Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 9/19/16

MORTGAGE INTEREST RATE LOCK ADVISORY 9/19/16

MORTGAGE INTEREST RATE LOCK ADVISORY
September 19, 2016, 8:00 AM PT 
  • 1-14 Day Close:   LOCK 
  • 15-30 Day Close: LOCK 
  • 31-45 Day Close: LOCK 
  • Recommendations can change throughout the day.  
  • Click for current Lock Advice 
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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 0.07 Point. 
  • DJI Stocks - Currently, $18,214.54, Up $90.74 0.5%
  • Asian & European Stock Market Indexes Up 0.793%
  • Crude Oil (WTI) - Currently, $43.97, Up $0.94
  • Gold 1 Ounce - Currently, $1,316.40, Up $7.00 
MARKET REPORTS & ANALYSIS     
  • Mortgage rates continue to move sideways this morning.  Friday, Mortgage rates prices moved down 0.01 point. This was not enough to reduce mortgage rates or fees. The market experienced high 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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A waiter brings the customer the steak he ordered, with his thumb over the meat.
"Are you crazy?" yells the customer. "What's with your hand on my steak?"
"Sorry," answers the waiter, "I don't want it to fall on the floor again."
Comment balloon 0 commentsBill Ladewig • September 19 2016 08:13AM

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