Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 9/28/16

MORTGAGE INTEREST RATE LOCK ADVISORY 9/28/16

MORTGAGE INTEREST RATE LOCK ADVISORY
September 28, 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
  • Weekly Average 30-Yr FRM, down 0.02 point at 3.48% on 9-22-16.
  • Rate Price Based on 3% MBS, Down -0.03 Point. 
  • DJI Stocks - Currently, $18,227.99, Down ($0.31) 0%
  • Asian & European Stock Market Indexes Down -0.105%
  • Crude Oil (WTI) - Currently, $45.55, Up $0.88
  • Gold 1 Ounce - Currently, $1,324.70, Down ($4.70) 
MARKET REPORTS & ANALYSIS     
  • Short term closings... Lock in the sixth day of improvements.
  • Mortgage prices Improved again yesterday. Tuesday, mortgage prices improved 0.05 point. This was not enough to change mortgage rates or fees. The market experienced moderate volatility. 
  • September Consumer Confidence 104.10 versus estimated 99.8. This is a very robust reading and generally negative for pricing
  • 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. 
      
I changed my password everywhere to 'incorrect.' 
That way when I forget it, it always reminds me, 'Your password is incorrect.'
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Comment balloon 0 commentsBill Ladewig • September 28 2016 07:42AM

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