Bill Ladewig's Blog

MORTGAGE INTEREST RATE LOCK ADVISORY 8/18/2016

MORTGAGE INTEREST RATE LOCK ADVISORY
August 18, 2016, 8:00 AM PT 
 
FEATURED LOANS

LOCK ADVISORY -
  Click for current Lock Advice
  • 1-14 Day Close:   FLOAT With Caution
  • 15-30 Day Close: FLOAT With Caution
  • 31-45 Day Close: FLOAT With Caution
  • Recommendations can change throughout the day.   
MORTGAGE MARKET INDICATORS
  • Weekly Average 30-Yr FRM, down 0.02% to 3.43% on 8-18-16.
  • Rate Price Based on 3% MBS, Up 0.03 Point.
  • DJI Stocks - Currently, $18,590.37, Up $16.43 0.09%
  • Asian & European Stock Market Indexes Up 0.116%
  • Crude Oil (WTI) - Currently, $47.83, Up $1.04
  • Gold 1 Ounce - Currently, $1,352.10, Up $6.00
 ______________________________________________________________________________
MARKET REPORTS & ANALYSIS     
  • Rates Currently Trending: Neutral  Mortgage rates are trending unchanged this morning. Wednesday the MBS market improved by 0.20 point. This was not enough to move mortgage rates or fees.
  • 30-year fixed-rate mortgage (FRM) averaged 3.43 percent with an average 0.5 point for the week ending August 18, 2016, down from last week when it averaged 3.45 percent. A year ago at this time, the 30-year FRM averaged 3.93 percent.
 ______________________________________________________________________________ 
       
Most politicians seem to believe: "No one is too old for fairy tales"
Comment balloon 0 commentsBill Ladewig • August 18 2016 08:08AM
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