MORTGAGE INTEREST RATE LOCK ADVISORY
August 30, 2013 :6:30 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 down 0.09 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 down 0.07% to 4.51% on August 29,.
- MBS (4%) Currently 103.29, High: 103.33, Low: 103.19
- DJI Stocks currently $14,842.33, Up $1.38, Change 0.009%
- Asian & European Stock Market Indexes changed -0.541%
- Crude Oil (WTI) Currently $107.86 - Change -0.86%
- Gold 1 Once - $1,393.77
MORTGAGE and REAL ESTATE NEWS
National Median Price Hits $174,500 in July, Up Six Percent Over Last Year
National Mortgage ProfessionalRealtyTrac has released its July 2013 U.S. Residential & Foreclosure Sales Report, which shows that U.S. residential properties sold at an estimated annualized pace of 5.5 million in July 2013, up four percent from the previous month and up 11 percent from a year ago-the biggest annual increase in sales volume so far this year. While sales volume continued to increase nationwide, eight states posted annual decreases in total sales, including California (down 17 percent), Arizona (down 11 percent), Nevada (down seven percent), and Georgia (down two percent). Those four states also posted the four biggest annual increases in median home prices in July: California (up 31 percent); Nevada (up 27 percent); Arizona (up 21 percent); and Georgia (up 20 percent).>>Read More
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