Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 9/26/16

MORTGAGE INTEREST RATE LOCK ADVISORY 9/26/16

MORTGAGE INTEREST RATE LOCK ADVISORY
September 26, 2016, 8:00 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
  • Weekly Average 30-Yr FRM, down 0.02 point at 3.48% on 9-22-16.
  • Rate Price Based on 3% MBS, Down -0.11 Point. 
  • DJI Stocks - Currently, $18,141.02, Down ($120.43) -0.66%
  • Asian & European Stock Market Indexes Down -0.888%
  • Crude Oil (WTI) - Currently, $46.05, Up $1.57
  • Gold 1 Ounce - Currently, $1,343.50, Up $3.10
 
MARKET REPORTS & ANALYSIS     
  • Mortgage rates Improved sharply last week. 
    Short term closings... Lock the improvement.  Friday, mortgage rates prices improved 0.04 point. This was not 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 26 2016 08:16AM

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