MORTGAGE INTEREST RATE LOCK ADVISORY
December 28, 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 -0.09 Point.
- DJI Stocks - Currently, $19,921.66, Down ($23.38) -0.12%
- Asian & European Stock Market Indexes Up 0.382%
- Crude Oil (WTI) - Currently, $54.14, Up $0.24
- Gold 1 Ounce - Currently, $1,140.10, Down ($0.40)
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. Advice remains the same since November 8th. Continue to lock on price improvements. News and technical indicators provide no sign of rates changing direction. In this uncertain market. Float rates at your own risk.
- Wednesday's Market: November Pending Home Sales (MOM)were down -2.5%vs est of 0.5%. A little weaker than expected but generally not a factor in pricing.
- Monday's Mortgage Results: Prices are moving sideways this holiday week. Mortgage rates based on Mortgage Backed Securities (MBS) closed Up 0.03 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.
- Wednesday AM Briefing
- The Week Ahead: Competition Heating Up for Housing
- 2016 Best Year in a Decade for Housing; 2017 is a Wild Card
- 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
A positive attitude may not solve all your problems,
but it will annoy enough people to make it worth the effort. ~ Herm Albright,
____________________________________________________________________
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.
Comments(0)