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MORTGAGE INTEREST RATE LOCK ADVISORY 12/30/16

By Bill Ladewig

Mortgage and Lending with LoanOfficerSchool.com NMLS 291249

December 30, 2016 07:49 AM

MORTGAGE INTEREST RATE LOCK ADVISORY

December 30, 2016, 7:45 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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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 -0.13 Point.
DJI Stocks - Currently, $19,794.17, Down ($25.61) -0.13%
Asian & European Stock Market Indexes Up 0.288%
Crude Oil (WTI) - Currently, $53.64, Down ($0.13)
Gold 1 Ounce - Currently, $1,159.80, Up $0.20

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MARKET REPORTS & ANALYSIS

Rate Lock Advisory. My advice has remained 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.
Friday's Market: Bond Markets will close at 11:00 AM PT for the New Year Holiday and will not reopen until next Tuesday.
Thursday's Mortgage Rate Results: Prices are moving sllightly downward this holiday week. Mortgage rates based on Mortgage Backed Securities (MBS) closed Down 0.32 point
30-year fixed-rate mortgage (FRM) averaged 4.32 percent with an average 0.5 point for the week ending December 29 2016, up from last week when it averaged 4.30 percent. A year ago at this time, the 30-year FRM averaged 4.01 percent.

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People who want to share their religious views with you almost never want you to share yours with them.

~ Dave Barry

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IMPORTANT NOTICE

Never trust wiring instructions sent via email.

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.