- REVERSE MORTGAGE (HECM)
- Financial Freedom for Qualified Seniors
- Click for Reverse Mortgage Details
- 1-14 Day Close: LOCK
- 15-30 Day Close: FLOAT
- 31-45 Day Close: FLOAT
- Recommendations can change throughout the day.
- Weekly Average 30-Yr FRM, Up 0.02% to 3.56% on 6-23-16.
Rate Price Based on 3% MBS, Unchanged 0 Point.
DJI Stocks - Currently, $17,569.19, Up $159.47 0.91%
Asian & European Stock Market Indexes Up 1.129%
Crude Oil (WTI) - Currently, $48.90, Up $1.05
Gold 1 Ounce - Currently, $1,328.20, Up $10.80
Rates Currently Trending: Neutral
Mortgage rates are slightly down again today. The MBS market was off .04 Point yesterday. This was not enough to move mortgage rates or fees. The market experienced moderate volatility yesterday.
- Monday MBS prices blasted through a six month price barrier on the EU news, signaling a possible trend for lower rates.
- MBS = Mortgage Backed Securities and MBS moves opposite mortgage rates. So, MBS prices moving up is a good sign.
- Fannie and Freddie are gouging home buyers with add-on fees
- Brexit vote results revealed moments ago
- Yellen: Low Rates Will Be With Us
- Updated Desktop Underwriter (DU) coming soon after unexpected delay,
- The 50 'Safest Cities' in California
- Reverse mortgages may be the hot new retirement planning too
- Renovation loans allow more people to buy homes
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
Real Estate & Mortgage Broker
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