DailyMORTGAGE LOCK ADVISORY
June 4, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily
7 day Mortgage Interest Rate lock or Float Advice: LOCK.
Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.15 point.
Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.15 point.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK.
Rates could easily move higher or lower, but given the nearness to all time lows, there's generally more risk than reward regarding floating so my advice is to lock.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.75%
MBS (3.5%) - 105.16, High: 105.31, Low: 105.16
DJI Stocks currently $12,140.29, Up $21.72, Change 0.179%
Asian & European Stock Market Indexes Up 0.607%
Nymex Crude Oil Currently $83.26 Up $0.03
Gold 1 Once - $1,619.19
MBS (3.5%) - 105.16, High: 105.31, Low: 105.16
DJI Stocks currently $12,140.29, Up $21.72, Change 0.179%
Asian & European Stock Market Indexes Up 0.607%
Nymex Crude Oil Currently $83.26 Up $0.03
Gold 1 Once - $1,619.19
MORTGAGE NEWS BRIEFS
To property managers: a new client on the block By Sarah Cantino *
Banks are now permitted to rent their residential real estate owned properties (REOs) - in banker vernacular, other real estate owned properties (OREOs). They can do so for five to ten years before they have to sell them and report their losses, as allowed by the Federal Reserve (Fed)
Comments(0)