MORTGAGE INTEREST RATE LOCK ADVISORY
April 23, 2013 3:30 PM PST
Click for Updated Lock Advice
Click for Updated Lock Advice
7 day Mortgage Interest Rate lock or Float Advice: LOCK
Mortgage Rates Based on 3% Mortgage Backed Securities are down 0.04 point
30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.41% Down 0.02%
MBS (3.5%) - 104.26, High: 104.41, Low: 104.22
DJI Stocks closed at $14,719.46, Up $152.29, Change 1.035%
Asian & European Stock Market Indexes Up 0.051%
Crude Oil (WTI) Closed at $89.51 Up 0.37%
Gold 1 Once - 1412.47
MORTGAGE NEWS
Mortgage Rates Steady Near 3 Month Lows
(Mortgage Daily News) Mortgage rates were essentially flat to begin the week, with most lenders inconsequentially higher or lower than Friday's levels. That puts today's rates in the same league with last week's best offerings as well as those seen after the Employment Situation Report on Friday April 5th. For most lenders, these will be the lowest rates since mid-January, though we'd emphasize that the rate itself isn't moving at the moment, but rather the closing costs associated with prevailing rates »Read More
California AG Awards $9.4M to Assist Victims of Statewide Foreclosure Crisis
(National Mortgage News) California Attorney General Kamala D. Harris has announced California's National Mortgage Settlement Grant Program has awarded $9.4 million to 21 organizations in order to assist Californians affected by the state's foreclosure crisis. The grants will benefit many of the state's neediest homeowners and families by providing or expanding access to free legal assistance and representation, foreclosure intervention aid, homeowner education and financial literacy clinics, blight remediation services, fraud prevention education and employment support services. » Read More
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