MORTGAGE INTEREST RATE LOCK ADVISORY
July 12, 2013 4:30 PM PST
Click for Updated Lock Advice
Click for Updated Lock Advice
LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice: LOCK ASAP
The cost for a 4.00% rate based on Mortgage Backed Securities is down 0.05 point.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK ASAP
MARKET INDICATORS
- National Average for 30-Yr Fixed Mortgage Rate jumped to 4.51% on July 11.
- MBS (4%) Closed at 103.29, High: 103.59, Low: 103.17
- DJI Stocks closed at $15,464.30, Up $3.38, Change 1.095%
- Asian & European Stock Market Indexes changed -5.64%
- Crude Oil (WTI) Currently $104.62 - Change -1.78%
- Gold 1 Once - $1,279.90
MORTGAGE NEWS
Adjustable-Rate Mortgages Are Starting to Make a Big Comeback
by Dan Caplinger -The dramatic rise in interest rates that has occurred over the past two months has had a big impact on the mortgage-loan market. Rates on standard 30-year mortgages have gone from below 3.5 percent as recently as late April to well above 4.5 percent currently, according to Bankrate, significantly increasing the monthly payments that new homebuyers will pay and making it harder to qualify for mortgage loans.>>Read More Daily Finance
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