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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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