MORTGAGE INTEREST RATE LOCK ADVISORY 2/9/17

By
Mortgage and Lending with LoanOfficerSchool.com NMLS 291249
MORTGAGE INTEREST RATE LOCK ADVISORY
February 9, 2017, 8:00 AM PT 

MARKET INDICATORS
  • Average 30-Yr FRM, Down 0.02 at 4.17% on 2-9-17
  • Rate Price Based on 3.5% MBS, Up 0.28 Point. 
  • DJI Stocks - Currently, $20,156.16, Up $101.82 0.51%
  • Asian & European Stock Market Indexes Up 0.484%
  • Crude Oil (WTI) - Currently, $52.93, Up $0.59
  • Gold 1 Ounce - Currently, $1,236.10, Down ($4.20)
MARKET REPORTS 
  • Rate Lock Advisory. Presently the Rate market seems to have reached a temporary bottom.
  • Thursday Market: There is no news scheduled today or tomorrow that is expected to move rates one way or the other.
  • Wednesday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed down 0.33 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.

Comments (1)

Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

For Mortgage and Lending Bill Ladewig on (866) 204-9733 around Escondido, CA.

Feb 09, 2017 08:20 AM