Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 9/15/16

MORTGAGE INTEREST RATE LOCK ADVISORY 9/15/16

MORTGAGE INTEREST RATE LOCK ADVISORY
September 15, 2016, 8:00 AM PT 
 
LOCK ADVISORY -
  Click for current Lock Advice
  • 1-14 Day Close:   LOCK 
  • 15-30 Day Close: LOCK 
  • 31-45 Day Close: LOCK 
  • Recommendations can change throughout the day.   
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FEATURED LOAN
REVERSE MORTGAGE (HECM)
Financial Freedom for Qualified Seniors
 
 
 
 
MORTGAGE MARKET INDICATORS
  • Weekly Average 30-Yr FRM, up 0.06 point at 3.50% on 9-15-16.
  • Rate Price Based on 3% MBS, Up 0.02 Point.
  • DJI Stocks - Currently, $18,095.79, Up $61.02 0.34%
  • Asian & European Stock Market Indexes Down -0.056%
  • Crude Oil (WTI) - Currently, $43.44, Down ($0.14)
  • Gold 1 Ounce - Currently, $1,315.90, Down ($9.40)
MARKET REPORTS & ANALYSIS     
  • Today's Retail Sales data was much weaker than expected and is a slight positive for rates.
  • Mortgage rates are up slightly this AM. Wednesday, Mortgage rates prices moved down 0.26 point. This was enough to reduce mortgage rates or fees. The market experienced moderate volatility. 
  • 30-year fixed-rate mortgage (FRM) averaged 3.50 percent with an average 0.5 point for the week ending September 15, 2016, up from last week when it averaged 3.44 percent. A year ago at this time, the 30-year FRM averaged 3.91 percent.
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Comment balloon 0 commentsBill Ladewig • September 15 2016 07:55AM

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