MORTGAGE INTEREST RATE LOCK ADVISORY 1/4/17
Interest rate is on the rise. If you are a buyer and have located your dream house, don't hesitate, lock NOW before the next increase. The prediction for 2017 is that we foresee a continued rise in interest rates. Don't take a chance on hope or wishful thinking. Listen to the experts and start saving Now. In the long run, your equity appreciation will outpace any drop were the rates to drop.
MORTGAGE INTEREST RATE LOCK ADVISORYJanuary 4, 2017, 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
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 0.08 Point.
- DJI Stocks - Currently, $19,898.09, Up $16.33 0.08%
- Asian & European Stock Market Indexes Up 0.231%
- Crude Oil (WTI) - Currently, $52.34, Up $0.01
- Gold 1 Ounce - Currently, $1,167.50, Up $3.80
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. My advice has basically 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.
- Wednesday's Market: Today's quiet news day is not expected to significantly move rates..
- Tuesday's Mortgage Rate Results: Mortgage rates based on Mortgage Backed Securities (MBS) closed up 0.08 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 th
_____________________________________________________________________________
- Does Homebuyer Education Lead to Housing Stability?
- Former CFPB attorney just confirmed the worst fears of the mortgage industry
- HARP Extended, FHFA Rolls Out High LTV Refi Option
- 2016 Best Year in a Decade for Housing; 2017 is a Wild Card
- Fannie Mae's Day 1 Certainty verifies Income and Assets in Desktop Underwriter (DU)
- Fannie Mae Offers Appraisal Waiver for Eligible Loans
- Congress could play Grinch this Christmas for homeowners
- Financial planners warming to reverse mortgages
The odds of going to the store for a loaf of bread and coming outwith only a loaf of bread are three billion to one. ~ Erma Bombeck____________________________________________________________________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.CONSUMER EDUCATION = CONSUMER PROTECTION
- Rates and Points Explained
- FHA 203k Renovation Mortgage - Video
- Energy Efficient Mortgages - Video
- What You Should Know About APR
- How To Shop for Mortgage Rates.
- Beware of Misleading Lender Advertising
- Education is the best consumer protection
Bill Ladewig
Real Estate & Mortgage Broker
866.204.9733 Office
760.685.0480 Cell
BRE: 00968137
NMLS: 291249
San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage Ultimate Mortgage Calculator
Comments (0)Subscribe to CommentsComment