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rate lock advice: AM Update - Statistics Show Upticks Across Lending Sector - 03/14/12 07:06 AM
 MORTGAGE LOCK ADVISORY 
March 14, 2012, 7:00 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 0.44 point. 
 
30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK
 
MORTGAGE MARKET INDICATORS 
National Average Fixed Rate Mortgage 3.875%   MBS (3.5%) - 102.59, High: 102.72, Low: 102.53   DJI Stocks currently $12,995.62,  Up $45.75, Change 0.352%   Asian & European Stock Market Indexes Up 0.688%   Nymex Crude Oil Currently $106.48 Down $0.23   Gold 1 Once - 1646.4
                MORTGAGE NEWS BRIEFS
 
Statistics Show Upticks Across Lending … (1 comments)

rate lock advice: AM Update - MBA: Mortgage Applications Up 7.5% - 03/13/12 07:13 AM
MORTGAGE LOCK ADVISORY 
March 13, 2012, 7:00 AM PST
Click for Lock Advice Updated Several Times Daily  
      
7 day Mortgage Interest Rate lock or Float Advice:  FLOATMortgage Points based on 3.5% Mortgage Backed Securities are up 0.09 point
 
30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT
 
MORTGAGE MARKET INDICATORSNational Average Fixed Rate Mortgage 3.875%   MBS (3.5%) - 103.25, High: 103.25, Low: 103.13   DJI Stocks currently $13,011.18,  Up $51.47, Change 0.396%   Asian & European Stock Market Indexes Up 0.879%   Nymex Crude Oil Currently $106.08 Down $0.26   Gold 1 Once - 1691                MORTGAGE NEWS BRIEFS
MBA: Mortgage Applications Up 7.5% Mortgage applications … (0 comments)

rate lock advice: Will Obama Slam the Industry Yet Again? - 01/20/12 09:51 AM
MORTGAGE LOCK ADVISORY 
January 20, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily  
     
Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.09 point.  
 
30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution
There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.
 
MORTGAGE MARKET INDICATORS 
National Average Fixed Rate Mortgage 3.88%   MBS (3.5%) - 102.66, High: 103.72, Low: 102.59   DJI Stocks currently $12,623.79,  Down $-0.19, Change -0.002%   Asian & European … (0 comments)

rate lock advice: PM Rate Lock Advice & Mortgage Market Update - 10/04/10 04:15 PM
DAILY MORTGAGE RATE LOCK ADVICEOctober 4, 2010, 1:30 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) down 0.23 point.  It is a good idea to lock in an up market on a down day.
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 … (0 comments)

rate lock advice: PM Rate Lock Advice & Mortgage Market Update - 10/01/10 05:59 PM
DAILY MORTGAGE RATE LOCK ADVICEOctober 1, 2010, 2:30 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) closed down 0.15 point.  Several lenders repriced for the better and it is a good day to lock your rate.
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 … (0 comments)

rate lock advice: PM Rate Lock Advice & Mortgage Market Update - 09/23/10 07:03 PM
DAILY MORTGAGE RATE LOCK ADVICESeptember 23, 2010, 3:00 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) closed up 0.06 after price swings that caused some lenders to post midday price increases. . 
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 … (2 comments)

rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 09/09/10 10:05 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 09, 2010, 7:00 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 up 0.21 point.
Long Term Mortgage Rate Lock or Float Advice:  FLOAT with Caution.
National Average Fixed Rate Mortgage unchanged at 4.32% 10 Year Treasury 2.65% Up 0.04% DJI Stocks Currently $10,460.87,  Up 73.86, 0.71% Asia & Europe Indexes Up 1.085% Nymex Crude Oil Currently $75.61 Up  $0.94   ___________________________________________________________________________________
California Rates 09-08-2010, 8:00 PT30 Year Fixed to $417,000Rate 4.000%  Point 1.250, APR 4.192%Rate 4.125%  Point … (0 comments)

rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 08/27/10 11:14 AM
DAILY MORTGAGE RATE LOCK ADVICEAugust 27, 2010, 8:00 PM PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for  locks within 3 days:  LOCKPoints based on Mortgage Backed Securities are up 0.34 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:  FLOAT.Since August 6th MBS prices have been bouncing off a seemingly … (0 comments)

rate lock advice: PM Rate Lock Advice & Mortgage Market Update - 08/26/10 06:08 PM
DAILY MORTGAGE RATE LOCK ADVICEAugust 26, 2010, 3:00 PM 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 0.31 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:  FLOAT.Since August 6th MBS prices have been bouncing off a seemingly … (0 comments)

rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 08/26/10 10:02 AM
DAILY MORTGAGE RATE LOCK ADVICEAugust 26, 2010, 7:00 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 0.14 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.Yesterday morning, buyers pushed MBS prices above a resistance level … (0 comments)

rate lock advice: PM Rate Lock Advice & Mortgage Market Update - 08/20/10 08:32 PM
DAILY MORTGAGE RATE LOCK ADVICEAugust 20, 2010, 5:30:00 PM PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Mortgage Rate lock Advice for  locks within 3 days:  LOCK.Points based on  Mortgage Backed Securities closed the day up 0.28 point and up 0.16 point for the week.
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 … (0 comments)

rate lock advice: PM Rate Lock Advice & Mortgage Market Update - 08/19/10 09:54 PM
DAILY MORTGAGE RATE LOCK ADVICEAugust 19, 2010, 6:40 PM 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 closed down 0.40 point. 
 Long Term Mortgage Rate Lock or Float Advice:  FLOAT.This morning MBS prices move above, a long term resistance level they have been hovering  for about a week confirming continued low rates..  in recent weeks, MBS prices have cracked four long term resistance levels.  These breakthroughs are home runs for rate watchers because, once pierced, former resistance levels turn into support levels.
National Average Fixed Rate … (0 comments)

rate lock advice: PM Rate Lock Advice & Mortgage Market Update - 08/17/10 07:22 PM
DAILY MORTGAGE RATE LOCK ADVICEAugust 17, 2010, 4:20 PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Today's Short Term Mortgage Rate lock Advice:  LOCKPoints based on  Mortgage Backed Securities closed up 0.37 Point.  MBS prices rose sharply this morning then leveled off at up 0.20; then, late in the day they jumped 0.17 point to close up 0.370.
Long Term Mortgage Rate Lock or Float Advice:  FLOAT.This morning MBS prices move above, a long term resistance level they have been hovering  for about a week confirming continued low rates..  in recent weeks, MBS prices have cracked four long term resistance levels.  … (0 comments)

rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 08/17/10 01:48 PM
DAILY MORTGAGE RATE LOCK ADVICEAugust 17, 2010, 10:30 PT
LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE
Today's Short Term Mortgage Rate lock Advice:  FLOAT With CautionPoints based on  Mortgage Backed Securities are up 0.26 Point.  The earlier LOCK recommendation was removed because the MBS market seems to have settled down after its rise this morning.
Long Term Mortgage Rate Lock or Float Advice:  FLOAT.This morning MBS prices move above, a long term resistance level they have been hovering  for about a week confirming continued low rates..  in recent weeks, MBS prices have cracked four long term resistance levels.  These breakthroughs are … (1 comments)

rate lock advice: PM Rate Lock Advice & Mortgage Market Update - 08/16/10 08:37 PM
DAILY MORTGAGE RATE LOCK ADVICEAugust 16, 2010, 3:00 PT
STAY CURRENT, LOCK ADVICE CHANGES SEVERAL TIMES DAILY
Today's Short Term Mortgage Rate lock Advice:  FLOATPoints based on Mortgage Backed Securities closed down 0.15 Point. 
Long Term Mortgage Rate Lock or Float Advice:  FLOAT.This morning MBS prices move above, a long term resistance level they have been hovering  for about a week confirming continued low rates..  in recent weeks, MBS prices have cracked four long term resistance levels.  These breakthroughs are home runs for rate watchers because, once pierced, former resistance levels turn into support levels.
National Average Fixed Rate Mortgage Down 0.01% at 4.47% … (0 comments)

rate lock advice: PM Rate Lock Advice & Mortgage Market Update - 08/12/10 08:15 PM
DAILY MORTGAGE RATE LOCK ADVICEAugust 12, 2010, 3:00 PT
STAY CURRENT, LOCK ADVICE CHANGES SEVERAL TIMES DAILY
Today's Short Term Mortgage Rate lock Advice:  LOCKMortgage Backed Securities (MBS) prices closed up 0.37 Point.   NOTE: MBS prices, here, are translated to Mortgage Rate Points,  Points are the cost for a rate.  One Point (1.000) equals 1% of the loan amount; i.e.: a cost of 1.000 point on a $125,000 loan is $1,250.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 move opposite of mortgage rates; neither make sense … (0 comments)

rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 08/03/10 10:08 AM
DAILY MORTGAGE RATE LOCK ADVICEAugust 3, 2010, 7:00 PTLock Advice is Updated Several Times Daily
Today's Short Term Mortgage Rate lock Advice:  FLOATMortgage Backed Securities (MBS) prices  are down 0.140 points.   Points are the cost for a rate.  One Point (1.000) equals 1% of the loan amount; i.e.: a cost of 1.000 point on a $125,000 loan is $1,250.NOTE: MBS prices, here, are translated to Mortgage Rate Points,  MBS Prices are the best mortgage rate indicator and are typically expressed in the mortgage industry as Basis Points (BPS) or in 32's and move opposite of mortgage rates; neither make sense to most … (0 comments)

rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 07/13/10 12:28 PM
DAILY MORTGAGE RATE LOCK ADVICEJuly 13, 2010, 9:20 PTLock Advice is Updated Several Times Daily

Today's Short Term Mortgage Rate lock Advice:  LOCKMBS prices are down 5/32.  Look for unfavorable midmorning price changes.MBS Prices move opposite of mortgage rates.
Long Term Mortgage Rate Lock or Float Advice:  FLOATThe MBS Market finally broke through a rock solid price resistance level in existance since 2008.   This is very positive for rates as the resistance level could turn in to a very solid support level.  It will take a week or so to confirm the move but things look positive.
National Average Fixed … (0 comments)

rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 07/07/10 10:08 AM
DAILY MORTGAGE RATE LOCK ADVICEJuly 7, 2010, 7:06PTLock Advice is Updated Several Times Daily

Today's Short Term Mortgage Rate lock Advice:  FLOATMBS prices are up 2/32., MBS Prices move opposite of mortgage rates.
Long Term Mortgage Rate Lock or Float Advice:  LOCKThe MBS Market attempted to hammer through a rock solid price resistance level  for the fourth time since 2008 and it looks like they have, once again, been turned back.
National Average Fixed Rate Mortgage Unchanged at 4.67% on Jul.6 10 Year Treasury Currently 2.950% Down -0.05% DJI Stocks Currently $9,757.32,  Up 13.7, 0.14% Nymex Crude Oil Currently $72.19 … (2 comments)

rate lock advice: Daily Rate Lock Advice & Mortgage Market Update - 07/02/10 11:46 AM
DAILY MORTGAGE RATE LOCK ADVICEJuly 2, 2010, 8:35 PTLock Advice is Updated Several Times Daily

Today's Short Term Mortgage Rate lock Advice:  FLOATMBS prices are unchanged from Thursday's close after being down 11/32 and up 4/32 earlier this morning.   .MBS Prices move opposite of mortgage rates.
Long Term Mortgage Rate Lock or Float Advice:  LOCKThe MBS Market attempted to hammer through a rock solid price resistance level  for the fourth time since 2008 and it looks like they have, once again, been turned back.
National Average Fixed Rate Mortgage UP 0.01% at 4.67% on July 1 10 Year Treasury Currently … (0 comments)

 
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Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970

Escondido, CA

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