Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 8/26/16

MORTGAGE INTEREST RATE LOCK ADVISORY 8/26/16

MORTGAGE INTEREST RATE LOCK ADVISORY
August 26, 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 -0.11 Point. 
    DJI Stocks - Currently, $18,526.99, Up $78.58 0.42%
    Asian & European Stock Market Indexes Up 0.037%
    Crude Oil (WTI) - Currently, $47.70, Up $0.37
    Gold 1 Ounce - Currently, $1,335.30, Up $11.30
 ______________________________________________________________________________
MARKET REPORTS & ANALYSIS     
  • Rate prices are down after Yellen said the Fed will raise rates.
  • Mortgage rate prices are down slightly this morning. Mortgage rates prices moved up 0.11 point Thursday. This was not 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.
 ______________________________________________________________________________
       
Common Ground
The Olympics remind us that no matter what country we may be from, we all look dumb using an iPad as a camera.

 

Comment balloon 0 commentsBill Ladewig • August 26 2016 08:11AM

Comments

Participate