Bill Ladewig's Blog: August 2016

MORTGAGE INTEREST RATE LOCK ADVISORY 8/29/16

 
MORTGAGE INTEREST RATE LOCK ADVISORY
August 29, 2016, 8:00 AM PT 
 
FEATURED LOANS

LOCK ADVISORY -
  Click for current Lock Advice
  • 1-14 Day Close:   FLOAT With Caution
  • 15-30 Day Close: FLOAT With Caution
  • 31-45 Day Close: FLOAT With Caution
  • Recommendations can change throughout the day.   
MORTGAGE MARKET INDICATORS
  • Weekly Average 30-Yr FRM, Unchanged at 3.43% on 8-25-16.
    Rate Price Based on 3% MBS, Down -0.12 Point. 
    DJI Stocks - Currently, $18,497.37, Up $101.97 0.55%
    Asian & European Stock Market Indexes Up 0.007%
    Crude Oil (WTI) - Currently, $46.72, Down ($0.92)
    Gold 1 Ounce - Currently, $1,324.60, Down ($0.70)
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MARKET REPORTS & ANALYSIS     
  • All this morning's financial data was basically what the market expected but but some June data was revised higher. Basically, you have some strong Income growth here. Overall this is neutral to a tad negative for pricing.
  • Mortgage rate prices are down slightly early this morning. Mortgage rates prices moved up 0.21 point Friday. This was enough to increase mortgage rates or fees. The market experienced moderate to low volatility yesterday.
  • 30-year fixed-rate mortgage (FRM) averaged 3.43 percent with an average 0.5 point for the week ending August 18, 2016, down from last week when it averaged 3.45 percent. A year ago at this time, the 30-year FRM averaged 3.93 percent.
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On kids and marriage, kinda
A happily married man had only one complaint: his wife was always nursing sick birds.
One cold evening, he came home to find a raven with a splint on its beak sitting in his favorite chair.
On the dining room table there was a feverish eagle pecking at an aspirin while in the kitchen his wife was comforting a cold, shivering little wren that she found.
The furious spouse strode over to where his wife was toweling down the cold little bird.
"I can't take it anymore! We've got to get rid of all of these darn..."
The wife held up her hand to cut him off in mid-curse. "Please dear," she said, "not in front of the chilled wren."
Comment balloon 0 commentsBill Ladewig • August 29 2016 08:04AM
MORTGAGE INTEREST RATE LOCK ADVISORY 8/29/16
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MORTGAGE INTEREST RATE LOCK ADVISORY August 23, 2016, 8:00 AM PT FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock… more
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MORTGAGE INTEREST RATE LOCK ADVISORY August 22, 2016, 7:50 AM PT FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock… more
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MORTGAGE INTEREST RATE LOCK ADVISORY August 19, 2016, 8:00 AM PT FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock… more
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MORTGAGE INTEREST RATE LOCK ADVISORY August 18, 2016, 8:00 AM PT FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock… more
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MORTGAGE INTEREST RATE LOCK ADVISORY August 17, 2016, 8:00 AM PT FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock… more
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MORTGAGE INTEREST RATE LOCK ADVISORY August 16, 2016, 8:00 AM PT FEATURED LOANS REVERSE MORTGAGE (HECM) Financial Freedom for Qualified Seniors Click for Reverse Mortgage Details LOCK ADVISORY - Click for current Lock… more