Bill Ladewig's Blog

MORTGAGE INTEREST RATE LOCK ADVISORY 9/21/16

MORTGAGE INTEREST RATE LOCK ADVISORY
September 21, 2016, 8:00 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 
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 & CONTINUING EDUCATION
I'm pleased to have been invited to be a LOAN OFFICER SCHOOL Instructor
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MORTGAGE MARKET INDICATORS
  • Weekly Average 30-Yr FRM, up 0.06 point at 3.50% on 9-15-16.
  • Rate Price Based on 3% MBS, Unchanged 0 Point. 
  • DJI Stocks - Currently, $18,184.78, Up $54.82 0.3%
  • Asian & European Stock Market Indexes Up 0.529%
  • Crude Oil (WTI) - Currently, $43.44, Up $0.14
  • Gold 1 Ounce - Currently, $1,328.50, Up $11.10 
MARKET REPORTS & ANALYSIS     
  • Mortgage rates continue to move sideways this morning.  Tuesday, Mortgage rates prices moved down 0.11 point. This was not enough to increase mortgage rates or fees. The market experienced high volatility. 
  • 30-year fixed-rate mortgage (FRM) averaged 3.50 percent with an average 0.5 point for the week ending September 15, 2016, up from last week when it averaged 3.44 percent. A year ago at this time, the 30-year FRM averaged 3.91 percent.
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Einstein's Relativity Explained
When you are courting a nice girl an hour seems like a second. 
When you sit on a red-hot cinder a second seems like an hour. 
That's relativity. Albert Einstein
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Comment balloon 0 commentsBill Ladewig • September 21 2016 08:20AM
MORTGAGE INTEREST RATE LOCK ADVISORY 9/21/16
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