DailyMORTGAGE LOCK ADVISORY
June 28, 2012, 6:30am PST
Click for Lock Advice Updated Several Times Daily
7 day Mortgage Interest Rate lock or Float Advice: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.09 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 3.66%
MBS (3.5%) - 105.18, High: 105.2, Low: 105.09
DJI Stocks currently $12,532.78, Down $-94.23, Change -0.752%
Asian & European Stock Market Indexes Down -0.019%
Nymex Crude Oil Currently $80.23 Up $0.02
Gold 1 Once - $1,563.12
MBS (3.5%) - 105.18, High: 105.2, Low: 105.09
DJI Stocks currently $12,532.78, Down $-94.23, Change -0.752%
Asian & European Stock Market Indexes Down -0.019%
Nymex Crude Oil Currently $80.23 Up $0.02
Gold 1 Once - $1,563.12
MORTGAGE NEWS BRIEFS
Pending-Home Sales Make Strong Debut in May: Mark Lieberman,
The Pending Home Sales Index (PHSI) rose a strong 5.9 percent in May to 101.1, returning to its level of March, the National Association of Realtors (NAR) reported Wednesday. The index had slipped in April to 95.5 after reaching its highest level since April 2010>>Read More MReport
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