- 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
- Average 30-Yr FRM, down 0.05 points to 3.47% on 10-27-16
- Rate Price Based on 3% MBS, down 0.05 Point.
- DJI Stocks - Currently, $18,231.42, Up $61.74 0.34%
- Asian & European Stock Market Indexes up 0.011%
- Crude Oil (WTI) - Currently, $49.39, Down ($0.33)
- Gold 1 Ounce - Currently, $1,274.70, Up $3.50
- Bad News For Rates. Real gross domestic product increased at an annual rate of 2.9 percent in the third quarter of 2016 according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent.
- Advise Locking Today's GDP report and yesterday's large move in Mortgage Backed Securities (MBS) signal increased rates.
- Yesterday's Market: rate prices based on Mortgage Backed Securities (MBS) increased 0.30 point and was more than enough to increase yesterday's rate prices The MBS market experienced high volatility.
- 30-year fixed-rate mortgage (FRM) averaged 3.47 percent with an average 0.6 point for the week ending October 27, 2016, down 5 basis points from 3.52 percent last week. A year ago at this time, the 30-year FRM averaged 3.76 percent.
- Friday AM Brief
- CFPB Warns 44 Mortgage Brokers and Lenders of HMDA Violations
- Housing Demand Surges to Three-Year High
- Fannie and Freddie Lowering Underwriting Barriers
- FINALLY! Justice Department Prepares Suit Against Moodys, Wall Street credit rater.
- Game changer: California is investigating Wells Fargo for identity theft
- Mortgage Brokers are Grabbing a Larger Market Share
- The new normal: National average time to close settles at 46 days
- Reverse mortgages is the hot new retirement planning tool
CONSUMER EDUCATION = CONSUMER PROTECTION
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- 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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