MORTGAGE INTEREST RATE LOCK ADVISORY
January 9, 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
MARKET INDICATORS
- Average 30-Yr FRM, Down 0.10 points to 4.20% on 1-5-17
- Rate Price Based on 3.5% MBS, Down -0.12 Point.
- DJI Stocks - Currently, $19,916.30, Down ($47.50) -0.24%
- Asian & European Stock Market Indexes Down -0.024%
- Crude Oil (WTI) - Currently, $52.59, Down ($1.40)
- Gold 1 Ounce - Currently, $1,181.00, Up $5.80
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.
- Monday's Market: Labor Markets Conditions Report is will be puplished this morning but is not expected to effect mortgage rates.
- Friday's Mortgage Rate Results: Mortgage rates based on Mortgage Backed Securities (MBS) closed up 0.27 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.
- Monday 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 surest sign that intelligent life exists elsewhere in the universe
is that it has never tried to contact us. ~ Bill Watterson,
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