- 1-15 Day Close: FLOAT With Caution
- 16-30 Day Close: LOCK
- 31-45 Day Close: LOCK
- Recommendations can change throughout the day.
- Click for current Lock Advice
- Average 30-Yr FRM, Down 0.03 points to 4.09% on 1-19-17
- Rate Price Based on 3.5% MBS, Down -0.37 Point.
- DJI Stocks - Currently, $19,750.40, Down ($76.85) -0.39%
- Asian & European Stock Market Indexes Up 0.031%
- Crude Oil (WTI) - Currently, $52.49, Down ($0.73)
- Gold 1 Ounce - Currently, $1,219.00, Up $11.30
- Rate Lock Advisory. Watch the MBS market carefully for a short term pullback after a three day sharp upward move. Last week Mortgage rates broke though a technical support level which indicates their overall direction is still up.
- Monday Rate Market. Two year bonds will go on sale at 11:00 AM PT.
- Friday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed Down 0.08 Point
- 30-year fixed-rate mortgage (FRM) averaged 4.09 percent with an average 0.5 point for the week ending Jan. 19, 2017, down from last week when it averaged 4.12 percent. A year ago at this time, the 30-year FRM averaged 3.81 percent
- Monday News Brief
- Debating the Merits of GOP's Dodd-Frank Alternative
- Mortgage Applications Start 2017 on the Rise
- FHA Cuts Mortgage Insurance Premiums By 0.25%
- Predicting the Path of Mortgage Rates in 2017
- 2016 Best Year in a Decade for Housing; 2017 is a Wild Card
- Fannie Mae's Day 1 Certainty verifies Income and Assets in Desktop Underwriter (DU)
- Financial planners warming to reverse mortgages
CONSUMER EDUCATION = CONSUMER PROTECTION
- Rates and Points Explained
- FHA 203k Renovation Mortgage - Video
- Energy Efficient Mortgages - Video
- What You Should Know About APR
- How To Shop for Mortgage Rates.
- Beware of Misleading Lender Advertising
- Education is the best consumer protection
Real Estate & Mortgage Broker
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