MORTGAGE INTEREST RATE LOCK ADVISORY
December 23, 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, Down -0.15 Point.
- DJI Stocks - Currently, $19,912.88, Down ($6.00) -0.03%
- Asian & European Stock Market Indexes Down -0.03%
- Crude Oil (WTI) - Currently, $52.73, Down ($0.22)
- Gold 1 Ounce - Currently, $1,134.50, Up $2.70
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. Remains the same since November 8. 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.
- Friday's Market: The bond market will close EARLY today at 11:00 AM PT and will not reopen until Tuesday
- Thursday's Mortgage Results: Prices for mortgage rates based on Mortgage Backed Securities (MBS) closed Up 0.08 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.
- Friday AM Briefing
- 2016 Best Year in a Decade for Housing; 2017 is a Wild Card
- 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?
- Fannie Mae Offers Appraisal Waiver for Eligible Loans
- Congress could play Grinch this Christmas for homeowners
- Financial planners warming to reverse mortgages
Laughter is the shortest distance between two people. ~ Victor Borge
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