Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 9/23/16

MORTGAGE INTEREST RATE LOCK ADVISORY 9/23/16

MORTGAGE INTEREST RATE LOCK ADVISORY
September 23, 2016, 7:45 AM PT 
  • 1-14 Day Close:   LOCK 
  • 15-30 Day Close: LOCK 
  • 31-45 Day Close: FLOAT Cautiously
  • Recommendations can change throughout the day.  
  • Click for current Lock Advice 
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MORTGAGE MARKET INDICATORS
  • Rate Price Based on 3% MBS, Up 0.02 Point. 
  • DJI Stocks - Currently, $18,342.74, Down ($49.72) -0.27%
  • Asian & European Stock Market Indexes Down -0.18%
  • Crude Oil (WTI) - Currently, $46.11, Down ($0.21)
  • Gold 1 Ounce - Currently, $1,341.90, Down ($1.60)
MARKET REPORTS & ANALYSIS     
  • Mortgage rates Improved sharply this week. 
    Short term closings... Lock the improvement . Thursday, mortgage rates prices improved 0.29 point. This was enough to improve 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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Comment balloon 0 commentsBill Ladewig • September 23 2016 07:25AM

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