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Daily Rate Lock Advice & Mortgage Market Update
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    ___________________________________________________________________________________
California Rates 09-02-2010, 10:00 PT30 Year Fixed to $417,000Rate 4.000%  Point 1.250, APR 4.193%Rate 4.125%  Point 0.500, APR 4.266%Rate 4.250%  Rebate 0.125, APR 4.296%APR Based on $350,000 Mortgage at 80% LTV740 Credit Score - 30 Day Lock.Click for Quotes on FHA and VA loans With Detailed Cost Estimates. No Application Fee or Credit Report required
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MORTGAGE MARKET NEWS IN REVIEW
Friday, September 3,MBS prices dropped sharply causing mortgage rates to jump this morning after the August employment report showed that employers cut fewer jobs than economists were expecting and added more private-sector jobs than forecast.
Thursday, September 2,Much news ... more

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