Bill Ladewig's Blog

AM Mortgage Market and Lock Advisory 8/20/15

MORTGAGE INTEREST RATE LOCK ADVISORY
August 20, 2015, 8:00 AM PST 
 
LOCK ADVISORY
  • 1-7 Day Close: FLOAT WITH CAUTION
  • 8-14 Day Close: NEUTRAL
  • 15-30 Day Close: NEUTRAL
MORTGAGE MARKET INDICATORS
  • Freddie Mac Average:30-Yr FRM, on: 8-20-15: 3.93% - Down 0.01 point
  • Rate Price Based on 3% MBS - Currently, Down -0.03 Point. 
  • DJI Stocks - Currently, $17,160.74, Down ($187.99)
  • Asian & European Stock Market Indexes Down -1.212%
  • Crude Oil (WTI) - Currently, $40.50, Down ($0.30)
  • Gold 1 Ounce - Currently, $1,141.00, Up $13.70
MARKET REPORTS & ANALYSIS     
  • Initial Weekly Jobless Claims, a closely watched 4 week moving average increased from 266K up to 271.5K. Bad news is good news for rates.
  • The market has been drifting sideways for the past few days and momentarily, technical indicators are neutral although the improving economy will eventually push rates higher.
  • July Housing Starts were 1.206M as expected. Building Permits were a bit of a disappointment but the SFR portion of that number was up 12%, so the drop was in multifamily.
  • August NAHB Home Builders Sentiment rose to 61 which matched market expectations. Not a major market mover but it is a robust reading considering anything above 50 is positive.
     
NEWS LINKS
Comment balloon 0 commentsBill Ladewig • August 20 2015 08:05AM
AM Mortgage Market and Lock Advisory 8/20/15
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MORTGAGE INTEREST RATE LOCK ADVISORY August 20, 2015, 8:00 AM PST Click for Updated Lock Advice LOCK ADVISORY 1-7 Day Close: FLOAT WITH CAUTION 8-14 Day Close: NEUTRAL 15-30 Day Close: NEUTRAL MORTGAGE MARKET INDICATORS Freddie… more
AM Mortgage Market & Lock Advisory 8/19/15
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MORTGAGE INTEREST RATE LOCK ADVISORY August 19, 2015, 8:30 AM PST Click for Updated Lock Advice LOCK ADVISORY 1-7 Day Close: FLOAT WITH CAUTION 8-14 Day Close: NEUTRAL 15-30 Day Close: NEUTRAL MORTGAGE MARKET INDICATORS Freddie… more
AM Mortgage Market & Lock Advisor 8/18/15
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MORTGAGE INTEREST RATE LOCK ADVISORY August 18, 2015, 8:00 AM PST Click for Updated Lock Advice LOCK ADVISORY 1-7 Day Close: FLOAT WITH CAUTION 8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac… more
AM Mortgage Report & Lock Advisor 8-17-15
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MORTGAGE INTEREST RATE LOCK ADVISORY August 17, 2015, 8:00 AM PST Click for Updated Lock Advice LOCK ADVISORY 1-7 Day Close: FLOAT WITH CAUTION 8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac… more