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

MORTGAGE INTEREST RATE LOCK ADVISORY 9/9/16

MORTGAGE INTEREST RATE LOCK ADVISORY
September 9, 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, down 0.02 point at 3.44% on 9-8-16.
  • Rate Price Based on 3% MBS, Up 0.27 Point. 
  • DJI Stocks - Currently, $18,288.98, Down ($190.93) -1.04%
  • Asian & European Stock Market Indexes Down -0.745%
  • Crude Oil (WTI) - Currently, $46.40, Down ($1.22)
  • Gold 1 Ounce - Currently, $1,335.40, Down ($4.30)
MARKET REPORTS & ANALYSIS     
  • Mortgage rates up again today.  Mortgage rates prices moved up 0.16 point Thursday. This was enough for a small increase mortgage rates or fees. The market experienced moderate to low volatility yesterday. 
  • 30-year fixed-rate mortgage (FRM) averaged 3.44 percent with an average 0.6 point for the week ending September 8, 2016, down from last week when it averaged 3.46 percent. A year ago at this time, the 30-year FRM averaged 3.90 percent.
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Mama's Best Gift
 
Four brothers left home for college, and they became successful doctors and lawyers and financiers.
 
One evening, they chatted after having dinner together. They discussed the 95th birthday gifts they were able to give their elderly mother who moved to Florida.
 
The first said, "You know I had a big house built for Mama."
 
The second said, "And I had a large theatre built in the house."
 
The third said, "And I had my Mercedes dealer deliver an SL600 to her."
 
The fourth said, "You know how Mama loved reading the Bible and you know she can't read anymore because she can't see very well. I met this preacher who told me about a parrot who could recite the entire Bible. It took ten preachers almost 8 years to teach him. I had to pledge to contribute $50,000 a year for five years to the church, but it was worth it Mama only has to name the chapter and verse, and the parrot will recite it."
 
The other brothers were impressed. After the celebration Mama sent out her "Thank You" notes.
She wrote: Milton, the house you built is so huge that I live in only one room, but I have to clean the whole house. Thanks anyway."
 
"Marvin, I am too old to travel. I stay home; I have my groceries delivered, so I never use the Mercedes. The thought was good. Thanks."
 
"Michael, you gave me an expensive theatre with Dolby sound and it can hold 50 people, but all of my friends are dead, I've lost my hearing, and I'm nearly blind. I'll never use it. Thank you for the gesture just the same."
 
"Dearest Melvin, you were the only son to have the good sense to give a little thought to your gift. The chicken was delicious Thank you so much."
 
Love, Mama     
Comment balloon 0 commentsBill Ladewig • September 09 2016 06:53AM

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