MORTGAGE LOCK ADVISORY
January 16, 2012, 8:00 AM PST
Click for Lock Advice Updated Several Times Daily
Markets are Closed Today In Honor of Martin Luther King
Mortgage Interest Rate lock Advice for locks within 7 days: LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities Closed Friday down 0.18 point.
30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT with Caution
There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.89%
MBS (3.5%) - 103.22, High: 103.36, Low: 103.03
DJI Stocks closed Friday at $12,422.06, Down $-48.96, Change -0.394%
Asian & European Stock Market Indexes Down -0.493%
Nymex Crude Oil Currently $99.52 Up $0.82
MORTGAGE NEWS BRIEFS
NAHB: List of Improving Housing Markets Nearly Doubles in January
A complete list of all 76 metropolitan areas currently on the IMI is available at: www.nahb.org/imi
. The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for
Home Sales, Housing Markets Will Lift in 2012: Fannie Mae
The economy will drift upward in 2012 as incremental changes take place in the housing market, with a divisive and uncertain policy environment the darkest cloud on the horizon, Fannie Mae said in an economic outlook Friday. Read More MReport
European debt crises once more pushed interest rates for mortgage loans to new lows across the board, even while the U.S. economy picked up steam around much of the coun
try. » Read More MReport
The morality of strategic default: businesses vs. homeowners
By Kelli Galippo
This article discusses the purported moral implications of a homeowner's decision to strategically default and why no such implications exist for a strategically defaulting business. Is a strategic default un-American? Read More in First Tuesday
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