Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 9/30/16

MORTGAGE INTEREST RATE LOCK ADVISORY 9/30/16

 
MORTGAGE INTEREST RATE LOCK ADVISORY
September 30, 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 
__________________________________________________________________________________________

 
MORTGAGE MARKET INDICATORS
  • Weekly Average 30-Yr FRM, down 0.06 point at 3.42% on 9-29-16.
    Rate Price Based on 3% MBS, Up 0.06 Point. 
    DJI Stocks - Currently, $18,246.55, Up $103.10 0.57%
    Asian & European Stock Market Indexes Down -0.46%
    Crude Oil (WTI) - Currently, $48.04, Up $0.21
    Gold 1 Ounce - Currently, $1,324.40, Down ($0.80)
     
MARKET REPORTS & ANALYSIS     
  • Mortgage rates open Higher again today. Thursday morning rates were up slightly however by afternoon, mortgage prices lowered 0.04 point. This was not enough to increase mortgage rate fees. The market experienced moderate volatility. 
  • Another round of very strong jobs data and the GDP was revised higher than expected. Neither of these data sets have much weight but combined, they are negative for pricing. 
  • 30-year fixed-rate mortgage (FRM) averaged 3.42 percent with an average 0.5 point for the week ending September 29, 2016, down from last week when it averaged 3.48 percent. A year ago at this time, the 30-year FRM averaged 3.85 percent.
      Morning Wish
 
Give me coffee to change the things I can change and WINE to accept the things I can't.
Comment balloon 0 commentsBill Ladewig • September 30 2016 07:52AM

Comments

Participate