MORTGAGE LOCK ADVISORY
April 2, 2012, 9:30 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 dwon 0.19 point.
30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.99%
MBS (3.5%) - 102.97, High: 102.97, Low: 102.72
DJI Stocks currently $13,276.71, Up $64.67, Change 0.487%
Asian & European Stock Market Indexes Up 0.407%
Nymex Crude Oil Currently $104.69 Up $1.67
Gold 1 Once - 1671.9
MORTGAGE NEWS BRIEFS
Ex-TBW CFO pleads guilty to largest mortgage frauds in U.S. history.
Ex-CFO Delton de Armas, 41, admitted to helping his boss, Lee Farkas, pull off a $3 billion fraud scheme that brought down the nonbank as well as its chief warehouse lender, Colonial BancGroup, Montgomery, Ala.>>Read More National Mortage News
FHA bill to boost MIP caps moves forward in House
A House committee voted unanimously to pass a bill that looks to give a boost to the Federal Housing Administration through increased mortgage insurance premium caps and other changes. The FHA, under the bill, could charge up to 2.05% for its annual mortgage premium, up from a current 1.55% maximum... Read More HousingWire
FHA 203k Renovation Loans - All You Need To Know - Nine Minute Video
Provide Your Clients With Options - Energy Efficient Mortgages - 4 Minute Video
Comments (0)Subscribe to CommentsComment