DailyMORTGAGE LOCK ADVISORY

August 3, 2012, 6:45 am PST

Click for Lock Advice Updated Several Times Daily

 

7 day Mortgage Interest Rate lock or Float Advice: LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.31point. We are in a correction after a long rate drop.


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 3.49%
MBS (3.5%) - 105.86, High: 106.03, Low: 105.83
DJI Stocks currently $13,051.67, Up $172.79, Change 1.324%
Asian & European Stock Market Indexes Up 2.296%
Nymex Crude Oil Currently $89.90 Up $2.77
Gold 1 Once - $1,596.20

MORTGAGE NEWS BRIEFS

 

Mortgage Rates Tick Up After Three Months

Freddie Mac announced Thursday that after more than three months of record-low drops, mortgage rates slid up this week. Freddie Mac's survey showed that the 30-year fixed-rate mortgage averaged 3.55 percent (0.7 point) for the week ending August 2, up from 3.49 percent the previous week. Before this week, the average 30-year FRM had fallen to or matched record-low levels for 13 of the past 14 weeks. The 15-year FRM also slid up, averaging 2.83 percent (0.6 point) from 2.80 percent last week. » Read More MReport

Education is Consumer's Only Real 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

 

 

 

 

San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage Ultimate Mortgage Calculator

 
This post has been included in California Real Estate News
Post is included in group: RE/MAX Active Rain Bloggers
Post is included in group: Keller Williams 'Rainers
Post is included in group: Everything California
Post is included in group: Century 21 Active Rainers
Post is included in group: Addicted to Active Rain

0 Comments on Mortgage Rates Tick Up After Three Months


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Bill_600_x_720 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

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog