MORTGAGE INTEREST RATE LOCK ADVISORY
January 16, 2017, 7:45 AM PT
Bond Markets are Closed Monday in Honor of Martin Luther King
- 1-15 Day Close: LOCK
- 16-30 Day Close: FLOAT With Caution
- 31-45 Day Close: FLOAT With Caution
- Recommendations can change throughout the day.
- Click for current Lock Advice
MARKET INDICATORS
- Average 30-Yr FRM, Down 0.09 points to 4.12% on 1-12-17
- Rate Price Based on 3.5% MBS, Closed Friday Up 0.28 Point.
- DJI Stocks - Closed Friday, $19,885.73, Down ($5.27) -0.03%
- Asian & European Stock Market Indexes Down -0.315%
- Crude Oil (WTI) - Currently, $52.26, Down ($0.11)
- Gold 1 Ounce - Currently, $1,205.80, Up $7.10
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. While the overall rate direction remains up it appears we are at the bottom a intermediate move in the upward trading channel
- Monday Rate Market. Stock and Bond Markets are closed Monday in honor of Martin Luther King.
- Friday's Mortgage Rate Results: Mortgage rates based on Mortgage Backed Securities (MBS) closed Up 0.28 point.
- 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.5 point for the week ending January 12, 2017, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 3.92 percent.
- Monday News Brief
- The Week Ahead: Waiting for Housing Starts to Pick Up
- Mortgage Applications Start 2017 on the Rise
- FHA Cuts Mortgage Insurance Premiums By 0.25%
- Predicting the Path of Mortgage Rates in 2017
- Does Homebuyer Education Lead to Housing Stability?
- 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)
- Financial planners warming to reverse mortgages
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