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Congress Wants to Take Away Your Mortgage Deduction
DailyMORTGAGE LOCK ADVISORY 
June 27, 2012, 6:45am PST
Click for Lock Advice Updated Several Times Daily
      
7 day Mortgage Interest Rate lock or Float Advice: FLOAT Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.03 point. 30 Day Mortgage Interest Rate Lock or Float Advice: LOCK.
Rates could easily move higher or lower, but given the nearness to all time lows, there's generally more risk than reward regarding floating so my advice is to lock.
 
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.66% MBS (3.5%) - 105.03, High: 105.08, Low: 104.97   DJI Stocks currently $12,578.87,  Up $44.2, Change 0.351%   Asian & European Stock Market Indexes Up 0.674%   Nymex Crude Oil Currently $79.65 Up $0.29   Gold 1 Once - $1,574.84           MORTGAGE NEWS BRIEFS 
NOTE TO READERS - This article is absolute BS.  But you need to read it because your legislators will attempt to use this type of thinking to do away with your Mortgage Interest Rate deduction.  If you sit tight and do nothing they will take it away!  You need to be angry and contact your legislators.  You also must be aware that academic hacks exist happy to justify any result for pay. Who Really Benefits from the Mortgage Interest Deduction?A recent article ... more

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