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Housing recovery could lift jobs, spending
DailyMORTGAGE LOCK ADVISORY
August 7, 2012, 6:45 am PST
Click for Lock Advice Updated Several Times Daily
 
7 day Mortgage Interest Rate lock or Float Advice: LOCK Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.24 point. 30 Day Mortgage Interest Rate Lock or Float Advice: LOCK. Rates could easily move higher or lower, but given the nearness to all time lows, there's generally more risk than reward regarding floating so my advice is to lock.
 
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.55% MBS (3.5%) - 105.66, High: 105.84, Low: 105.66 DJI Stocks currently $13,178.28, Up $60.77, Change 0.461% Asian & European Stock Market Indexes Up 0.969% Nymex Crude Oil Currently $92.92 Up $0.72 Gold 1 Once - $1,615.50 MORTGAGE NEWS BRIEFS
 
Housing recovery could lift jobs, spending Home prices and new construction have started to pick up in recent months, suggesting the housing market may finally be starting to recover.After years of depressed activity, home prices and new construction have started to pick up in recent months as foreclosures have slowed, suggesting the housing market may have finally bounced off the bottom."It feels very much like we've hit a bottom and we're ... more

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