DAILY MORTGAGE INTEREST RATE LOCK ADVISORY
June 21, 2011, 6:30 AM PST
Lock Advice is Updated Several Times Daily
Mortgage Interest Rate lock Advice for locks within 2 days: LOCK
Mortgage Points based on Mortgage Backed Securities are up 0.15 Point.
Long Term Mortgage Interest Rate Lock or Float Advice: FLOAT with Caution.
Long term: We may be near the end of a rally supported by Greece led European financial instability causing Europeans to invest in the safety of US bonds which supported mortgage prices.
- MARKET INDICATORS
30 Year Fixed Interest Rate - National Average 4.50%.
MBS (FNMA 30-year 4.5) - Current: 103.59, High: 103.75, Low: 103.59
DJI Stocks currently $12,080.38, Up $76.02, Change 0.63%
Asia & Europe Indexes Up 0.999%
Nymex Crude Oil Currently $93.70 Up $0.44
MORTGAGE MARKET NEWS BRIEFS
Exising Home Sales will be reported at 7:00 AM PST
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