Rate Lock Advice & Mortgage Market Update
DAILY RATE LOCK ADVICE
March 25, 2010, 10:30 PT
Lock Advice is Updated Several Times Daily
Short Term Lock Advice for loans that must lock today: LOCK.
After yesterday's largest drop in over 6 months MBS prices are down 13/32 this morning and unfavorable midmorning re-pricing is a possibility.
Jobless Claims came in a little lower than expected.
Interest rates run opposite MPS prices
Long Term Lock or Float Advice: LOCK.
After a couple of meandering weeks, yesterday the market resumed it's direction downward. Lock ASAP.
National Average Fixed Rate Mortgage
UP 0.05% at 5.03% on Mar.25
MBS Yields Opened at 4.838% Up 0.148%.
10 Year Treasury Currently 3.840% Up 0.15%
DJI Stocks $10,939.08, Up 102.93, 0.95%
European and Asian Markets Up 0.767%
Nymex Crude Oil Currently $81.33 Up $0.72
- US Housing Price Index Declined 6% from December to January News Release
- 11-year-old boy buys property worth $44 mn in Dubai The Economic Times
- USDA Rural Housing Funds to Run Dry by April. Lenders Already Dropping the Program Mortgage News Daily
- Maybe there is help for Jumbo Loans. Broker Universe
- CA Buyer and Broker convicted of loan Fraud Broker Universe
- Home Prices Continue Climb from 2009 Housing Wire
- Home Affordable Refinance Program (HARP) has been extended to June 30, 2011. Notice
- Mortgage Brokers are the cheapest conduit to bring loans to market according to FHA Commissioner, David Stevens TBWS
- Homeowner Estimates as Good as Zillow? Appraisal Academics Think So Housing Wire
- Homebuilders Expect FHA Changes to Hurt Sales HOUSINGWIRE
- 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 Rates 03-24-10, 12:45 PT
30 Year Fixed to $417,000
Rate 4.750% Point 1.25, APR 4.921%
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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