MORTGAGE INTEREST RATE LOCK ADVISORY
September 17 2013 :6:45 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 0.11 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 4.57% on Sept. 12,.
MBS (4%) - Currently 102.99, High: 103.05, Low: 102.87
DJI Stocks currently $15,529.51, Up $34.73, Change 0.224%
Asian & European Stock Market Indexes changed -0.279%
Crude Oil (WTI) Currently $105.73 - Change -0.81%
Gold 1 Once - $1,313.35
REAL ESTATE & MORTGAGE NEWS
Home Prices Up 0.7% in July as Foreclosure Sales Decline
Tory Barringere - FNC's Residential Price Index (RPI) closed in on a three-year high in July as discounted foreclosure sales approached pre-crisis levels.The July index rose 0.7 percent month-over-month, FNC reported. The narrower 10- and 30-city indexes were also each up 0.7 percent.
Year-over-year, the national index rose 3.9 percent, while the 10- and 30-city composites rose 3.7 percent and 4.2 percent, respectively.>>Read More
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