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

MORTGAGE INTEREST RATE LOCK ADVISORY 1/17/17

MORTGAGE INTEREST RATE LOCK ADVISORY
January 17, 2017, 7:45 AM PT 

  • 1-15 Day Close:   LOCK on Today's Price 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 -0.18 Point. 
  • DJI Stocks - Currently, $19,861.67, Down ($24.06) -0.12%
  • Asian & European Stock Market Indexes Down -0.113%
  • Crude Oil (WTI) - Currently, $52.67, Up $0.30
  • Gold 1 Ounce - Currently, $1,215.90, Up $17.20
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. Lock on price improvements.
  • Tuesday Rate Market.  There is little financial news scheduled today that is expected to move the market one way or the other.
  • Monday's Mortgage Rate Results: The bond markets were closed Monday in honor of Martin Luther King Day.
  • 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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Comment balloon 2 commentsBill Ladewig • January 17 2017 02:59PM

Comments

Through Escondido, CA to telephone (866) 204-9733 Bill LadewigMortgage and Lending.

Posted by Will Nesbitt, Nesbitt Realty is a family-run brokerage. (Nesbitt Realty at Condo Alexandria) over 2 years ago

Will, thanks for your comment.  Best wishes for your record breaking 2017.

Posted by Bill Ladewig, Experience Is Your Advantage (LoanOfficerSchool.com) over 2 years ago

Participate