Bill Ladewig's Blog: April 2016

MORTGAGE INTEREST RATE LOCK ADVISORY 4/29/16

MORTGAGE INTEREST RATE LOCK ADVISORY
April 29, 2016, 8:00 AM PST 
 
FEATURED LOAN
LOCK ADVISORY -  Click for current Lock Advice
  • 1-14 Day Close:  LOCK 
  • 15-30 Day Close: LOCK
  • 31-45 Day Close: LOCK
  • Recommendations can change throughout the day.   
MORTGAGE MARKET INDICATORS -
  • 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
MARKET REPORTS & ANALYSIS     
  • 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.
NEWS LINKS
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The teenager lost a contact lens while playing basketball in his driveway. After a brief, fruitless search, he gave up. His mother took up the cause and within minutes found the lens.
"How did you do that?" he asked.
"We weren't looking for the same thing," she explained. "You were looking for a small piece of plastic. I was looking for $150."
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No man succeeds without a good woman behind him. Wife or mother, 
if it is both, he is twice blessed indeed. Godfrey Winn
Comment balloon 0 commentsBill Ladewig • April 29 2016 07:51AM
MORTGAGE INTEREST RATE LOCK ADVISORY 4/29/16
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MORTGAGE INTEREST RATE LOCK ADVISORY April 29, 2016, 8:00 AM PST FEATURED LOAN REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY April 28, 2016, 7:30 AM PST FEATURED LOAN REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
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MORTGAGE INTEREST RATE LOCK ADVISORY April 14, 2016, 8:10 AM PST FEATURED LOAN REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more