DAILY MORTGAGE LOCK ADVISORY
October 28, 2011, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily
Mortgage Interest Rate lock Advice for locks within 7 days: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.34 point.
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 4.11%
MBS (3.5%) - 100.81, High: 100.84, Low: 100.47
DJI Stocks currently $12,174.19, Down $-34.36, Change 0%
Asian & European Stock Market Indexes Up 0.024%
Nymex Crude Oil Currently $92.82 Down $1.14
MORTGAGE NEWS BRIEFS
The Day Ahead: Equity Rally Fizzles (Helps Rates)
Thursday's stock rally isn't being sustained in early trading: equity futures in the U.S. are pointing downwards and European markets are in modest sell-off. Read more in Mortgage News Daily
New Home Sales Strike a 5.7% September Stride
By: Ryan Schuette
New single-family home sales snagged a September updraft to crest at their highest perch in nearly half a year, but remain below sales seen during the same period last year. Read More in MReport
Four arrested in Sacramento for allegedly defrauding mortgage lenders
By: Kerry Panchuck
Four California residents face prison time and thousands of dollars in fines for allegedly defrauding lenders out of $900,000 Read More in Housing Wire
New Home Sales Strike a 5.7% September Stride
By: Ryan Schuette
New single-family home sales snagged a September updraft to crest at their highest perch in nearly half a year, but remain below sales seen during the same period last year. Read More in MReport
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