DailyMORTGAGE LOCK ADVISORY
January 22, 2013, 6:45 AM PST
Click for Lock Advice Updated Several Times Daily
7 day Mortgage Interest Rate lock or Float Advice: LOCK
Mortgage Rates Based on 3% Mortgage Backed Securities up 0.07 Point.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.38%
MBS (3.5%) - 104.08, High: 104.16, Low: 104
DJI Stocks closed at $13,650.31, Up $0.61, Change 0.004%
Asian & European Stock Market Indexes Down -0.079%
Nymex Crude Oil Currently $92.31 Up $0.46
MBS (3.5%) - 104.08, High: 104.16, Low: 104
DJI Stocks closed at $13,650.31, Up $0.61, Change 0.004%
Asian & European Stock Market Indexes Down -0.079%
Nymex Crude Oil Currently $92.31 Up $0.46
Gold 1 Once - $1,688.53
MORTGAGE NEWS
Harvard Researchers Argue for New 'FHA Corporation'
A recent report from Harvard University's Joint Center for Housing Studies argues for more flexibility for the Federal Housing Administration (FHA). Under direction of a congressionally appointed advisory board and CEO, the new "FHA Corp." should be free to enact its own hiring process, manage its own budget and adapt to market changes "without Congress legislating each change or mandating numerous complex or inconsistent rules and regulations," researchers suggest. » Read More
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