- 1-14 Day Close: FLOAT With Caution
- 15-30 Day Close: FLOAT With Caution
- 31-45 Day Close: FLOAT With Caution
- Recommendations can change throughout the day.
- Freddie Mac Average:30-Yr FRM, down 0.03 point on: 10-29-15 :3.76%
- Rate Price Based on 3.5% MBS - Currently, Down -0.12 Point.
- DJI Stocks - Currently, $17,753.36, Down ($2.44)
- Asian & European Stock Market Indexes Down -0.022%
- Crude Oil (WTI) - Currently, $49.01, Up $0.21
- Gold 1 Ounce - Currently, $1,143.70, Down ($6.20)
- Today's October Chicago PMI 56.2 is a blockbuster move and breaks out of that weak trend of sub-50 readings. Generally, this is negative for pricing
- Thursday's Jobs Report was better than expected and continues a nice trend, the GDP data was is a little weaker. but very close to market expectations.
- Wednesday the FOMC put off a rate change until possibly December and price for rates increased 0.41 point. Readers recieved an Alert at 11:00 AM.
- The MBS price remains stuck near the middle of a four month trading channel and the short term odds of rates increasing or decreasing are near equal.
- Friday AM Brief
- GDP Growth Slows in Q3, But Forecast to Have Neutral Effect on Housing
- Nonbank Market Share of Mortgages Sees Substantial Increase
- Housing Market Improves Amid Favorable Conditions
- Builder confidence back to boom levels
- Fannie Mae lowers mortgage risk with new credit scoring system
- Reverse Mortgages Can Be A Retiree's Saving Grace
- The Next Three Months: Best Time to Buy
- A 'Secret' Money-Saving Home Insurance Option?
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
Real Estate & Mortgage Broker
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