MORTGAGE INTEREST RATE LOCK ADVISORY
April 7, 2014 8:00 AM PST
LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice: FLOAT
The cost for a 3.50% rate based on Mortgage Backed Securities is down 0.23 point.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MARKET INDICATORS
- FHLMC Average: 30-Yr Fixed Mortgage Rate, up 0.01% to 4.41% on April 3.
- MBS (4%) - Currently 104.38, High: 104.43, Low: 104.09
- DJI Stocks currently $16,307.26, Down $105.45, Change -0.647%
- Asian & European Stock Market Indexes changed -0.896%
- Crude Oil (WTI) Currently $101.05 - Change -0.09%
- Gold 1 Ounce - $1,300.75
REAL ESTATE AND MORTGAGE NEWS
Online home shopping surges; Mortgages tank
Brena Swanson - Online home shopping hit new records in March, with Zillow (Z) traffic rising by almost 7 million since the start of the year, an article from GeekWire reported.
In March, the Seattle based company soared to nearly 77 million unique users, an increase from 66 million in February, and a drastic jump from 50 million for the same period a year prior. But Zillow is not alone in its efforts.
The article explains that Zillow is in a serious battle for mindshare in the online real estate arena, competing with players such as Realtor.com and Trulia (TRLA). As part of that effort, both Trulia and Zillow are engaged in a multi-million dollar branding effort, with Trulia attracting about 38 million visitors per month at the end of 20 13. >>Read More HousingWire
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