Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Mortgage Market & Lock Commentary - 12-29-2011
DAILY MORTGAGE LOCK ADVISORY 
December 29, 2011, 12:30 PM PST
Click for Lock Advice Updated Several Times Daily  
   
Mortgage Interest Rate lock Advice for locks within 7 days:  FLOATMortgage Points based on 3.5% Mortgage Backed Securities are down 0.14 point. 
 
30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution
There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.
 
MORTGAGE MARKET INDICATORS 
National Average Fixed Rate Mortgage 3.91%         MBS (3.5%) - 102.7, High: 102.81, Low: 102.5            DJI Stocks currently $12,273.34,  Up $121.93, Change 0.993%            Asian & European Stock Market Indexes Up 0.412%            Nymex Crude Oil Currently $99.68 Up $0.32    
           MORTGAGE NEWS BRIEFS  
Signs show strategic default on the decline      New Survey Finds 59% of Homeowners Would Not Consider Strategic Default RealtyTrac is calling 2011 the year of foreclosure litigation, strategic default, failing foreclosure law firms and shadow inventory.     It also was a year of infighting between regulators, underwater mortgages and the year when Mortgage Electronic Registration Systems faced suits over everything from its business model to its assignment procedures. Read More Housing ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention