Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 9/7/16

MORTGAGE INTEREST RATE LOCK ADVISORY 9/7/16

MORTGAGE INTEREST RATE LOCK ADVISORY
September 7, 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, up 0.03 point at 3.46% on 9-1-16.
    Rate Price Based on 3% MBS, Up 0.01 Point. 
    DJI Stocks - Currently, $18,505.69, Down ($32.43) -0.18% 
    Asian & European Stock Market Indexes Up 0.123% 
    Crude Oil (WTI) - Currently, $44.65, Down ($0.18) 
    Gold 1 Ounce - Currently, $1,346.10, Down ($6.10) 
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MARKET REPORTS & ANALYSIS     
  • Mortgage rates are moving sideways again today. Mortgage rates prices moved down 0.41 point Tuesday. This was enough to increase mortgage rates or fees. The market experienced moderate to low volatility yesterday. 
  • 30-year fixed-rate mortgage (FRM) averaged 3.46 percent with an average 0.5 point for the week ending September 1, 2016, up from last week when it averaged 3.43 percent. A year ago at this time, the 30-year FRM averaged 3.89%. 
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New Math
Just before the final exam in my college finance class, a less than stellar student approached me.
Can you tell me what grade I would need on the exam to pass the course?  He asked.
I gave him the bad news: The exam is worth 100 points. You would need 113 points to earn a D.
OK, he said:  And how many points would I need to get a C?
Comment balloon 1 commentBill Ladewig • September 07 2016 08:12AM

Comments

Good information.  I hope you have a wonderful Hump Day!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) about 4 years ago

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