MORTGAGE INTEREST RATE LOCK ADVISORY 2/7/17

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Mortgage and Lending with LoanOfficerSchool.com NMLS 291249
MORTGAGE INTEREST RATE LOCK ADVISORY
February 7, 2017, 7:45 AM PT 

MARKET INDICATORS
  • Average 30-Yr FRM, Unchanged 4.19% on 2-2-17
    Rate Price Based on 3.5% MBS, Up 0.06 Point.
    DJI Stocks - Currently, $20,129.61, Up $77.19 0.38%
    Asian & European Stock Market Indexes Up 0.051%
    Crude Oil (WTI) - Currently, $52.26, Down ($0.75)
    Gold 1 Ounce - Currently, $1,235.20, Up $2.50
MARKET REPORTS 
  • Rate Lock Advisory. Presently the Rate market is moving sideways and could go in either direction. Best to lock in uncertain markets.
  • Tuesday Market: There is no news scheduled today or tomorrow that is expected to move rates one way or the other.
  • Monday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed down 0.35 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.
 
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Cyber criminals are hacking email accounts and sending emails with fake wiring instructions. These emails are convincing and sophisticated. Always independently confirm wiring instructions in person or via a telephone call to a trusted and verified phone number. Never wire money without double-checking that the wiring instructions are correct.
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