MORTGAGE INTEREST RATE LOCK ADVISORY
August 25, 2014, 8:00 AM PST
LOCK ADVISORY
7 Day Close Mortgage Interest Rate lock or Float Advice: NUETRAL
- The price for 3.50% Mortgage Loans based on MBS is currently down 0.02 point.
30 Day Close Mortgage Interest Rate Lock or Float Advice: LOCK
MORTGAGE MARKET INDICATORS
- FHLMC Average: 30-Yr Fixed Mortgage Rate, down 0.02 to 4.10% on August 21
- MBS (3.5%) - Currently 102.6, High: 102,73, Low: 102.58
- DJI Stocks currently $17,117.29, Up $116.07, Change 0.678%
- Asian & European Stock Market Indexes changed 1.006%
- Crude Oil (WTI) Currently $93.14 - Change -0.54%
- Gold 1 Ounce - $1,276.47
MORTGAGE AND REAL ESTATE NEWS
Housing data storm ahead
Can housing shake off the winter, spring and now summer doldrums?
Trey Garrison
It's a week of key housing data and metrics releases, and Monday kicks off bright and - not early but at 10 a.m. ET - with the report on new home sales for July.
New home sales came in at a paltry annual rate of 406,000 in June while the May reading, which was extraordinarily strong, was revised 62,000 lower to 442,000. June's 8.1% drop was the biggest% decline in almost a year and followed an 8.3% boost the month before. All regions showed declines in June with the most important region, the South because of its overwhelming size in this report, posting a 9.5% drop. The drop in sales raised supply relative to sales, to 5.8 months versus May's 5.2 months. >>Read More
Housing data storm ahead
Trey GarrisonIt's a week of key housing data and metrics releases, and Monday kicks off bright and - not early but at 10 a.m. ET - with the report on new home sales for July.
New home sales came in at a paltry annual rate of 406,000 in June while the May reading, which was extraordinarily strong, was revised 62,000 lower to 442,000. June's 8.1% drop was the biggest% decline in almost a year and followed an 8.3% boost the month before. All regions showed declines in June with the most important region, the South because of its overwhelming size in this report, posting a 9.5% drop. The drop in sales raised supply relative to sales, to 5.8 months versus May's 5.2 months. >>Read More
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