Bill Ladewig's Blog: January 2016

MORTGAGE INTEREST RATE LOCK ADVISORY 1/29/16

MORTGAGE INTEREST RATE LOCK ADVISORY
January 29, 2016, 8:00 AM PST 
 
FEATURED LOAN
LOCK ADVISORY -  Click for current Lock Advice
  • 1-14 Day Close:  FLOAT
  • 15-30 Day Close: FLOAT 
  • 31-45 Day Close: FLOAT  
  • Recommendations can change throughout the day.   
MORTGAGE MARKET INDICATORS -  Click for current Markets
  • Freddie Mac Average:30-Yr FRM, Down 0.02 point on: 1-28-16 to: 3.79% 
  • Rate Price Based on 3.5% MBS, Down -0.22 Point. 
  • DJI Stocks - Currently, $16,261.26, Up $191.62
  • Asian & European Stock Market Indexes Up 1.6%
  • Crude Oil (WTI) - Currently, $34.70, Up $0.81
  • Gold 1 Ounce - Currently, $1,120.00, Up $1.50
MARKET REPORTS & ANALYSIS     
  • Bank of Japan's shocking move to negative interest rates this morning caused a stampede into U.S. bonds and is great news for pricing.
  • Core Durable Goods Report was much weaker than expected and these results are typically positive mortgage pricing.
  • FOMC: Leaves Key Interset Rate Unchanged: The market is viewing this as telegraphing no rate hike in March and this is generally good for mortgage pricing but this is bascially what was expected and not a shock to the system.
  • January Consumer Confidence 98.1 versus estimate of 96.5. The Consumer Confidence is a very strong reading and under "normal" circumstances would cause mortgage rate prices to worsen. Currently, oil pricing and a pause before the Fed meeting is providing good price support. 
NEWS LINKS
Comment balloon 0 commentsBill Ladewig • January 29 2016 06:14AM
MORTGAGE INTEREST RATE LOCK ADVISORY 1/29/16
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MORTGAGE INTEREST RATE LOCK ADVISORY January 29, 2016, 8:00 AM PST FEATURED LOAN FHA 203K Renovation Mortgage Renovate Purchases and Refinances All You Need To Know About 203K LOCK ADVISORY - Click for current Lock Advice.. more
MORTGAGE INTEREST RATE LOCK ADVISORY 1/28/16
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MORTGAGE INTEREST RATE LOCK ADVISORY January 28, 2016, 7:30 AM PST FEATURED LOAN FHA 203K Renovation Mortgage Renovate Purchases and Refinances All You Need To Know About 203K LOCK ADVISORY - Click for current Lock Advice.. more
MORTGAGE INTEREST RATE LOCK ADVISORY 1/27/16
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MORTGAGE INTEREST RATE LOCK ADVISORY January 27, 2016, 7:45 AM PST FEATURED LOAN FHA 203K Renovation Mortgage Renovate Purchases and Refinances All You Need To Know About 203K LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY January 26, 2016, 7:45 AM PST FEATURED LOAN FHA 203K Renovation Mortgage Renovate Purchases and Refinances All You Need To Know About 203K LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY January 25, 2016, 8:15 AM PST FEATURED LOAN FHA 203K Renovation Mortgage Renovate Purchases and Refinances All You Need To Know About 203K LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY January 22, 2016, 7:45 AM PST FEATURED LOAN FHA 203K Renovation Mortgage Renovate Purchases and Refinances All You Need To Know About 203K LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY January 21, 2016, 8:00 AM PST FEATURED LOAN FHA 203K R enovation Mortgage Renovate Purchases and Refinances All You Need To Know About 203K LOCK ADVISORY - Click for current Lock… more
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MORTGAGE INTEREST RATE LOCK ADVISORY January 20, 2016, 7:45 AM PST FEATURED LOAN FHA 203K Renovation Mortgage Renovate Purchases and Refinances All You Need To Know About 203K LOCK ADVISORY - Click for current Lock Advice.. more
MORTGAGE INTEREST RATE LOCK ADVISORY 1/19/16
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MORTGAGE INTEREST RATE LOCK ADVISORY January 19, 2016, 7:45 AM PST FEATURED LOAN FHA 203K Renovation Mortgage Renovate Purchases and Refinances All You Need To Know About 203K LOCK ADVISORY - Click for current Lock Advice.. more
MORTGAGE INTEREST RATE LOCK ADVISORY 1/18/16
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MORTGAGE INTEREST RATE LOCK ADVISORY January 18, 2016, 8:00 AM PST FEATURED LOAN FHA 203K Renovation Mortgage Renovate Purchases and Refinances All You Need To Know About 203K LOCK ADVISORY - Click for current Lock Advice.. more