- 1-15 Day Close: LOCK
- 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
- Average 30-Yr FRM, Down 0.09 points to 4.12% on 1-12-17
- Rate Price Based on 3.5% MBS, Up 0.22 Point.
- DJI Stocks - Currently, $19,908.01, Up $17.01 0.09%
- Asian & European Stock Market Indexes Up 0.248%
- Crude Oil (WTI) - Currently, $52.59, Down ($0.42)
- Gold 1 Ounce - Currently, $1,197.00, Down ($5.30)
- Rate Lock Advisory. While the overall rate direction remains up it appears we are at the bottom a intermediate move in the upward trading channel
- Friday Rate Market. A mixed bag of news this AM. Most reported data is very close to market expectations, but Retail Sales ex-Autos showed gains but at a slower pace than expected. A slight positive for pricing but by no means enough to get us out of this channel.
- Thursday's Mortgage Rate Results: Mortgage rates based on Mortgage Backed Securities (MBS) closed Up 0.03 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.
- Friday News Brief
- 3 interest rate hikes in 2017? Not a chance
- Mortgage Applications Start 2017 on the Rise
- FHA Cuts Mortgage Insurance Premiums By 0.25%
- Predicting the Path of Mortgage Rates in 2017
- Does Homebuyer Education Lead to Housing Stability?
- 2016 Best Year in a Decade for Housing; 2017 is a Wild Card
- Fannie Mae's Day 1 Certainty verifies Income and Assets in Desktop Underwriter (DU)
- Financial planners warming to reverse mortgages
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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