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DAILY MORTGAGE INTEREST RATE LOCK ADVICE
DAILY MORTGAGE INTEREST RATE LOCK ADVISORYJuly 26, 2011, 6:30 AM PST Lock Advice is Updated Several Times Daily
Mortgage Interest Rate lock Advice for locks within 2 days: FLOATMortgage Points based on Mortgage Backed Securities are down 0.03 point. 
Long Term Mortgage Interest Rate Lock or Float Advice:  FLOAT with CautionThe MBS market looks overbought which could cause a temporary correction.
MARKET INDICATORS30 Year Fixed Interest Rate - National Average  4.52%.      MBS (FNMA 30-year 4.5) - Current: 103.66, High: 103.66, Low: 103.53   DJI Stocks currently $12,545.65,  Down $-47.15, Change -0.37%   Asia & Europe Indexes Up 0.244%   Nymex Crude Oil Currently $99.29 Up $0.09     
                MORTGAGE MARKET NEWS BRIEFS  Case-Shiller Index Posts Second Straight Increase    For the second month since recording an official double-dip in home prices, the S&P/Case-Shiller index has posted an uptick. Data just released by Standard & Poor’s shows that 16 of the 20 metros included in the study and both composites reported positive monthly in. creases  Read More Case Shiller
Companies, Industry Groups Continue QRM Rule Fight Real estate and relocation servicers provider Realogy Corporation became the latest in a string of companies to file critical commentary with regulatory authorities overseeing the Qualified Residential Mortgage rule, the embattled proposal that industry groups ... more

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