DailyMORTGAGE LOCK ADVISORY
June 22, 2012, 7:00am PST
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
MBS (3.5%) - 104.94, High: 105.13, Low: 104.91
DJI Stocks currently $12,659.51, Up $85.94, Change 0.679%
Asian & European Stock Market Indexes Up 0.288%
Nymex Crude Oil Currently $78.75 Up $0.55
Gold 1 Once - $1,565.06
MORTGAGE NEWS BRIEFS
For-sale inventory drops 20.4% on an annual basis