Bill Ladewig's Blog

MORTGAGE INTEREST RATE LOCK ADVISORY 7/19/16

MORTGAGE INTEREST RATE LOCK ADVISORY
July 19, 2016, 8:00 AM PST 
 
FEATURED LOANS
LOCK ADVISORY -
  Click for current Lock Advice
  • 1-14 Day Close:  FLOAT  
  • 15-30 Day Close: FLOAT  
  • 31-45 Day Close: FLOAT
  • Recommendations can change throughout the day.   
MORTGAGE MARKET INDICATORS
  • Weekly Average 30-Yr FRM, up 0.01% to 3.42% on 7-14-16.
    Rate Price Based on 3% MBS, Down -0.06 Point. 
    DJI Stocks - Currently, $18,545.58, Up $12.53 0.07%
    Asian & European Stock Market Indexes Down -0.087%
    Crude Oil (WTI) - Currently, $44.95, Down ($0.29)
    Gold 1 Ounce - Currently, $1,332.90, Up $1.40
     
MARKET REPORTS & ANALYSIS     
  • Continue to Float. we should be seeing lower rates in the next few days.
  • Rates Currently Trending: Neutral Mortgage rates are trending down slightly this morning. Last week the MBS market worsened by -52 bps. This was enough to worsen mortgage rates or fees. The MBS market was fairly volatile last week.
     
NEWS LINKS
 
Children are smarter than any of us. Know how I know that? I don't know one child with a full time job and children. Bill Hicks
Comment balloon 0 commentsBill Ladewig • July 19 2016 08:07AM
MORTGAGE INTEREST RATE LOCK ADVISORY 7/19/16
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