Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 1/25/17

MORTGAGE INTEREST RATE LOCK ADVISORY 1/25/17

MORTGAGE INTEREST RATE LOCK ADVISORY
January 25, 2017, 7:45 AM PT 

MARKET INDICATORS
  • Average 30-Yr FRM, Down 0.03 points to 4.09% on 1-19-17
  • Rate Price Based on 3.5% MBS, Up 0.17 Point.
  • DJI Stocks - Currently, $20,050.88, Up $138.17 0.69%
  • Asian & European Stock Market Indexes Up 0.776%
  • Crude Oil (WTI) - Currently, $52.80, Down ($0.38)
  • Gold 1 Ounce - Currently, $1,200.50, Down ($13.10)
MARKET REPORTS & ANALYSIS    
  • Rate Lock Advisory. Rate direction is moving up again this morning, 
  • Wednesday Market. 
    • Dow broke 20,000 this morning.
    • Data released today for the week ended on January 20th showed applications rose for a fourth consecutive week. The November FHFA House Price Index MoM was also released this morning, which came in just above expectations, rising 0.50% versus 0.40% consensus.
  • Tuesday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed Up 0.36 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 1 commentBill Ladewig • January 25 2017 03:48PM

Comments

OK that Bill Murray quote is priceless and was unexpected...love it!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) almost 2 years ago

Participate