Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 2/2/17

MORTGAGE INTEREST RATE LOCK ADVISORY 2/2/17

MORTGAGE INTEREST RATE LOCK ADVISORY
February 2, 2017, 7:55 AM PT 

  • 1-15 Day Close:   FLOAT
  • 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, Unchanged 4.19% on 2-2-17
    Rate Price Based on 3.5% MBS, Down -0.24 Point. 
    DJI Stocks - Currently, $19,879.03, Down ($11.91) -0.06%
    Asian & European Stock Market Indexes Down -0.082%
    Crude Oil (WTI) - Currently, $53.96, Up $0.08 
    Gold 1 Ounce - Currently, $1,223.00, Up $14.10
     
MARKET REPORTS & ANALYSIS    
  • Rate Lock Advisory. Close in 15 days or less, Float this morning and check market this afternoon. Still recommend locking loans that are scheduled to close >15 days.
  • Thursday Market There is no news expected today that will move markets
  • Wednesday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed Wednesday Up 0.26 Point
  • 30-year fixed-rate mortgage (FRM) averaged 4.19 percent with an average 0.5 point for the week ending Feb. 2, 2017, unchanged from last week. A year ago at this time, the 30-year FRM averaged 3.72 percent.
 
 
____________________________________________________________________
 
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 • February 02 2017 04:16PM

Comments

Participate