Bill Ladewig's Blog

MORTGAGE INTEREST RATE LOCK ADVISORY 8/3/16

MORTGAGE INTEREST RATE LOCK ADVISORY
August 3, 2016, 8:00 AM PST 
 
FEATURED LOANS
LOCK ADVISORY -
  Click for current Lock Advice
  • 1-14 Day Close:  LOCK
  • 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, up 0.03% to 3.48% on 7-28-16.
  • Rate Price Based on 3% MBS, Up 0.01 Point. 
  • DJI Stocks - Currently, $18,324.94, Up $11.17 0.06% 
  • Asian & European Stock Market Indexes Down -0.455% 
  • Crude Oil (WTI) - Currently, $40.33, Up $0.82 
  • Gold 1 Ounce - Currently, $1,359.20, Down ($9.00)
MARKET REPORTS & ANALYSIS     
  • Rates Currently Trending: Neutral 
    Mortgage rates are trending slightly worse this morning. Last week the MBS market improved by +57 bps. This was enough to improve mortgage rates or fees. The MBS market was volatile last week 
  • Just like Friday's PMI data, the ISM reading was very strong and close to estimates but the Construction data was a big miss, we need to watch that 104.00 price point on our FNMA 3.0. 
  • 30-year fixed-rate mortgage (FRM) averaged 3.48 percent with an average 0.5 point for the week ending July 28, 2016, up from last week when it averaged 3.45 percent. A year ago at this time, the 30-year FRM averaged 3.98 percent.
     
Never trust anyone when they're in love, drunk, or running for office. -
Shirley Maclaine (paraphrased)
Comment balloon 0 commentsBill Ladewig • August 03 2016 08:16AM
MORTGAGE INTEREST RATE LOCK ADVISORY 8/3/16
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MORTGAGE INTEREST RATE LOCK ADVISORY August 3, 2016, 8:00 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY August 1, 2016, 7:55 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY July 29, 2016, 7:55 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY July 28, 2016, 7:48 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY July 27, 2016, 8:00 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY July 26, 2016, 8:00 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY July 25, 2016, 7:45 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY July 22, 2016, 7:45 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY July 21, 2016, 8:00 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY July 20, 2016, 8:00 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more