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AM RATE LOCK & MARKET ADVISORY - October 13, 2011
 
 DAILY MORTGAGE LOCK ADVISORY 
October 13, 2011, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily  
 
Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK Mortgage Points based on 3.5% Mortgage Backed Securities down 0.15 point.  In the short term, the market looks volatile and the safe bet is to lock on any down day.
 
30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK Last Friday, Mortgage Backed Securities moved below a long standing resistance level which could be bad news for long term rates. 
 
MORTGAGE MARKET INDICATORS National Average Fixed Rate Mortgage 3.94%  A Hundred Year Low  MBS (FNMA 30-year 4.0) - 103.34, High: 103.36, Low: 103.25   DJI Stocks currently $11,469.43,  Down $-49.42, Change -0.431%   Asian & European Stock Market Indexes Down -0.193%   Nymex Crude Oil Currently $84.53 Down $1.04                 MORTGAGE NEWS BRIEFS
MORTGAGE RATES ARE STILL AT THEIR LOWEST IN OVER 100 YEARS!     Lawmakers Press Officials Over Mass Refinance Program  By: Ryan Schuette   Sixteen lawmakers from both parties inked their names to a widely circulated letter Wednesday that called for the implementation of a massive refinance program first proposed by President Barack Obama.  Read More in MReport
 
Mortgage Applications Tick Up 1.3%  Up from ... more

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