down ($32.83) -0.16%
- Asian & European Stock Market Indexes Down -0.275%
- Crude Oil (WTI) - Currently, $53.18, Up $0.69
- Gold 1 Ounce - Currently, $1,135.00, Up $0.80
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. Lock on any price improvement.. News and technical indicators provide no sign of rates changing direction. In this uncertain market. Float rates at your own risk.
- Thursday's Market: Today's financial news is a little stronger than expected this morning and is generally negative for pricing.
- Wednesday's Mortgage Results: Prices for mortgage rates based on Mortgage Backed Securities (MBS) closed Up 0.15 point.
- 30-year fixed-rate mortgage (FRM) averaged 4.30 percent with an average 0.5 point for the week ending December 22, 2016, up from last week when it averaged 4.16 percent. A year ago at this time, the 30-year FRM averaged 3.96 percent.
- Thursday AM Brief
- Does Everything Get Better With Age?
- 30-year mortgage rate now sits at highest level since May 2014
- Fannie Mae's Day 1 Certainty verifies Income and Assets in Desktop Underwriter (DU)
- 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
- Financial planners warming to reverse mortgages
A bargain is something you can't use at a price you can't resist. ~Franklin P. Jones
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