MORTGAGE INTEREST RATE LOCK ADVISORY
January 18, 2017, 8:00 AM PT
- 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, Up 0.21 Point.
- DJI Stocks - Currently, $19,808.79, Down ($17.98) -0.09%
- Asian & European Stock Market Indexes Up 0.057%
- Crude Oil (WTI) - Currently, $51.31, Down ($1.17)
- Gold 1 Ounce - Currently, $1,217.90, Up $2.40
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. Rates based on the MBS market have entered neutral territory where they could go up or down from here. Given the Fed's intention to raise rates the odds favor increased rates.
- Wednesday Rate Market. December Consumer Price Index (CPI) was as estimated, not a major factor in today's pricing.
- Tuesday's Mortgage Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed Down 0.26 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.
- Wednesday News Brief
- Debating the Merits of GOP's Dodd-Frank Alternative
- 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
- 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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