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Rate Lock Advice & Mortgage Market Update
Rate Lock Advice & Mortgage Market Update
DAILY RATE LOCK ADVICEFebruary 24, 2010, 6:30PTLock Advise is Updated Several Times Daily
Today's Lock Timing for loans requiring immediate action:  LOCK.  MBS prices are down -3/32. New Home Sales will be released at 10:00 ET.
Long Term Lock or Float Advice:  LOCK.On February 10th Rates started up and began a reversal of a down trend held since December, 2009.
National Average Fixed Rate Mortgage Down 0.02% at 5.08% on Feb.23
MBS Yields Opened at 4.779% Down 0.044%.
10 Year Treasury Currently 3.690% Down -0.11%
DJI Stocks $10,312.87,  Up 30.46, 0.3%
European and Asian Markets Down -0.379%
Nymex Crude Oil Currently $78.86 Down $0.00

Feb 23, 2009; FHA COMMISSIONER DAVID STEVENS said that Mortgage Brokers are the cheapest way to bring a loan to market  TBWS Homebuilders Expect FHA Changes to Hurt Sales HOUSINGWIRE Credit card relief is here, but watch out for new traps CNNMoney.com Where's housing headed?  Follow rents. CNNMoney.com Housing construction up 2.8 percent in January.   StLtoday.com OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story FHA is Effectively Out of Making Condo Loans Story FHA UFMIP will ... more

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