Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 1/12/17

MORTGAGE INTEREST RATE LOCK ADVISORY 1/12/17

MORTGAGE INTEREST RATE LOCK ADVISORY
January 12, 2017, 7:45 AM PT 
  • 1-15 Day Close:   LOCK Today's Rate Improvement.
  • 16-30 Day Close: FLOAT With Caution
  • 31-45 Day Close: FLOAT With Caution
  • Recommendations can change throughout the day.  
  • Click for current Lock Advice 
MARKET INDICATORS
  • Average 30-Yr FRM, Down 0.09 points to 4.12% on 1-12-17
  • Rate Price Based on 3.5% MBS, Down -0.26 Point. 
  • DJI Stocks - Currently, $19,806.65, Down ($147.63) -0.75%
  • Asian & European Stock Market Indexes Up 0.278%
  • Crude Oil (WTI) - Currently, $53.28, Up $1.03
  • Gold 1 Ounce - Currently, $1,203.70, Up $4.80
MARKET REPORTS & ANALYSIS    
  • Rate Lock Advisory. Continue to lock on price improvements. Although technical indicators are beginning to show signs of rates changing direction for the better.
  • Thursday Rate Market. More strong jobs data but no sign of inflation from overseas as our Import prices were about half of market expectations. A negative for rates
  • Wednesday's Mortgage Rate Results: Mortgage rates based on Mortgage Backed Securities (MBS) closed down 0.11 point.
  • 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.5 point for the week ending January 12, 2017, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 3.92 percent.
     
 
If you don't think every day is a good day, just try missing one. ~ Cavett Robert 
____________________________________________________________________
 
Cyber criminals are hacking email accounts and sending emails with fake wiring instructions. These emails are convincing and sophisticated. Always independently confirm wiring instructions in person or via a telephone call to a trusted and verified phone number. Never wire money without double-checking that the wiring instructions are correct.
Comment balloon 0 commentsBill Ladewig • January 12 2017 03:27PM

Comments

Participate