DailyMORTGAGE LOCK ADVISORY
July 5, 2012, 6:45am PST
Click for Lock Advice Updated Several Times Daily
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%) - 105.28, High: 105.42, Low: 105.28
DJI Stocks currently $12,872.37, Down $-71.45, Change -0.555%
Asian & European Stock Market Indexes Down -1.008%
Nymex Crude Oil Currently $87.20 Down $0.46
Gold 1 Once - $1,600.11
MORTGAGE NEWS BRIEFS
Despite Low Rates, Mortgage Apps See 3.8 Percent Weekly Drop
Mortgage applications decreased 3.8 percent from last week, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 20, 2012. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.8 percent on a seasonally adjusted basis from one week earlier >> Read More National Mortgage Professional
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