Bill Ladewig's Blog

MORTGAGE INTEREST RATE LOCK ADVISORY 10/28/16

MORTGAGE INTEREST RATE LOCK ADVISORY
October 28, 2016, 8:00 AM PT 
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Reverse Mortgages Provide Senior Financial Security.
MARKET INDICATORS
  • Average 30-Yr FRM, down 0.05 points to 3.47% on 10-27-16
  • Rate Price Based on 3% MBS, down 0.05 Point. 
  • DJI Stocks - Currently,  $18,231.42, Up $61.74  0.34%
  • Asian & European Stock Market Indexes up 0.011% 
  • Crude Oil (WTI) - Currently, $49.39, Down ($0.33)
  • Gold 1 Ounce - Currently, $1,274.70, Up $3.50 
  • Bad News For Rates. Real gross domestic product increased at an annual rate of 2.9 percent in the third quarter of 2016 according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent.
  • Advise Locking Today's GDP report and yesterday's large move in Mortgage Backed Securities (MBS) signal increased rates. 
  • Yesterday's Market: rate prices based on Mortgage Backed Securities (MBS) increased 0.30 point and was more than enough to increase yesterday's rate prices The MBS market experienced high volatility. 
  • 30-year fixed-rate mortgage (FRM) averaged 3.47 percent with an average 0.6 point for the week ending October 27, 2016, down 5 basis points from 3.52 percent last week. A year ago at this time, the 30-year FRM averaged 3.76 percent. 
Everything is funny, as long as it's happening to somebody else. 
Will Rogers
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Never trust wiring instructions sent via email. 
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 • October 28 2016 08:14AM
MORTGAGE INTEREST RATE LOCK ADVISORY 10/28/16
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MORTGAGE INTEREST RATE LOCK ADVISORY October 28, 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 10/27/16
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MORTGAGE INTEREST RATE LOCK ADVISORY October 27, 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
MORTGAGE INTEREST RATE LOCK ADVISORY 10/26/16
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MORTGAGE INTEREST RATE LOCK ADVISORY October 26, 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
MORTGAGE INTEREST RATE LOCK ADVISORY 10/25/16
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MORTGAGE INTEREST RATE LOCK ADVISORY October 25, 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
MORTGAGE INTEREST RATE LOCK ADVISORY 10/24/16
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MORTGAGE INTEREST RATE LOCK ADVISORY October 24, 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 10/21/16
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MORTGAGE INTEREST RATE LOCK ADVISORY October 21, 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 10/20/16
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MORTGAGE INTEREST RATE LOCK ADVISORY October 20, 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 10/19/16
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MORTGAGE INTEREST RATE LOCK ADVISORY October 19, 2016, 8:00 AM PT 1-15 Day Close: Cautiously Float (see below) 16-30 Day Close: Cautiously Float 31-45 Day Close: Cautiously Float Recommendations can change throughout the day. Click… more
MORTGAGE INTEREST RATE LOCK ADVISORY 10/18/16
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MORTGAGE INTEREST RATE LOCK ADVISORY October 18, 2016, 8:00 AM PT 1-15 Day Close: Cautiously Float (see below) 16-30 Day Close: Cautiously Float 31-45 Day Close: Cautiously Float Recommendations can change throughout the day. Click… more
MORTGAGE INTEREST RATE LOCK ADVISORY 10/14/16
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MORTGAGE INTEREST RATE LOCK ADVISORY October 14, 2016, 7:50 AM PT 1-15 Day Close: Cautiously Float (see below) 16-30 Day Close: Cautiously Float 31-45 Day Close: Cautiously Float Recommendations can change throughout the day. Click… more