7 Day Mortgage Interest Rate lock or Float Advice: LOCK
The cost for a 4.00% rate based on Mortgage Backed Securities is down 0.22 point
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MARKET INDICATORS
- National Average for 30-Yr Fixed Mortgage Rate is up 0.05% to 4.47% on Dec. 19
- MBS (3.5%) - Currently 103.18, High: 103.18, Low: 102.81
- DJI Stocks currently $16,247.61, Up $68.53, Change 0.422%
- Asian & European Stock Market Indexes changed 0.393%
- Crude Oil (WTI) Currently $98.98 - Change -0.06%
- Gold 1 Once - $1,205.19
REAL ESTATE & MORTGAGE NEWS
By Krista Franks Brock - As prices continue rising in the new year--albeit at a slower pace--investors will begin to ease back from the purchase market, but repeat home buyers will be there to pick up the slack, according to Trulia's predictions. "2013 was the year of the investor, but 2014 will be the year of the repeat home buyer," said Jed Kolko, chief economist at Trulia. Other changes to the market in the new year include lower affordability, "less frenzied" home-buying, and a shift in the rental market from single-family homes to urban apartments.>>Read More
Housing Starts Reach Highest Rate in Almost 6 Years
According to initial estimates, starts ran at a seasonally adjusted annual rate of 1.09 million, a 22.7 percent spike from October and the highest rate since February 2008. Last November, Census/HUD reported a rate of 842,000. >>Read More
Mortgage Rates to Take Big Hit from GSE Fee Hikes
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