MORTGAGE INTEREST RATE LOCK ADVISORY
January 27, 2017, 7:45 AM PT
- 1-15 Day Close: FLOAT With Caution
- 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 0.10 points to 4.19% on 1-26-17
- Rate Price Based on 3.5% MBS, Down -0.1 Point.
- DJI Stocks - Currently, $20,095.83, Down ($5.08) -0.03%
- Asian & European Stock Market Indexes Up 0.055%
- Crude Oil (WTI) - Currently, $53.18, Down ($0.60)
- Gold 1 Ounce - Currently, $1,189.80, Down ($3.10)
MARKET REPORTS & ANALYSIS
- Rate Lock Advisory. Close in 15 days or less, Float this morning and check market this afternoon. Still recommend locking loans that are scheduled to close >15 days.
- Friday Market is a mixed bag. The headline durable goods orders were much lighter than expected but still much better than Nov. When you strip out airplance, etc it was in line with estimates. But GDP was lighter than expected, and should help MBS to move off of their early morning lows.
- Thursday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed Down 0.02 Point
- 30-year fixed-rate mortgage (FRM) averaged 4.19 percent with an average 0.4 point for the week ending Jan. 26, 2017, up from last week when it averaged 4.09 percent. A year ago at this time, the 30-year FRM averaged 3.79 percent.
- Friday News Brief
- Low Inventory Drives the Hottest U.S. Markets
- What is Holding Down Housing Inventory?
- Trump Administration Cancels Recently Announced FHA MIP Rate Cut
- Debating the Merits of GOP's Dodd-Frank Alternative
- Mortgage Applications Start 2017 on the Rise
- Predicting the Path of Mortgage Rates in 2017
- 2016 Best Year in a Decade for Housing; 2017 is a Wild Card
- Financial planners warming to reverse mortgages
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