PM Rate Lock Advice & Mortgage Market Update
DAILY RATE LOCK ADVICE
March 15, 2010, 2:30 PT
Website is Updated Several Times Daily
Short Term Lock Advice for loans that must lock today: FLOAT.
Hang on, in the past hour MBS prices were up 7/32 then down to 2/32 and back up to 7/32. It is late in the day but there is a small possibility of a mid afterrnoon favorable price change.
The Empire State index came in a little lower than expected.
Long Term Lock or Float Advice: LOCK.
MBS prices are oversold and and broke below their hundred day moving average.
National Average Fixed Rate Mortgage
Unchanged at 4.97% on Mar.15
MBS Yields Opened today at 4.694% Down 0.001%.
10 Year Treasury Currently 3.710% Down -0.02%
DJI Stocks closed at $10,642.15, Up 17.46, 0.16%
European and Asian Markets closed Down -0.696%
Nymex Crude Oil Currently $79.83 Down $1.41
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- Where's housing headed? Follow rents. CNNMoney.com
- Housing construction up 2.8 percent in January. StLtoday.com
- OneWest Bank's sweetheart deal with our Bank Owned Government (BOG) Must See Video
- Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story
California Mortgage Rates 03-15-10, 2:30PT
30 Year Fixed to $417,000
Rate 4.750% Point 0.750, APR 4.883%
APR Based on $350,000 Loan at 80% LTV
Above Rate can be locked for 30 days.
Click for Quotes on FHA and VA loans With Detailed Cost Estimates.
No Application or Credit Report required
Compare Rates from Major Lenders Survey
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