MORTGAGE INTEREST RATE LOCK ADVISORY
February 14, 2014 8:00 AM PST
LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice: FLOAT With Caution
The cost for a 3.50% rate based on Mortgage Backed Securities is up 0.21 point
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MARKET INDICATORS
- Freddie Mac National Average: 30-Yr Fixed Mortgage Rate up 0.05% to 4.28% on Feb 13
- MBS (3.5%) - Currently 100.71, High: 100.96, Low: 100.67
- DJI Stocks currently $16,088.56, Up $60.97, Change 0.379%
- Asian & European Stock Market Indexes changed 0.312%
- Crude Oil (WTI) Currently $99.76 - Change -0.59%
- Gold 1 Ounce - $1,317.22
REAL ESTATE & MORTGAGE NEWS
Applications Point to Spike in New Home Sales
By Tory Barringer - A survey of loan application volume from mortgage subsidiaries of homebuilders across the country suggests sales of new homes experienced a substantial leap in January. The Mortgage Bankers Association's (MBA) Builder Applications Survey indicates new home sales ran at a seasonally adjusted annual rate of 543,000 last month, reflecting a month-over-month increase of 35 percent. On an unadjusted basis, the group estimates there were 38,000 new home sales in January, a 36 percent increase over December. » Read More
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