daily rate lock advice: AM Update - Confidential Report: Jumbo Conduits Folding - 03/15/12 11:43 PM
MORTGAGE LOCK ADVISORY 
March 16, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily       
Mortgage Interest Rate lock Advice for locks within 8 days: LOCK
 Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.31 point. 
 
30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK
 
MORTGAGE MARKET INDICATORS 
National Average Fixed Rate Mortgage 3.875%   MBS (3.5%) - 102, High: 102.28, Low: 102   DJI Stocks currently $13,281.21,  Up $28.45, Change 0.214%   Asian & European Stock Market Indexes Up 0.154%   Nymex Crude Oil Currently $105.73 Up $0.62   Gold 1 Once - 1646.80
                MORTGAGE NEWS BRIEFS
 
Confidential Report: Jumbo Conduits Folding The report … (0 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 10/07/10 07:00 AM
DAILY MORTGAGE RATE LOCK ADVICEOctober 7, 2010, 11:00 PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for locks within 3 days:  FLOATMortgage rate points based on Mortgage Backed Securities (MBS) down 0.12 point.  Some lenders may post improved midday prices.
Long Term Mortgage Rate Lock or Float Advice:  LOCKMBS prices pulled a quick switch.  On Sept. 9, MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average and on Sept 21, MBS prices closed above their 20 day average; mainly on the news the Fed is concerned with under inflation.  
The 20 day moving … (0 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 10/06/10 01:16 PM
DAILY MORTGAGE RATE LOCK ADVICEOctober 6, 2010, 4:30 PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for locks within 3 days:  FLOATMortgage rate points based on Mortgage Backed Securities (MBS) closed down 0.40 point. 
Long Term Mortgage Rate Lock or Float Advice:  LOCKMBS prices pulled a quick switch.  On Sept. 9, MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average and on Sept 21, MBS prices closed above their 20 day average; mainly on the news the Fed is concerned with under inflation.  
The 20 day moving average is a stable market direction … (0 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 10/01/10 03:10 AM
DAILY MORTGAGE RATE LOCK ADVICEOctober 1, 2010, 7:00 PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for locks within 3 days:  LOCKMortgage rate points based on Mortgage Backed Securities (MBS) are up 0.15 point. 
Long Term Mortgage Rate Lock or Float Advice:  LOCKMBS prices pulled a quick switch.  On Sept. 9, MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average and on Sept 21, MBS prices closed above their 20 day average; mainly on the news the Fed is concerned with under inflation.  
The 20 day moving average is a stable market direction indicator … (0 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/30/10 02:48 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 30, 2010, 6:40 PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for locks within 3 days:  LOCKMortgage rate points based on Mortgage Backed Securities (MBS) are down 0.15 point.  If rates remain down today it would be a good day to lock..
Long Term Mortgage Rate Lock or Float Advice:  LOCKMBS prices pulled a quick switch.  On Sept. 9, MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average and on Sept 21, MBS prices closed above their 20 day average; mainly on the news the Fed is concerned … (0 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/29/10 02:58 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 29, 2010, 6:50 PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for locks within 3 days:  LOCKMortgage rate points based on Mortgage Backed Securities (MBS) up 0.04 point.   The MBS Market is oversold and due for a retraction.  If you need to lock within the next three days, today would be a good day to pull the trigger. 
Long Term Mortgage Rate Lock or Float Advice:  LOCKMBS prices pulled a quick switch.  On Sept. 9, MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average and on Sept 21, … (0 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/28/10 10:58 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 28, 2010, 11:15 PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for locks within 3 days:  FLOAT with CautionMortgage rate points based on Mortgage Backed Securities (MBS) down 0.16.  
Long Term Mortgage Rate Lock or Float Advice:  LOCKMBS prices pulled a quick switch.  On Sept. 9, MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average and on Sept 21, MBS prices closed above their 20 day average; mainly on the news the Fed is concerned with under inflation.  
The 20 day moving average is a good market direction … (0 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/24/10 02:47 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 24, 2010, 6:45 PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for locks within 3 days:  LOCKMortgage rate points based on Mortgage Backed Securities (MBS) up 0.21.
Long Term Mortgage Rate Lock or Float Advice:  LOCKMBS prices pulled a quick switch.  On Sept. 9, MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average and on Sept 21, MBS prices closed above their 20 day average; mainly on the news the Fed is concerned with under inflation.  
The 20 day moving average is a good market direction indicator because, … (0 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/22/10 03:05 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 22, 2010, 7:00 PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for locks within 3 days:  FLOAT With CautionMortgage rate points based on Mortgage Backed Securities (MBS) are currently up 0.03 point.
Long Term Mortgage Rate Lock or Float Advice:  LOCKOn Sept. 9, MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average and yesterday MBS prices closed above their 20 day average.   The 20 day moving average is a good market direction indicator because, usually, whenever prices move above or below the average, it indicates a correction lasting … (4 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/21/10 08:11 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 21, 2010, 12:00 Noon PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for locks within 3 days:  LOCK Mortgage rate points based on Mortgage Backed Securities (MBS) are up 0.16 point. Expect price increases from some lenders.  
Long Term Mortgage Rate Lock or Float Advice:  LOCKSept. 9, MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average.  This almost always indicates a market turn, in this case higher rates.
National Average Fixed Rate Mortgage unchanged at 4.37% 10 Year Treasury 2.71% down 0.04% DJI Stocks Currently $10,790.02,  Up 36.4, … (0 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/20/10 02:59 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 20, 2010, 6:45 AM PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE

Mortgage Rate lock Advice for  locks within 3 days:  LOCK Mortgage rate points based on Mortgage Backed Securities (MBS) are 80wn 0.01 point.
Long Term Mortgage Rate Lock or Float Advice:  LOCKSept. 9, MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average.  This almost always indicates a market turn, in this case higher rates.
National Average Fixed Rate Mortgage unchanged at 4.37% 10 Year Treasury 2.75% down 0.01% DJI Stocks Currently $10,630.78,  Up 22.93, 0.22% Asia & Europe Indexes … (2 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/17/10 03:15 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 17, 2010, 7:00 AM PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE

Mortgage Rate lock Advice for  locks within 3 days:  LOCK Mortgage rate points based on Mortgage Backed Securities (MBS) are up 0.06 point.
Long Term Mortgage Rate Lock or Float Advice:  LOCKSept. 9, MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average.  This almost always indicates a market turn, in this case higher rates.
National Average Fixed Rate Mortgage up 0.02% at 4.37% 10 Year Treasury 2.76% Up .04% DJI Stocks Currently $10,607.09,  Up 12.26, 0.12% Asia & Europe … (0 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/15/10 03:25 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 15, 2010, 7:30 AM PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for  locks within 3 days:  LOCKMortgage rate points based on Mortgage Backed Securities (MBS) are down 0.09 points.   Lock on todays strength.
Long Term Mortgage Rate Lock or Float Advice:  LOCKSept. 9, MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average.  This almost always indicates a market turn, in this case higher rates.
National Average Fixed Rate Mortgage unchanged at 4.35% 10 Year Treasury 2.67% down ,07% DJI Stocks Currently $10,536.48,  Up 9.99, 0.09% Asia & … (1 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/08/10 04:27 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 08, 2010, 8:00 AM PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for  locks within 3 days:  LOCKMortgage rate points based on Mortgage Backed Securities (MBS) prices are up 0.18 point.
Long Term Mortgage Rate Lock or Float Advice:  FLOAT with Caution
National Average Fixed Rate Mortgage unchanged at 4.32% 10 Year Treasury 2.61% down .10% DJI Stocks Currently $10,397.22,  Up 56.53, 0.55% Asia & Europe Indexes Down -0.278% Nymex Crude Oil Currently $74.53 Up  $0.44   ___________________________________________________________________________________
California Rates 09-08-2010, 8:00 PT30 Year Fixed to $417,000Rate 4.000%  Point 1.250, APR 4.192%Rate 4.125%  … (0 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/07/10 02:54 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 07, 2010, 6:40 AM PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for  locks within 3 days:  FLOAT with CautionMortgage rate points based on Mortgage Backed Securities (MBS) prices are down 0.31 point.   if you are unlocked and near closing it is good strategy to lock on an up day in an uncertain market.  That would be today.
Long Term Mortgage Rate Lock or Float Advice:  FLOAT with CautionMBS prices moved slightly above their 20 day moving average after closing below it on Friday.  The 20 day moving average is a good … (0 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/03/10 02:48 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 03, 2010, 6:40 AM PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for  locks within 3 days:  LOCKMortgage rate points based on Mortgage Backed Securities (MBS) prices are up 0.39 point on unemployment news.
Long Term Mortgage Rate Lock or Float Advice:  LOCKMBS prices just dropped below their 20 day moving average which could mean higher rates.
National Average Fixed Rate Mortgage Down 0.02% at 4.34% 10 Year Treasury currently up at 2.63% DJI Stocks Currently $10,430.56,  Up 110.46, 1.07%    Asia & Europe Indexes Up 1.079%    Nymex Crude Oil Currently $75.13 Up  $0.11  … (2 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/02/10 03:15 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 02, 2010, 7:10 AM PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for  locks within 3 days:  LOCKMortgage rate points based on Mortgage Backed Securities (MBS) prices are up 0.18 point.
Long Term Mortgage Rate Lock or Float Advice:  FLOAT with CautionThe MBS price breakout, forecasting lower rates, is being tested this morning after yesterday's 31 basis point drop (0.31 points).  It is not unusual for prices to drop back after a breakout but, in this market, a little paranoia is a really good thing.  We are enjoying historically low rates and  locking … (3 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/01/10 03:13 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 01, 2010, 7:05 PM PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for  locks within 3 days:  LOCKMortgage rate points based Mortgage Backed Securities (MBS) prices are up 0.37 point.  Mortgage rate points were Up .012 point earlier, and just jumped 0.25 point when the MBS market took a dive.
Long Term Mortgage Rate Lock or Float Advice:  FLOAT Good news in Mortgageland yesterday  MBS prices appear to have finally blasted their way clear through lots of sellers hovering around 102.97 and 103.28 (FNMA 30 Yr 4%).  Yesterday's move indicates sellers are exhausted and … (1 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 08/31/10 03:05 AM
DAILY MORTGAGE RATE LOCK ADVICEAugust 31, 2010, 7:00 PM PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for locks within 3 days:  FLOATFor the first hour and a half of trading, Points based on Mortgage Backed Securities (MBS) had been unchanged from Monday then a few minutes ago dropped straight down 0.22 point.
NOTE:MBS prices, here, are converted to Mortgage Rate Points
Long Term Mortgage Rate Lock or Float Advice:  FLOAT with CautionMBS prices moved up yesterday and again this morning so we may be on our way to lower rates.... maybe.  The MBS Market closed Monday again … (4 comments)

daily rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 08/25/10 02:46 AM
DAILY MORTGAGE RATE LOCK ADVICEAugust 25, 2010, 6:40:00 AM PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for  locks within 3 days:  FLOAT.Points based on  Mortgage Backed Securities are down 0.12 point.
NOTE: MBS prices, here, are translated to Mortgage Rate Points because MBS Prices are the best mortgage price indicator and are typically expressed, in the mortgage industry, as Basis Points (BPS) or in 32's and both move opposite of mortgage rates; neither make sense to most consumers. 
Long Term Mortgage Rate Lock or Float Advice:  LOCK.We are in an uncertain MBS market and the conservative … (0 comments)

 
Bill Ladewig, Experience Is Your Advantage (LoanOfficerSchool.com)

Bill Ladewig

Experience Is Your Advantage

Escondido, CA

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