MORTGAGE INTEREST RATE LOCK ADVISORY
August 29, 2014, 8:00 AM PST
LOCK ADVISORY
7 Day Close Mortgage Interest Rate lock or Float Advice: LOCK
- This morning, MBS are still trading at the top of their long term trading channel and today would be a good day to lock loans needing to close in the next seven days..
- The price for 3.50% Mortgage Loans based on MBS is currently down 0.07 point.
30 Day Close Mortgage Interest Rate Lock or Float Advice: FLOAT with CAUTION
MORTGAGE MARKET INDICATORS
- FHLMC Average: 30-Yr Fixed Mortgage Rate, Unchanged at 4.10% on August 28
- MBS (3.5%) - Currently 102.99, High: 103, Low: 102.84
- DJI Stocks currently $17,050.69, Down $28.88, Change -0.169%
- Asian & European Stock Market Indexes changed -0.354%
- Crude Oil (WTI) Currently $95.27 - Change 0.76%
- Gold 1 Ounce - $1,289.30
MORTGAGE AND REAL ESTATE NEWS
Author: Brena Swanson
While the housing recovery remains at a snail's pace, it is still improving, with the markets that exhibit stronger local economies and favorable demographics on an even faster pace of improvement.
Freddie Mac released the June numbers for the Multi-Indicator Market Index, which showed a weak market, improving only .04% from May to June. However, on a year-over-year basis, the U.S. housing market has improved by 7.67%.
"As we see the economy slowly normalizing we're starting to see its effects in the housing market as well, albeit very slowly. The good news is the big housing markets, of which some were also the hardest hit, continue to improve," Freddie Mac Chief Economist Frank Nothaft said.>>Read More
Freddie Mac: Top 5 most improved housing markets
Despite weak market, still improving
Author: Brena SwansonWhile the housing recovery remains at a snail's pace, it is still improving, with the markets that exhibit stronger local economies and favorable demographics on an even faster pace of improvement.
Freddie Mac released the June numbers for the Multi-Indicator Market Index, which showed a weak market, improving only .04% from May to June. However, on a year-over-year basis, the U.S. housing market has improved by 7.67%.
"As we see the economy slowly normalizing we're starting to see its effects in the housing market as well, albeit very slowly. The good news is the big housing markets, of which some were also the hardest hit, continue to improve," Freddie Mac Chief Economist Frank Nothaft said.>>Read More
Comments(0)