Bill Ladewig's Blog: MORTGAGE INTEREST RATE LOCK ADVISORY 2/6/17

MORTGAGE INTEREST RATE LOCK ADVISORY 2/6/17

MORTGAGE INTEREST RATE LOCK ADVISORY
February 6, 2017, 7:55 AM PT 

  • 1-15 Day Close:   FLOAT
  • 16-30 Day Close: FLOAT With Caution
  • 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 -0.18 Point.
    DJI Stocks - Currently, $20,070.63, Down ($0.83) 0%
    Asian & European Stock Market Indexes Up 0.058%
    Crude Oil (WTI) - Currently, $53.42, Down ($0.41)
    Gold 1 Ounce - Currently, $1,230.80, Up $9.40
MARKET REPORTS 
  • Rate Lock Advisory. Close in less than 30 days, Float this morning and check market this afternoon. Still recommend locking loans that are scheduled to close >30 days.
  • Monday Market: There is no news scheduled today that is expected to move rates one way or the other.
  • Friday's Rate Results: Mortgage Pricing based on Mortgage Backed Securities (MBS) closed unchanged from Thursday.
  • 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.
 
 
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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 2 commentsBill Ladewig • February 06 2017 03:55PM

Comments

Wow, you packed a ton of great information in that post!  Well done!

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

Thanks Kristin,  I appreciate your comments.

Posted by Bill Ladewig, Experience Is Your Advantage (LoanOfficerSchool.com) almost 2 years ago

Participate