DailyMORTGAGE LOCK ADVISORY
January 25, 2013, 5:00 PM 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 closed up 0.62 Point.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.42% +0.04%
MBS (3.5%) - 103.5, High: 104.13, Low: 103.34
DJI Stocks closed at $13,895.98, Up $70.65, Change 0.508%
Asian & European Stock Market Indexes Up 0.7%
Nymex Crude Oil Closed at $92.31 Up $0.46
Gold 1 Once - $1,658.20
MBS (3.5%) - 103.5, High: 104.13, Low: 103.34
DJI Stocks closed at $13,895.98, Up $70.65, Change 0.508%
Asian & European Stock Market Indexes Up 0.7%
Nymex Crude Oil Closed at $92.31 Up $0.46
Gold 1 Once - $1,658.20
MORTGAGE NEWS
Mortgage Fraud Up 1.1% from Q2 to Q3 2012 A recent report from verification services provider Kroll Factual Data, Inc., shows the risk of mortgage fraud rose 1.1 percent throughout the country between the second and third quarters of 2012. The company examined metropolitan statistical areas (MSAs) with at least 1,000 applications per quarter and isolated certain files that may contain indicators of potential mortgage origination fraud. In some MSAs, the risk of fraud rose from the second to the third quarter by more than 50 percent. » Read More
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