MORTGAGE INTEREST RATE LOCK ADVISORY
February 7, 2017, 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
MARKET INDICATORS
- Average 30-Yr FRM, Unchanged 4.19% on 2-2-17
Rate Price Based on 3.5% MBS, Up 0.06 Point.
DJI Stocks - Currently, $20,129.61, Up $77.19 0.38%
Asian & European Stock Market Indexes Up 0.051%
Crude Oil (WTI) - Currently, $52.26, Down ($0.75)
Gold 1 Ounce - Currently, $1,235.20, Up $2.50
MARKET REPORTS
- Rate Lock Advisory. Presently the Rate market is moving sideways and could go in either direction. Best to lock in uncertain markets.
- Tuesday Market: There is no news scheduled today or tomorrow that is expected to move rates one way or the other.
- Monday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed down 0.35 point.
- 30-year fixed-rate mortgage (FRM) averaged 4.19 percent with an average 0.5 point for the week ending Feb. 2, 2017, unchanged from last week. A year ago at this time, the 30-year FRM averaged 3.72 percent.
Mortgage Law Expert: CFPB Hangs in the Balance- The Week Ahead: Consumer Sentiment on the Rise
- Democratic lawmakers join battle between CFPB and PHH
- Low Inventory Drives the Hottest U.S. Markets
- Debating the Merits of GOP's Dodd-Frank Alternative
- Mortgage Applications Start 2017 on the Rise
- Financial planners warming to reverse mortgages
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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.
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
Bill Ladewig
Real Estate & Mortgage Broker
866.204.9733 Office
760.685.0480 Cell
BRE: 00968137
NMLS: 291249
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