Bill Ladewig's Blog

MORTGAGE INTEREST RATE LOCK ADVISORY 12/8/16

MORTGAGE INTEREST RATE LOCK ADVISORY
December 8, 2016, 7:55 AM PT 

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Reverse Mortgages allow Seniors to Age in Their Own Home.
MARKET INDICATORS
  • Average 30-Yr FRM, up 0.05 points to 4.13% on 12-8-16
  • Rate Price Based on 3.5% MBS, Up 0.21 Point.
  • DJI Stocks - Currently, $19,553.94, Up $4.32 0.02%
  • Asian & European Stock Market Indexes Up 0.573%
  • Crude Oil (WTI) - Currently, $50.64, Up $0.87
  • Gold 1 Ounce - Currently, $1,172.90, Down ($5.30)
  • Rate Lock Advisory. Lock whenever prices improve. Today's MBS market remains volatile after the DJI 298 point leap yesterday. Technical analysis provides no sign of long time rates improving in this uncertain market.
  • Thursday's Market Data: Looking ahead, the Federal Reserve is widely expected to raise interest rates at the close of its two-day policy meeting on Wednesday. Fed-funds futures, used by investors to speculate on the direction and pace of rising interest rates, were pricing in a more than 97% probability of a hike next week.
  • Wednesday's Mortgage Results: prices for rates based on Mortgage Backed Securities (MBS) closed down 0.27 point.
  • 30-year fixed-rate mortgage (FRM) averaged 4.13 percent with an average 0.5 point for the week ending December 8, 2016, up from last week when it averaged 4.08 percent. A year ago at this time, the 30-year FRM averaged 3.95 percent.
     
 
He can compress the most words into the smallest idea of any man I know. - Abraham Lincoln,
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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 • December 08 2016 03:58PM
MORTGAGE INTEREST RATE LOCK ADVISORY 12/8/16
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MORTGAGE INTEREST RATE LOCK ADVISORY December 1, 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 November 29, 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 November 25, 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
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MORTGAGE INTEREST RATE LOCK ADVISORY November 21, 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
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MORTGAGE INTEREST RATE LOCK ADVISORY November 18, 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