MORTGAGE INTEREST RATE LOCK ADVISORY
April 16, 2014 2:30 PM 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 closed up 0.01 point.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MARKET INDICATORS
- FHLMC Average: 30-Yr Fixed Mortgage Rate, down 0.07% to 4.34% on April 10.
- MBS (4%) - Closed at: 104.48, High: 104.5, Low: 104.31
- DJI Stocks closed at $16,424.85, Up $162.29, Change 0.988%
- Asian & European Stock Market Indexes changed 2.176%
- Crude Oil (WTI) Currently $103.79 - Change 0.04%
- Gold 1 Ounce - $1,302.01
REAL ESTATE AND MORTGAGE NEWS
New Home Purchase Applications Up 15%
By:Tory Barringer - Applications for new home purchases increased in March, though adjusted sales of new homes are expected to have fallen.The Mortgage Bankers Association (MBA) released Tuesday its Builder Application Survey for last month, with data showing a 15 percent month-over-month increase in new home purchase applications. The data reflects application volume from mortgage subsidiaries of homebuilders and is not adjusted for seasonal patterns. >>Read More MReport
Comments(0)