Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 1/23/17

MORTGAGE INTEREST RATE LOCK ADVISORY 1/23/17

MORTGAGE INTEREST RATE LOCK ADVISORY
January 23, 2017, 7:45 AM PT 

  • 1-15 Day Close:   FLOAT With Caution
  • 16-30 Day Close: LOCK
  • 31-45 Day Close: LOCK
  • Recommendations can change throughout the day.  
  • Click for current Lock Advice 
MARKET INDICATORS
  • Average 30-Yr FRM, Down 0.03 points to 4.09% on 1-19-17
  • Rate Price Based on 3.5% MBS, Down -0.37 Point. 
  • DJI Stocks - Currently, $19,750.40, Down ($76.85) -0.39%
  • Asian & European Stock Market Indexes Up 0.031%
  • Crude Oil (WTI) - Currently, $52.49, Down ($0.73)
  • Gold 1 Ounce - Currently, $1,219.00, Up $11.30
MARKET REPORTS & ANALYSIS    
  • Rate Lock Advisory. Watch the MBS market carefully for a short term pullback after a three day sharp upward move. Last week Mortgage rates broke though a technical support level which indicates their overall direction is still up.
  • Monday Rate Market. Two year bonds will go on sale at 11:00 AM PT. 
  • Friday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed Down 0.08 Point
  • 30-year fixed-rate mortgage (FRM) averaged 4.09 percent with an average 0.5 point for the week ending Jan. 19, 2017, down from last week when it averaged 4.12 percent. A year ago at this time, the 30-year FRM averaged 3.81 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 23 2017 02:56PM

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