MORTGAGE INTEREST RATE LOCK ADVISORY
September 29, 2016, 8:00 AM PT
- 1-14 Day Close: LOCK
- 15-30 Day Close: LOCK
- 31-45 Day Close: FLOAT Cautiously
- Recommendations can change throughout the day.
- Click for current Lock Advice
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MORTGAGE MARKET INDICATORS
- Weekly Average 30-Yr FRM, down 0.06 point at 3.42% on 9-29-16.
Rate Price Based on 3% MBS, Up 0.01 Point.
DJI Stocks - Currently, $18,324.52, Down ($14.72) -0.08%
Asian & European Stock Market Indexes Up 0.39%
Crude Oil (WTI) - Currently, $47.14, Up $0.09
Gold 1 Ounce - Currently, $1,320.80, Down ($2.10)
MARKET REPORTS & ANALYSIS
- Mortgage rates open Higher again today. Wednesday, mortgage prices increased 0.13 point. This was enough to incrase mortgage rate fees. The market experienced moderate volatility.
- Another round of very strong jobs data and the GDP was revised higher than expected. Neither of these data sets have much weight but combined, they are negative for pricing.
- 30-year fixed-rate mortgage (FRM) averaged 3.42 percent with an average 0.5 point for the week ending September 29, 2016, down from last week when it averaged 3.48 percent. A year ago at this time, the 30-year FRM averaged 3.85 percent.
NEWS LINKS
- Thursday AM Brief
- Home Values Rise Higher in August
- The new normal: National average time to close settles at 46 days
- GSEs to raise conforming loan limits in 2017?
- Mortgage Rates and Applications Up
- FHA Loans : Still The Best Choice For Many Home Buyers
- FHA Condo Relief Coming: President Signs Bill
- Reverse mortgages is the hot new retirement planning tool
I changed my password everywhere to 'incorrect.'
That way when I forget it, it always reminds me, 'Your password is incorrect.'
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
Bill Ladewig
Real Estate & Mortgage Broker
866.204.9733 Office
760.685.0480 Cell
BRE: 00968137
NMLS: 291249
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