- 1-7 Day Close: FLOAT WITH CAUTION
- 8-14 Day Close: NEUTRAL
- 15-30 Day Close: NEUTRAL
- 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
- 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.
- Thursday AM Brief
- This Busy City Will Never Have a Home for Sale
- Fed minutes hint at rate hike
- FHA continues push for expanded credit access
- Cash Sales Continue Year-over-Year Retreat
- How High Will Mortgage Rates Actually Climb?
- FHFA to Push Fannie, Freddie into Manufactured Housing
- Biweekly Mortgages:The Lure And Dangers
- Will Exotic Mortgages Make A Comeback?
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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