MORTGAGE INTEREST RATE LOCK ADVISORY
February 6, 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 -0.18 Point.
DJI Stocks - Currently, $20,070.63, Down ($0.83) 0%
Asian & European Stock Market Indexes Up 0.058%
Crude Oil (WTI) - Currently, $53.42, Down ($0.41)
Gold 1 Ounce - Currently, $1,230.80, Up $9.40
MARKET REPORTS
- Rate Lock Advisory. Close in less than 30 days, Float this morning and check market this afternoon. Still recommend locking loans that are scheduled to close >30 days.
- Monday Market: There is no news scheduled today that is expected to move rates one way or the other.
- Friday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed unchanged from Thursday.
- 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.
- Monday News Brief
- The Week Ahead: Consumer Sentiment on the Rise
- 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
- 2016 Best Year in a Decade for Housing; 2017 is a Wild Card
- Financial planners warming to reverse mortgages
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