DAILY MORTGAGE LOCK ADVISORY 

November 4, 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 0.10 Point .

 

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT
Tuesday 10-01-11, MBS closed above 102.00 which may signal a rate shift to the downside.

 

MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 4.00%   
MBS (3.5%) - 101.89, High: 101.94, Low: 101.56   
DJI Stocks currently $11,971.82,  Down $-72.65, Change -0.607%   
Asian & European Stock Market Indexes Up 0.481%   
Nymex Crude Oil Currently $93.84 Down $0.23
             
MORTGAGE NEWS BRIEFS

Senate Banking Committee Wants Answers on GSE Bonuses
By Brian Collins A Senate panel wants the chief GSE regulator to explain why Fannie Mae and Freddie Mac executives continue to receive millions of dollars in bonus money for running the giant mortgage companies which continually need government assistance to stay afloat.  Read More National Mortgage News

 

Mortgage Rates Plunge Amid Euro Zone Trouble
After inching forward in the last few weeks, mortgage rates again plummeted on fresh concerns about the euro zone crisis, with rates dropping to 4.00 percent, the second-lowest reading for Freddie Mac. The GSE released a weekly survey alongside finance Web site Bankrate. Freddie reported the 30-year loan falling from 4.24 percent recorded last week, not a far cry from the 10-percentage point plunge to 4.23 percent from 4.33 percent that Bankrate.com recorded. Investor confidence shot up after Europe agreed to bail out Greece. » Read More MReport

Education is Consumer's Only Real Protection. 

Your FHA GuruBill Ladewig

800.664.7283 (SAVE)

Bill@YourFhaGuru.com

Website

 

 

 

Bill Ladewig is a Mortgage Broker Licensed by the California Department of Real Estate 00968137

NMLS #291249

 

 

 

 

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Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970

Escondido, CA

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Address: San Diego, Escondido, Vista, San Marcos, Oceanside, Rancho Bernardo, Poway, Scripps Ranch, Penasquitos, Shadowridge, Rancho Del Oro, Escondido, CA, 92025

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