MORTGAGE INTEREST RATE LOCK ADVISORY
September 24, 2013 :3:00 PM PST
LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice:FLOAT with Caution
The cost for a 4.00% rate based on Mortgage Backed Securities is down 0.25 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 4.50% on Sept. 19,.
- MBS (4%) - Closed at: 104.49, High: 104.58, Low: 104.22
- DJI Stocks closed at $15,334.59, Down $-66.79, Change -0.436%
- Asian & European Stock Market Indexes changed 0.379%
- Crude Oil (WTI) Closed at $103.13 - Change -0.44%
- Gold 1 Once - $1,322.70
REAL ESTATE & MORTGAGE NEWS
Home price appreciation expected to continue
Potential homebuyers show confidence in housing
Megan Hopkins - More than half of Americans, 55% to be exact, are confident that home prices will go up over the next 12 months, according to a new Bankrate.com report. Of those surveyed, 27% believe home prices will remain unchanged, while 9% anticipate a decline in home prices. >> Read More
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