MORTGAGE LOCK ADVISORY
January 26, 2012, 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 0.21 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 3.88%
MBS (3.5%) - 103.25, High: 103.28, Low: 103.03
DJI Stocks currently $12,805.66, Up $48.7, Change 0.38%
Asian & European Stock Market Indexes Up 1.36%
Nymex Crude Oil Currently $101.15 Up $1.75
MORTGAGE NEWS BRIEFS
Bernanke Stays Easy: Fed To Keep Rates Low Through Late 2014
The Federal Reserve took no action on interest rates or further bond purchases Wednesday, but extended its runway for exceptionally low rates by at least a year to late 2014. Read More Forbes
FHA 203k Renovation Loans - All You Need To Know Nine Minute Video
Five Top Banks offer $25 Billion to Troubled Homeowners.
The nation's five largest mortgage lenders have offered a draft settlement to pay out as much as $25 billion to cover new terms for homeowners driven out by foreclosure. Read More Fox News
Investors buying with cash pressure home prices
by KERRI PANCHUK Monday, January 23rd, 2012
Investors are gobbling up residential real estate with cash, pushing national home prices lower, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. The overall proportion of cash buyers in the housing market soared to a record 33.2%, compared to 29.6% a year earlier. Read More HousingWire
Will Obama Slam the Mortgage Industry Yet Again?
By Paul Muolo
Yesterday news broke from HUD secretary Shaun Donovan that a robosigning deal was imminent. Today, we learn that maybe a deal isn't as close as Donovan portrayed. Then again, the 'State of the Union' address is next week and there is some talk that President Obama wants to mention the robo settlement using the speech as yet another opportunity to bash the mortgage banking industry Read More National Mortgage News
Mortgage Rates Reach New All-Time Lows. Again
Interest rates for mortgage loans plunged to new lows Thursday, as debt crises in Europe continued to weigh heavily on investors. Finance Web site Bankrate.com and mortgage company Freddie Mac released separate surveys signaling all-time lows for mortgage rates. For Freddie, the 30-year fixed-rate loan fell to 3.88 percent, down from 3.89 percent last week. Read More MReport
Housing starts fall 4.1% in December
by Jason Philyaw
Housing starts fell 4.1% in December, according to Commerce Department data, following a big increase the prior month. Read More HousingWire
Provide More Client Options with Energy Efficient Mortgages
4 Minute Energy Efficient Mortgage Video
Countrywide VIP mortgage program investigation goes dark
An investigation by Rep. Darrell Issa, R-Calif., into the Countrywide VIP loan program that allegedly gave connected policymakers in Washington sweetened mortgages has become increasingly hushed in recent weeks. The "Friends of Angelo" investigation has been waged over three years now. Previous subpoenaed information from members of [...]Read More HousingWire
Huntsman's Departure Highlights Politics of Housing Finance
By: Ryan Schuette
Not unlike his fellow candidates - or the incumbent himself - Huntsman left out any mention of housing finance reform and homeowners as issues for voters in the 2012 general election. Read More MReport.Read More MReport.
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
Comments(0)