DAILY MORTGAGE LOCK ADVISORY
November 18, 2011, 6:45 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 0.03 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%) - 101.78, High: 101.81, Low: 101.69
DJI Stocks currently $11,805.16, Up $34.43, Change 0.292%
Asian & European Stock Market Indexes Down -0.487%
Nymex Crude Oil Currently $99.38 Up $0.56
MORTGAGE NEWS BRIEFS
House approves higher FHA conforming loan limits
by Jon Prior
The House of Representatives voted 292-121 to restore the elevated conforming limits for jumbo mortgages for the Federal Housing Administration Thursday.
The Senate is expected to give a final vote in the coming days. Read More in Housing Wire
Europe Debt Crisis Keeps Mortgage Rates at Record Lows
By: Ryan Schuette
Mortgage rates ran a tepid streak started three weeks ago by hovering at around 4 percent this week, according to Freddie Mac, largely because investors continue to flee European sovereign bonds for the safe haven of U.S. Treasury debt. Read More in MReport
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