MORTGAGE INTEREST RATE LOCK ADVISORY
June 23, 2014 9:00 AM PST
LOCK ADVISORY
7 Day Close Mortgage Interest Rate lock or Float Advice: FLOAT
- The price for 3.50% Mortgage Loans based on MBS is currently Up 0.05 point.
Close Mortgage Interest Rate Lock or Float Advice: LOCK
MORTGAGE MARKET INDICATORS
- FHLMC Average: 30-Yr Fixed Mortgage Rate, down 0.03% to 4.17% on June 19.
- MBS (3.5%) - Currently 102.39, High: 102.5, Low: 102.36
- DJI Stocks currently $16,918.97, Down $28.11, Change -0.166%
- Asian & European Stock Market Indexes changed -0.586%
- Crude Oil (WTI) Currently $106.06 - Change -0.72%
- Gold 1 Ounce - $1,215.51
MORTGAGE AND REAL ESTATE NEWS
By: Krista Franks Brock - house-graphdownHome purchases made with cash are on the decline across the country, according to Zillow, but cash sales still make up a significant portion of the lower-priced home market in many areas.
Cash sales declined year-over-year in the first quarter in 102 of the 126 metro areas Zillow observes. Zillow chalked up the decline to waning investor demand and a resurgence of traditional buyers in the market.
Cash Deals Decline, Remain King Among Low-Price Homes
By: Krista Franks Brock - house-graphdownHome purchases made with cash are on the decline across the country, according to Zillow, but cash sales still make up a significant portion of the lower-priced home market in many areas.Cash sales declined year-over-year in the first quarter in 102 of the 126 metro areas Zillow observes. Zillow chalked up the decline to waning investor demand and a resurgence of traditional buyers in the market.
Comments(0)