- REVERSE MORTGAGE (HECM)
- Financial Freedom for Qualified Seniors
- Click for Reverse Mortgage Details
- 1-14 Day Close: LOCK
- 15-30 Day Close: LOCK
- 31-45 Day Close: LOCK
- Recommendations can change throughout the day.
- Freddie Mac Average:30-Yr FRM, Up 0.07% to 3.66% on 4-28-16.
Rate Price Based on 3% MBS, Down -0.01 Point.
DJI Stocks - Currently, $17,717.13, Down ($113.63) -0.64%
Asian & European Stock Market Indexes Down -0.632%
Crude Oil (WTI) - Currently, $46.36, Up $0.33
Gold 1 Ounce - Currently, $1,292.60, Up $25.70
- There are some markets where loans should be locked as soon as possible. This has been one one of those for several weeks.
- As far as inflation, the Fed's benchmark Personal Consumption Expenditures (PCE) moved lower and adds fuel to the Fed waiting game.
- Overall, this morning, U.S. data is mixed and Europe's strong data is still weighing on MBS.
- Fed seems not as concerned about global risks as they were earlier. No Rate Change but policy has more "hawkish" tone. Overall, it opens the door even wider for a potential rate hike which was not currently priced into MBS. As such, this may be negative for pricing.
- The top 20 housing markets for April [Interactive Map]
- CFPB: Top 6 mortgage complaints from consumers
- Regulators to Cut Incentive-Based Pay
- 6 tips for Millennials to improve their credit scores
- Home prices see highest increase since 2007
- Are Stated Income Loans Re-entering the Market?
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
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