Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 9/22/16

MORTGAGE INTEREST RATE LOCK ADVISORY 9/22/16

MORTGAGE INTEREST RATE LOCK ADVISORY
September 22, 2016, 7:45 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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MORTGAGE MARKET INDICATORS
  • Weekly Average 30-Yr FRM, down 0.02 point at 3.48% on 9-22-16.
  • Rate Price Based on 3% MBS, Down -0.28 Point.
  • DJI Stocks - Currently, $18,435.60, Up $141.90 0.77%
  • Asian & European Stock Market Indexes Up 1.158%
  • Crude Oil (WTI) - Currently, $46.24, Up $0.90
  • Gold 1 Ounce - Currently, $1,341.00, Up $10.90
MARKET REPORTS & ANALYSIS     
  • Mortgage rates down again this morning.  Based on the uncertain market it would be a good idea to lock on the improvement.  Wednesday, Mortgage rates prices moved down 0.21 point. This was enough to increase mortgage rates or fees. The market experienced high volatility. 
  • 30-year fixed-rate mortgage (FRM) averaged 3.48 percent with an average 0.6 point for the week ending September 22, 2016, down from last week when it averaged 3.50 percent. A year ago at this time, the 30-year FRM averaged 3.86 percent.  
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the speaker comes on with an important message for passengers.
"Ladies and Gentlemen, we are introducing you today to the latest and newest aviation advancement in history. This plane is flying without a pilot or co-pilot. It is controlled by way of radio from the ground. Sit back and relax and enjoy your flight. Be assured that absolutely nothing can go wrong, absolutely nothing can go wrong, absolutely nothing can go wrong, absolutely nothing can go wrong..." 
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Comment balloon 0 commentsBill Ladewig • September 22 2016 07:49AM

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