Bill Ladewig's Blog: September 2016

MORTGAGE INTEREST RATE LOCK ADVISORY 9/29/16

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 
_____________________________________________________________________________

 
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.
      
I changed my password everywhere to 'incorrect.' 
That way when I forget it, it always reminds me, 'Your password is incorrect.'
Comment balloon 0 commentsBill Ladewig • September 29 2016 08:00AM
MORTGAGE INTEREST RATE LOCK ADVISORY 9/29/16
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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 .. more
MORTGAGE INTEREST RATE LOCK ADVISORY 9/28/16
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MORTGAGE INTEREST RATE LOCK ADVISORY September 28, 2016, 7:45 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 .. more
MORTGAGE INTEREST RATE LOCK ADVISORY 9/26/16
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MORTGAGE INTEREST RATE LOCK ADVISORY September 26, 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 .. more
MORTGAGE INTEREST RATE LOCK ADVISORY 9/23/16
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MORTGAGE INTEREST RATE LOCK ADVISORY September 23, 2016, 7:45 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 .. more
MORTGAGE INTEREST RATE LOCK ADVISORY 9/22/16
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MORTGAGE INTEREST RATE LOCK ADVISORY September 22, 2016, 7:45 AM PT 1-14 Day Close: LOCK 15-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day. Click for current Lock Advice .. more
MORTGAGE INTEREST RATE LOCK ADVISORY 9/21/16
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MORTGAGE INTEREST RATE LOCK ADVISORY September 21, 2016, 8:00 AM PT 1-14 Day Close: LOCK 15-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day. Click for current Lock Advice .. more
MORTGAGE INTEREST RATE LOCK ADVISORY 9/19/16
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MORTGAGE INTEREST RATE LOCK ADVISORY September 19, 2016, 8:00 AM PT 1-14 Day Close: LOCK 15-30 Day Close: LOCK 31-45 Day Close: LOCK Recommendations can change throughout the day. Click for current Lock Advice .. more
MORTGAGE INTEREST RATE LOCK ADVISORY 9/16/16
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MORTGAGE INTEREST RATE LOCK ADVISORY September 16, 2016, 8:00 AM PT 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… more
MORTGAGE INTEREST RATE LOCK ADVISORY 9/15/16
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MORTGAGE INTEREST RATE LOCK ADVISORY September 15, 2016, 8:00 AM PT 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… more
MORTGAGE INTEREST RATE LOCK ADVISORY 9/14/16
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MORTGAGE INTEREST RATE LOCK ADVISORY September 14, 2016, 8:00 AM PT LOCK ADVISORY - Click for current Lock Advice 1-14 Day Close: LOCK on Rebound 15-30 Day Close: LOCK on Rebound 31-45 Day Close: LOCK on Rebound.. more