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Five Top Banks offer $25 Billion to Troubled Homeowners.
MORTGAGE LOCK ADVISORY January 24, 2012, 6:30 AM PST Click for Lock Advice Updated Several Times Daily Mortgage Interest Rate lock Advice for locks within 7 days: FLOAT Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.15 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 3.88% MBS (3.5%) - 102.78, High: 102.81, Low: 102.63 DJI Stocks currently $12,644.41, Down $-64.41, Change -0.509% Asian & European Stock Market Indexes Down -0.27% Nymex Crude Oil Currently $98.55 Down $1.03 MORTGAGE NEWS BRIEFS Five Top Banks offer $25 Billion to Troubled Homeowners. The nation's five largest mortgage lenders have offered a draft settlement to pay out as much as $25 billion to cover new terms for homeowners driven out by foreclosure. Read More Fox News Investors buying with cash pressure home prices by KERRI PANCHUK Monday, January 23rd, 2012Investors are gobbling up residential real estate with cash, pushing national home prices lower, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. The overall proportion of cash buyers in ... more
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