Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 1/26/17

MORTGAGE INTEREST RATE LOCK ADVISORY 1/26/17

MORTGAGE INTEREST RATE LOCK ADVISORY
January 26, 2017, 8:15 AM PT 

MARKET INDICATORS
  • Average 30-Yr FRM, Up 0.10 points to 4.19% on 1-26-17
    Rate Price Based on 3.5% MBS, Up 0.26 Point. 
    DJI Stocks - Currently, $20,111.30, Up $42.79 0.21% 
    Asian & European Stock Market Indexes Up 0.453%
    Crude Oil (WTI) - Currently, $53.84, Up $1.09 
    Gold 1 Ounce - Currently, $1,189.60, Down ($11.00) 
MARKET REPORTS & ANALYSIS    
  • Rate Lock Advisory. Remain Locked. Rates are moving up again this morning,
  • Thursday's Market. Today's Economic Indicators are interesting as we had a major upgrade to the prior month which skewed December's reading. MBS yields are testing the bottom of yesterday's trading channel and are not really moving in any direction at this moment.
  • Wednesday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed Up 0.20 Point
  • 30-year fixed-rate mortgage (FRM) averaged 4.19 percent with an average 0.4 point for the week ending Jan. 26, 2017, up from last week when it averaged 4.09 percent. A year ago at this time, the 30-year FRM averaged 3.79 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 26 2017 04:19PM

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