MORTGAGE INTEREST RATE LOCK ADVISORY
January 5, 2017, 7:55 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
- Average 30-Yr FRM, Down 0.10 points to 4.20% on 1-5-17
- Rate Price Based on 3.5% MBS, Down -0.31 Point.
- DJI Stocks - Currently, $19,910.42, Down ($31.74) -0.16%
- Asian & European Stock Market Indexes Up 0.302%
- Crude Oil (WTI) - Currently, $53.80, Up $0.54
- Gold 1 Ounce - Currently, $1,183.50, Up $16.50
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.
- Thursday's Market: December ADP Private Payrolls was a tad weaker than expected but not a bad reading. Generally a little positive for pricing but this news is not weak enough to break us out of our up market. Bad news is positive for rates.
- Wednesday's Mortgage Rate Results: Mortgage rates based on Mortgage Backed Securities (MBS) closed up 0.08 point.
- 30-year fixed-rate mortgage (FRM) averaged 4.20 percent with an average 0.5 point for the week ending January 5, 2017, down from last week when it averaged 4.32 percent. A year ago at this time, the 30-year FRM averaged 3.97 percent.
- Thursday AM Briefing
- Predicting the Path of Mortgage Rates in 2017
- 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)
- Congress could play Grinch this Christmas for homeowners
- Financial planners warming to reverse mortgages
The wise old Mother Superior from County Tipperary was passing on to a better place.
The nuns gathered around her bed trying to make her comfortable. They gave her some warm milk to drink, but she refused it. Then one nun took the glass back to the kitchen. Remembering a bottle of Irish whiskey received as a gift a few weeks ago at Christmas, she opened and poured a generous amount into the warm milk.
Back at Mother Superior's bed, she held the glass to her lips. Mother Superior drank a little, then a little more. Before they knew it, she had drunk the whole glass down to the last drop. "Mother", the nuns pleaded, "Please give us some wisdom before you die."
She struggles and raises herself up in bed, and with a pious look on her face whispers, "Don't sell that cow."
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.