Bill Ladewig's Blog

MORTGAGE INTEREST RATE LOCK ADVISORY 1/3/17

MORTGAGE INTEREST RATE LOCK ADVISORY
January 3, 2017, 7:45 AM PT 
MARKET INDICATORS
  • Average 30-Yr FRM, up 0.14 points to 4.30% on 12-22-16
  • Rate Price Based on 3.5% MBS, Up 0.30 Point.
  • DJI Stocks - Currently, $19,898.76, Up $136.16 0.68%
  • Asian & European Stock Market Indexes Up 0.76%
  • Crude Oil (WTI) - Currently, $54.81, Up $1.09
  • Gold 1 Ounce - Currently, $1,154.30, Up $1.00
MARKET REPORTS & ANALYSIS    
  • Rate Lock Advisory. My advice has remained the same since November 8th. Continue to lock on price improvements. News and technical indicators provide no sign of rates changing direction. In this uncertain market. Float rates at your own risk.
  • Tuesday's Market: December ISM Manufacturing and November Construction Spending were both higher than anticipated.  The stronger than expected data is negative for pricing, especially the ISM beat
  • Friday's Mortgage Rate Results: Mortgage rates based on Mortgage Backed Securities (MBS) closed Down 0.27 point.
  • 30-year fixed-rate mortgage (FRM) averaged 4.32 percent with an average 0.5 point for the week ending December 29 2016, up from last week when it averaged 4.30 percent. A year ago at this time, the 30-year FRM averaged 4.01 percent.
 
A Scotsman and his wife walked past a swanky new restaurant.
"Did you smell that food?" she asked. "It's smells absolutely incredible!"
Being a 'kind-hearted Scotsman', he thought, "What the heck, I'll treat her!"
So, they walked past it again.
____________________________________________________________________
 
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.

 

Comment balloon 0 commentsBill Ladewig • January 03 2017 03:45PM
MORTGAGE INTEREST RATE LOCK ADVISORY 1/3/17
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MORTGAGE INTEREST RATE LOCK ADVISORY January 3, 2017, 7:45 AM PT 1-15 Day Close: LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day. Click for current Lock Advice .. more
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MORTGAGE INTEREST RATE LOCK ADVISORY December 23, 2016, 8:00 AM PT 1-15 Day Close: LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day. Click for current Lock Advice .. more
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MORTGAGE INTEREST RATE LOCK ADVISORY December 20, 2016, 7:50 AM PT 1-15 Day Close: LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day. Click for current Lock Advice .. more
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MORTGAGE INTEREST RATE LOCK ADVISORY December 19, 2016, 8:00 AM PT 1-15 Day Close: LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day. Click for current Lock Advice .. more
MORTGAGE INTEREST RATE LOCK ADVISORY 12/16/16
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MORTGAGE INTEREST RATE LOCK ADVISORY December 16, 2016, 8:00 AM PT 1-15 Day Close: LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day. Click for current Lock Advice .. more
MORTGAGE INTEREST RATE LOCK ADVISORY 12/15/16
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MORTGAGE INTEREST RATE LOCK ADVISORY December 15, 2016, 7:45 AM PT 1-15 Day Close: LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day. Click for current Lock Advice .. more
MORTGAGE INTEREST RATE LOCK ADVISORY 12/14/16
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MORTGAGE INTEREST RATE LOCK ADVISORY December 14, 2016, 7:55 AM PT 1-15 Day Close: LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day. Click for current Lock Advice .. more