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DAILY MORTGAGE INTEREST RATE LOCK ADVICE
DAILY MORTGAGE INTEREST RATE LOCK ADVISORYSeptember 9, 2011,  6:50 AM PST Lock Advice is Updated Several Times Daily
Mortgage Interest Rate lock Advice for locks within 1 day:  FLOATMortgage Points based on 3.5% Mortgage Backed Securities closed down 0.11 point
30 Day Mortgage Interest Rate Lock or Float Advice:  FLOATDue to US and world financial market uncertainty be very cautious.  This rate market could run away from you in a heartbeat so the best bet is to lock historically low rates whenever there is a downward move.
MORTGAGE MARKET INDICATORSNational Average Fixed Rate Mortgage 4.12%MBS (FNMA 30-year 3.5) - 101.81, High: 101.81, Low: 101.34   DJI Stocks currently $11,116.75,  Down $-179.06, Change -1.59%   Asian & European Stock Market Indexes Down -1.318%   Nymex Crude Oil Currently $86.97 Down $2.08     
MORTGAGE NEWS BRIEFS
Millions in Mortgage Fraud, Untold Ruin for VictimsBy Ryan Schuette Mortgage fraud cases showed few signs of slowing from last week, with defendants either receiving their sentences or pleading guilty in Alabama, California, Minnesota, and New Jersey. The defendants allegedly scammed lenders and homeowners out of tens of millions of dollars overall. Notably, a judge granted the request of a prosecutor to stay judgment for one alleged scammer in favor of a psychiatric evaluation. ... more

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