DailyMORTGAGE LOCK ADVISORY 

July 2, 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 up 0.21 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%) - 105.27, High: 105.27, Low: 105.13   
DJI Stocks currently $12,879.33,  Down $-0.76, Change -0.006%   
Asian & European Stock Market Indexes Up 0.224%   
Nymex Crude Oil Currently $83.64 Down $1.32   
Gold 1 Once - $1,593.00 
       

MORTGAGE NEWS BRIEFS
 

FHA BACKS DOWN ON CREDIT RESTRICTIONS By Union Tribune
 

In a policy switch that could be important to thousands of applicants seeking home mortgages with low down payments, the Federal Housing Administration has rescinded tough new credit restrictions that had been scheduled to take effect July 1.

EDUCATION = 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

 

 

 

 

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

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