DailyMORTGAGE LOCK ADVISORY
July 18, 2012, 6:30 am 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%) - 105.95, High: 105.95, Low: 105.75
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Gold 1 Once - $1,574.44
MORTGAGE NEWS BRIEFS
Builder Confidence Jumps to Highest Level in Six Years
Builder confidence took its biggest leap in nearly a decade according to data released this morning by the National Association of Home Builders (NAHB). The NAHB/Wells Fargo Housing Market Index (HMI) rose six points in July to 35, the highest level it has seen since March of 2007 and each of its component indices improved .>>Read More Mortgage News Daily
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