Bill Ladewig's Blog

MORTGAGE INTEREST RATE LOCK ADVISORY 10/7/16

MORTGAGE INTEREST RATE LOCK ADVISORY
October 7, 2016, 7:50 AM PT 
  • 1-15 Day Close:   Cautiously Neutral
  • 16-30 Day Close: Cautiously Neutral
  • 31-45 Day Close: Cautiously Neutral
  • Recommendations can change throughout the day.  
  • Click for current Lock Advice 
_____________________________________________________________________________

 
MORTGAGE MARKET INDICATORS
  • 10-6-16: Average 30-Yr FRM, unchanged at 3.42%.
  • Rate Price Based on 3% MBS, Down -0.02 Point. 
  • DJI Stocks - Currently, $18,253.57, Down ($14.93) -0.08%
  • Asian & European Stock Market Indexes Down -0.255%
  • Crude Oil (WTI) - Currently, $50.26, Down ($0.18)
  • Gold 1 Ounce - Currently, $1,258.10, Up $4.90
 
MARKET REPORTS & ANALYSIS     
  • Cautiously Neutral Lock Advice. The rate market experienced a sharp increase Tuesday and four of the last five days have been increases. The market is now in oversold territory and may be near the end of this move. However, If you remain unlocked be very careful.
  • Mortgage rates Up again Thursday. Yesterday, rate prices were up 0.21 point. This was enough to increase rate fees. The market experienced moderate volatility.
  • 30-year fixed-rate mortgage (FRM) averaged 3.42 percent with an average 0.5 point for the week ending October 6, 2016, unchanged from last week. A year ago at this time, the 30-year FRM averaged 3.76 percent.
  
As For Contracts...
The large print giveth, but the small print taketh away. ~Tom Waits
Comment balloon 0 commentsBill Ladewig • October 07 2016 07:52AM
MORTGAGE INTEREST RATE LOCK ADVISORY 10/7/16
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MORTGAGE INTEREST RATE LOCK ADVISORY October 7, 2016, 7:50 AM PT 1-15 Day Close: Cautiously Neutral 16-30 Day Close: Cautiously Neutral 31-45 Day Close: Cautiously Neutral Recommendations can change throughout the day. Click for… more
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MORTGAGE INTEREST RATE LOCK ADVISORY October 6, 2016, 7:50 AM PT 1-15 Day Close: Cautiously Neutral 16-30 Day Close: Cautiously Neutral 31-45 Day Close: Cautiously Neutral Recommendations can change throughout the day. Click for… more
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MORTGAGE INTEREST RATE LOCK ADVISORY October 1, 2016, 8:15 AM PT 1-14 Day Close: LOCK 15-30 Day Close: LOCK 31-45 Day Close: FLOAT Cautiously Recommendations can change throughout the day. Click for current Lock Advice .. more
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MORTGAGE INTEREST RATE LOCK ADVISORY September 30, 2016, 7:45 AM PT 1-14 Day Close: LOCK 15-30 Day Close: LOCK 31-45 Day Close: FLOAT Cautiously Recommendations can change throughout the day. Click for current Lock Advice .. more
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MORTGAGE INTEREST RATE LOCK ADVISORY September 29, 2016, 8:00 AM PT 1-14 Day Close: LOCK 15-30 Day Close: LOCK 31-45 Day Close: FLOAT Cautiously Recommendations can change throughout the day. Click for current Lock Advice .. more
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MORTGAGE INTEREST RATE LOCK ADVISORY September 28, 2016, 7:45 AM PT 1-14 Day Close: LOCK 15-30 Day Close: LOCK 31-45 Day Close: FLOAT Cautiously Recommendations can change throughout the day. Click for current Lock Advice .. more
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MORTGAGE INTEREST RATE LOCK ADVISORY September 26, 2016, 8:00 AM PT 1-14 Day Close: LOCK 15-30 Day Close: LOCK 31-45 Day Close: FLOAT Cautiously Recommendations can change throughout the day. Click for current Lock Advice .. more
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MORTGAGE INTEREST RATE LOCK ADVISORY September 23, 2016, 7:45 AM PT 1-14 Day Close: LOCK 15-30 Day Close: LOCK 31-45 Day Close: FLOAT Cautiously Recommendations can change throughout the day. Click for current Lock Advice .. more
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MORTGAGE INTEREST RATE LOCK ADVISORY September 22, 2016, 7:45 AM PT 1-14 Day Close: LOCK 15-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day. Click for current Lock Advice .. more