Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 1/16/17

MORTGAGE INTEREST RATE LOCK ADVISORY 1/16/17

MORTGAGE INTEREST RATE LOCK ADVISORY
January 16, 2017, 7:45 AM PT 

Bond Markets are Closed Monday in Honor of Martin Luther King
  • 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 
MARKET INDICATORS
  • Average 30-Yr FRM, Down 0.09 points to 4.12% on 1-12-17
  • Rate Price Based on 3.5% MBS, Closed Friday Up 0.28 Point.
  • DJI Stocks - Closed Friday, $19,885.73, Down ($5.27) -0.03%
  • Asian & European Stock Market Indexes Down -0.315%
  • Crude Oil (WTI) - Currently, $52.26, Down ($0.11)
  • Gold 1 Ounce - Currently, $1,205.80, Up $7.10
MARKET REPORTS & ANALYSIS    
  • 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
  • Monday Rate Market. Stock and Bond Markets are closed Monday in honor of Martin Luther King.
  • Friday's Mortgage Rate Results: Mortgage rates based on Mortgage Backed Securities (MBS) closed Up 0.28  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.
 
 
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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 16 2017 02:57PM

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