- 1-15 Day Close: Cautiously Neutral
- 16-30 Day Close: Cautiously Neutral
- 31-45 Day Close: Cautiously Neutral
- Recommendations can change throughout the day.
- Click for current Lock Advice
- 9-29-16: Average 30-Yr FRM, down 0.06 point at 3.42%.
- Rate Price Based on 3% MBS, Up 0.07 Point.
- DJI Stocks - Currently, $18,262.49, Up $94.04 0.51%
- Asian & European Stock Market Indexes Up 0.239%
- Crude Oil (WTI) - Currently, $49.56, Up $0.87
- Gold 1 Ounce - Currently, $1,271.80, Up $1.90
- Cautiously Neutral Lock Advice. The rate market experienced a sharp increase yesterday and four of the last five days have been increases. The market is now in oversold territory may be near the end of this move. However, If you remain unlocked be very careful.
- Mortgage rates much Higher again Tuesday. Yesterday, rate prices were up 0.34 point. This was enough to increase rate fees. The market experienced high volatility.
- Today's news is VERY negative for pricing. September ISM Non Manufacturing (Services) 57.1 versus estimated 53.0. This is a block buster reading in ISM.
- 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.
- Wednesday AM Brief
- Shortage of real estate appraisers is hurting the housing market
- Brother and Sister in court over mortgage fraud
- The Week Ahead: Job Situation May Recovered
- The new normal: National average time to close settles at 46 days
- FHA Condo Relief Coming: President Signs Bill
- Reverse mortgages is the hot new retirement planning tool
CONSUMER EDUCATION = CONSUMER PROTECTION
- Rates and Points Explained
- FHA 203k Renovation Mortgage - Video
- Energy Efficient Mortgages - Video
- What You Should Know About APR
- How To Shop for Mortgage Rates.
- Beware of Misleading Lender Advertising
- Education is the best consumer protection
Real Estate & Mortgage Broker
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