MORTGAGE INTEREST RATE LOCK ADVISORY
February 3, 2017, 7:55 AM PT
- 1-15 Day Close: FLOAT
- 16-30 Day Close: FLOAT With Caution
- 31-45 Day Close: LOCK
- Recommendations can change throughout the day.
- Click for current Lock Advice
MARKET INDICATORS
- Average 30-Yr FRM, Unchanged 4.19% on 2-2-17
- Rate Price Based on 3.5% MBS, Down -0.28 Point.
- DJI Stocks - Currently, $20,045.58, Up $160.67 0.8%
- Asian & European Stock Market Indexes Up 0.298%
- Crude Oil (WTI) - Currently, $54.13, Up $0.59
- Gold 1 Ounce - Currently, $1,222.40, Up $2.40
MARKET REPORTS
- Rate Lock Advisory. Close in 15 days or less, Float this morning and check market this afternoon.
- Friday Market: A mixed bag of job reports here. MORE jobs and at higher wages, but the wage growth is lower than expected. The Unemployment Rate ticked up but that is because the Participation rate moved higher. MBS are treading water right now and have not made a major move on this data as the bond market tries to understand the mixed results.
- Thursday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed Wednesday Down 0.16 Point
- 30-year fixed-rate mortgage (FRM) averaged 4.19 percent with an average 0.5 point for the week ending Feb. 2, 2017, unchanged from last week. A year ago at this time, the 30-year FRM averaged 3.72 percent.
- Friday News Brief
- Democratic lawmakers join battle between CFPB and PHH
- Low Inventory Drives the Hottest U.S. Markets
- 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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