Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 10/16/15

MORTGAGE INTEREST RATE LOCK ADVISORY 10/16/15

MORTGAGE INTEREST RATE LOCK ADVISORY
October 16, 2015, 8:00 AM PST 
 
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 -   Click for current Markets
  • Freddie Mac Average:30-Yr FRM, on: 10-15-15: 3.82% 
  • Rate Price Based on 3.5% MBS - Currently, Down -0.14 Point.
  • DJI Stocks - Currently, $17,160.96, Up $19.21
  • Asian & European Stock Market Indexes Up 0.263% 
  • Crude Oil (WTI) - Currently, $49.45, Down ($0.28)
  • Gold 1 Ounce - Currently, $1,185.90, Down ($4.60)
     
MARKET REPORTS & ANALYSIS     
  • Friday's September Industrial Production and Capacity Utilzation reports are bascilly in line with expectations, Cap Util is showing a little strength but Industrial Production showing a downward trend. Generally, this is supportive of our pricing levels and not a catalyst towards better pricing. 
  • The MBS price is continues 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 16 2015 08:06AM

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