Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 10/15/15

MORTGAGE INTEREST RATE LOCK ADVISORY 10/15/15

MORTGAGE INTEREST RATE LOCK ADVISORY
October 15, 2015, 8:00 AM PST 
 
LOCK ADVISORY -  Click for current Lock Advice
  • 1-14 Day Close: LOCK
  • 15-30 Day Close: FLOAT With Caution 
  • 31-45 Day Close: FLOAT With Caution 
  • Recommendations can change throughout the day.   
MORTGAGE MARKET INDICATORS -   Click for current Markets
  • Freddie Mac Average:30-Yr FRM, on: 10-15-15: 3.82% 
  • Rate Price Based on 3.5% MBS - Currently, Up 0.17 Point.
  • DJI Stocks - Currently, $17,017.61, Up $92.86
  • Asian & European Stock Market Indexes Up 0.832%
  • Crude Oil (WTI) - Currently, $48.68, Down ($0.47)
  • Gold 1 Ounce - Currently, $1,187.70, Up $4.90
MARKET REPORTS & ANALYSIS     
  • Wednesday's September Retail Sales, Ex Autos, September Headline PPI and Core PPI were all weaker than expected and is generally favorable for rates.
  • The MBS price is again near the middle of a four month trading channel and the short term odds of rates increasing or decreasing is near equal.
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Comment balloon 0 commentsBill Ladewig • October 15 2015 08:03AM

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