DAILY MORTGAGE LOCK ADVISORY
October 17, 2011, 6:30 AM PST
Mortgage Interest Rate lock Advice for locks within 7 days: LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.14 point. In the short term, the bond market looks volatile and the safe bet is to lock on any down day.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
October 7, 2011, Mortgage Backed Securities moved below a long standing resistance level which could be bad news for long term rates.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 4.12%
DJI Stocks currently $11,590.22, Down $-54.27, Change -0.468%
Asian & European Stock Market Indexes Up 0.528%
Nymex Crude Oil Currently $86.62 Down $0.18
MORTGAGE NEWS BRIEFS
FREE OPEN HOUSE FLYERS - Click for Samples and Details
This Week: economic releases beginning Monday and through Thursday will set the tone for financial markets. Recently there has been a renewed view the US economy is better than thought just a few weeks ago, the DJIA has now recovered all losses for the year. Interest rate markets are taking the hit on better outlooks and the belief that Europe's debt mess will be contained----hope is what we live with these days.
David Shirmeryer - Rate Alert.