DAILY MORTGAGE LOCK ADVISORY
November 17, 2011, 7:30 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 up 0.05 Point .
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MBS are hovering just below a long term resistance level. In this uncertain market the best advice is to lock at historic low rates.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.99%
MBS (3.5%) - 101.67, High: 101.81, Low: 101.59
DJI Stocks currently $11,898.97, Down $-6.62, Change -0.056%
Asian & European Stock Market Indexes Down -0.565%
Nymex Crude Oil Currently $101.09 Down $1.50
MORTGAGE NEWS BRIEFS
Homebuilder Confidence Highest Since 2010
By Ryan Schuette
Homebuilder confidence shot up over November, revisiting a high previously seen in May 2010, according to a recent index. The National Association of Home Builders released a monthly housing market index in association with Wells Fargo that tracks homebuilder sentiment about the market by quantifying it on a 100-point index. Read More in MReport
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