MORTGAGE LOCK ADVISORY
March 21, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily
Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.18 point.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.875%
MBS (3.5%) - 101.97, High: 102.03, Low: 101.84
DJI Stocks currently $13,180.18, Up $9.99, Change 0.076%
Asian & European Stock Market Indexes Down -0.337%
Nymex Crude Oil Currently $106.39 Up $0.32
Gold 1 Once - 1649.2
MORTGAGE NEWS BRIEFS
US Housing Starts Drop 1.1% In February, But Building Permits Rise
(RTTNews) - New residential construction in the US showed an unexpected decrease in the month of February, according to a report released by the Commerce Department on Tuesday, although housing starts came in nearly in line with estimates due to an >> Read More in RTT News
Mortgage Rates Rise To Highest Levels Of The Year
With the new week comes new pain for Mortgages Rates, which rose to their highest levels of the year today. Lenders have been adjusting their rate sheets all day and by varying degrees, so there's greater than normal degree of variation between them.>>Read More Mortgage Daily News
One BofA Manager Signs 67,908 Documents in 2 Year Period
A Bank of America manager said she read the first paragraph of a document, and then located the place she needed to sign. She spent 1-1/2 to 2 hours per day on signing documents and two to three minutes on each. >>Read More Mortgage News Daily
FHA 203k Renovation Loans - All You Need To Know - Nine Minute Video
Provide Your Clients With Options - Energy Efficient Mortgages - 4 Minute Video
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