MORTGAGE INTEREST RATE LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice: LOCK
- The price for 4.00% Mortgage Loans based on MBS is currently up 0.19 point.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MARKET INDICATORS
- FHLMC Average: 30-Yr Fixed Mortgage Rate, down 0.08% to 4.21% on May 8.
- MBS (4%) - Currently 104.7, High: 104.92, Low: 104.66
- DJI Stocks currently $16,679.25, Up $95.91, Change 0.575%
- Asian & European Stock Market Indexes changed 0.319%
- Crude Oil (WTI) Currently $100.74 - Change 0.75%
- Gold 1 Ounce - $1,298.34
MORTGAGE AND REAL ESTATE NEWS
Fannie, Freddie replacement stalled in Senate
by Ryan Smith - A plan to wind down Fannie Mae and Freddie Mac appears to be stalled in the Senate.The bill, written by Senate Banking Committee Chairman Tim Johnson (D-S.D.) and Ranking Member Mike Crapo (R-Idaho) would dismantle the mortgage finance giants and replace them with a new federal mortgage insurer while moving more risk onto private capital. >>Read More MPA
FHA 99.50% Financing
99.50% financing is available in California using a FHA 96.5% LTV first and 3% LTV secondary financing. Email for details This program is available in some other states. Check with local lenders.
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