Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 1/18/17

MORTGAGE INTEREST RATE LOCK ADVISORY 1/18/17

MORTGAGE INTEREST RATE LOCK ADVISORY
January 18, 2017, 8:00 AM PT 

  • 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, Up 0.21 Point.
  • DJI Stocks - Currently, $19,808.79, Down ($17.98) -0.09%
  • Asian & European Stock Market Indexes Up 0.057%
  • Crude Oil (WTI) - Currently, $51.31, Down ($1.17)
  • Gold 1 Ounce - Currently, $1,217.90, Up $2.40
MARKET REPORTS & ANALYSIS    
  • Rate Lock Advisory. Rates based on the MBS market have entered neutral territory where they could go up or down from here. Given the Fed's intention to raise rates the odds favor increased rates.
  • Wednesday Rate Market. December Consumer Price Index (CPI) was as estimated, not a major factor in today's pricing.
  • Tuesday's Mortgage Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed Down 0.26 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 18 2017 03:24PM

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