Bill Ladewig's Blog: May 2016

MORTGAGE INTEREST RATE LOCK ADVISORY 5/27/16

MORTGAGE INTEREST RATE LOCK ADVISORY
May 27, 2016, 7:45 AM PST 
 
FEATURED LOANS
LOCK ADVISORY -  Click for current Lock Advice
  • 1-14 Day Close:  LOCK on Price Improvements
  • 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 0.05% to 3.64% on 5-26-16.
    Rate Price Based on 3% MBS, Down -0.04 Point. 
    DJI Stocks - Currently, $17,861.99, Up $33.70 0.19%
    Asian & European Stock Market Indexes Up 0.302%
    Crude Oil (WTI) - Currently, $48.90, Down ($0.58)
    Gold 1 Ounce - Currently, $1,215.60, Down ($7.20) 
MARKET REPORTS & ANALYSIS     
  • Bond Markets will close early today.
  • Thursday, Rate prices dropped 0.23 point.
  • 30-year fixed-rate mortgage (FRM) averaged 3.64 percent with an average 0.5 point for the week ending May 26, 2016, up from last week when it averaged 3.58 percent. A year ago at this time, the 30-year FRM averaged 3.87 percent. 
  • Lock in Uncertain Markets. Mortgage Backed Securities (MBS) have been moving sideways for the past two weeks and the current odds of rates increasing outweigh the odds of a decrease. Mortgag
  • Rate prices and MBS prices run in opposite directions. Rates are up when MBS prices are down.
    Keep an close eye on the MBS market. While MBS yields are up against overhead pressure they could also breakout and if there is a breakout it will be large. 
NEWS LINKS
In Honor
Memorial Day is a federal holiday honoring the people who died while serving in the country's armed forces. But this week news came of a different sort, after 70 years of waiting, WWII 'Memphis Belle' gunner Air Force Master Sgt. Melvin Rector, 94, revisited Britain - and died quietly there. 
"U.S. Air Force Master Sgt. Melvin Rector long carried Britain in his heart after he helped defend it during World War II, but 70 years passed without him stepping foot in the country. The 94-year-old finally decided to leave his home in Barefoot Bay, Fla., to visit Britain earlier this month. Full Story
Comment balloon 1 commentBill Ladewig • May 27 2016 06:12AM
MORTGAGE INTEREST RATE LOCK ADVISORY 5/27/16
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MORTGAGE INTEREST RATE LOCK ADVISORY May 27, 2016, 7:45 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
MORTGAGE RATE LOCK ADVISORY 5/26/16
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MORTGAGE INTEREST RATE LOCK ADVISORY May 26, 2016, 7:45 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
MORTGAGE INTEREST RATE LOCK ADVISORY 5/25/16
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MORTGAGE INTEREST RATE LOCK ADVISORY May 25, 2016, 7:45 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
MORTGAGE INTEREST RATE LOCK ADVISORY 5/24/16
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MORTGAGE INTEREST RATE LOCK ADVISORY May 24, 2016, 7:45 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
MORTGAGE RATE LOCK ADVISORY 5/23/16
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MORTGAGE INTEREST RATE LOCK ADVISORY May 23, 2016, 7:45 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
MORTGAGE INTEREST RATE LOCK ADVISORY 5/20/16
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MORTGAGE INTEREST RATE LOCK ADVISORY May 20, 2016, 7:45 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
MORTGAGE INTEREST RATE LOCK ADVISORY 5/19/16
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MORTGAGE INTEREST RATE LOCK ADVISORY May 19, 2016, 7:45 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
MORTGAGE INTEREST RATE LOCK ADVISORY 5/18/16
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MORTGAGE INTEREST RATE LOCK ADVISORY May 18, 2016, 7:45 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
MORTGAGE INTEREST RATE LOCK ADVISORY 5/17/16
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MORTGAGE INTEREST RATE LOCK ADVISORY May 17, 2016, 8:00 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more
MORTGAGE INTEREST RATE LOCK ADVISORY 5/14/16
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MORTGAGE INTEREST RATE LOCK ADVISORY May 16, 2016, 8:00 AM PST FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock Advice.. more