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.


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 

         

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)  

Read More First Friday

Education is Consumer's Only Real Protection. 

Your FHA GuruBill Ladewig

800.664.7283 (SAVE)

Bill@YourFhaGuru.com

Website

 

 

 

Bill Ladewig is a Mortgage Broker Licensed by the California Department of Real Estate 00968137

NMLS #291249

 

 

 

 

San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage Ultimate Mortgage Calculator

 
This post has been included in California Real Estate News
Post is included in group: RE/MAX Active Rain Bloggers
Post is included in group: Keller Williams 'Rainers
Post is included in group: Everything California
Post is included in group: Century 21 Active Rainers
Post is included in group: Addicted to Active Rain

0 Comments on To property managers: a new client on the block


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Bill_600_x_720 Rainmaker_large

Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970

Escondido, CA

More about me…

Address: San Diego, Escondido, Vista, San Marcos, Oceanside, Rancho Bernardo, Poway, Scripps Ranch, Penasquitos, Shadowridge, Rancho Del Oro, Escondido, CA, 92025

Office Phone: (866) 204-9733

Cell Phone: (760) 685-0480

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog