MORTGAGE INTEREST RATE LOCK ADVISORY
August 21, 2013 :8:00 AM PST
LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice: LOCK
The cost for a 4.00% rate based on Mortgage Backed Securities is up 0.18 point
Rates look like they will continue up for the foreseeable future. Lock on any improvement
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MARKET INDICATORS
- National Average for 30-Yr Fixed Mortgage Rate is unchanged at 4.40% on August 15,.
- MBS (4%) Currently 102.43, High: 102.61, Low: 102.38
- DJI Stocks currently $14,963.36, Down $-39.63, Change -0.265%
- Asian & European Stock Market Indexes changed -0.244%
- Crude Oil (WTI) Currently $104.65 - Change -0.44%
- Gold 1 Once - $1,366.70
MORTGAGE and REAL ESTATE NEWS
DOJ and FBI retract previous mortgage fraud numbers
Analysts expect 25% decline in suspected mortgage fraud in 2012 
Last October, the Department of Justice and the FBI released a report claiming their Distressed Homeowner Initiative found 530 criminal defendants in cases involving more than 73,000 mortgage victims and losses of more than $1 billion in 2012 - startling numbers to anyone.>>Read More
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