MORTGAGE INTEREST RATE LOCK ADVISORY
January 30, 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 -0.09 Point.
DJI Stocks - Currently, $19,908.84, Down ($184.94) -0.93%
Asian & European Stock Market Indexes Down -0.496%
Crude Oil (WTI) - Currently, $52.74, Down ($0.43)
Gold 1 Ounce - Currently, $1,199.70, Up $8.30
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.
- Monday Market A mixed bag here, Income was a tad lighter than expected but still had a good monthly gain, Spending finally picked up though and Core PCE YOY moved up again but is still below 2%. So far, rates have not had a major reaction to this data set.
- Friday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed Down 0.16 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.
- Monday 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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