DailyMORTGAGE LOCK ADVISORY
July 23, 2012, 6:45 am 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 0.17 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 3.53%
MBS (3.5%) - 106.29, High: 106.38, Low: 106.13
DJI Stocks currently $12,614.37, Down $-208.2, Change -1.65%
Asian & European Stock Market Indexes Down -2.852%
Nymex Crude Oil Currently $88.49 Down $3.34
Gold 1 Once - $1,572.15
MBS (3.5%) - 106.29, High: 106.38, Low: 106.13
DJI Stocks currently $12,614.37, Down $-208.2, Change -1.65%
Asian & European Stock Market Indexes Down -2.852%
Nymex Crude Oil Currently $88.49 Down $3.34
Gold 1 Once - $1,572.15
MORTGAGE NEWS BRIEFS
The Week Ahead: Relatively Docile Economic Calendar Leaves Europe In Focus
by Matthew Graham
10yr yields moved to new all-time lows overnight as the slow-motion train wreck in Europe continues to unfold. The Spanish region of Murcia becomes the third such autonomous region to move toward requesting financial assistance from Spain's central government>> Read More Mortgage Daily News
10yr yields moved to new all-time lows overnight as the slow-motion train wreck in Europe continues to unfold. The Spanish region of Murcia becomes the third such autonomous region to move toward requesting financial assistance from Spain's central government>> Read More Mortgage Daily News
Mortgage Rates : Falling After June's CPI On New Fed Expectations
This is because inflation devalues the U.S. dollar and everything denominated in U.S. dollars. This includes mortgage-backed bonds. Because inflation rates are down, mortgage bonds are expected to hold their value longer.>> Read Daily Mortgage Report
This is because inflation devalues the U.S. dollar and everything denominated in U.S. dollars. This includes mortgage-backed bonds. Because inflation rates are down, mortgage bonds are expected to hold their value longer.>> Read Daily Mortgage Report
Low Mortgage Rates, Federal Stimulus Primed Housing For Recovery
Multiple-Offer Situations : More Common Nationwide
The housing market is in recovery. This much is clear. Little-by-little, sector-by-sector, data proves what today's home buyers are learning the hard way -- there's competition for right-priced homes and competition is driving home prices higher >> Read More Daily Mortgage Reports
Multiple-Offer Situations : More Common Nationwide
The housing market is in recovery. This much is clear. Little-by-little, sector-by-sector, data proves what today's home buyers are learning the hard way -- there's competition for right-priced homes and competition is driving home prices higher >> Read More Daily Mortgage Reports
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