DAILY MORTGAGE INTEREST RATE LOCK ADVISORY
August 12, 2011, 3:00 PM PST
Click for Lock Advice Updated Several Times Daily
Mortgage Interest Rate lock Advice for locks within 2 days: FLOAT
Mortgage prices based on Mortgage Backed Securities closed Friday down 0.43 point and down 1.91 points for the week.
Mortgage Interest Rate Lock or Float Advice: FLOAT with Caution
Due to US and world financial market uncertainty be very cautious. This rate market could run away from you in a heartbeat so the best best bet is to lock low rates whenever there is a downward shift.
MARKET INDICATORS
30 Year Fixed Interest Rate - National Average 4.39%.
MBS (FNMA 30-year 4.0) - Current: 104.25, High: 104.41, Low: 103.84
DJI Stocks closed at $11,269.02, Up $125.71, Change 1.13%
Asia & Europe Indexes Up 2.319%
Nymex Crude Oil Closed at $85.38 Down $0.34
MORTGAGE MARKET NEWS BRIEFS
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if you want Business Contacts go to LinkedIn; If you want to socialize go to Facebook.
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S&P/Case-Shiller: Home Values Rise By Brian Collins Home prices rose 1% in May compared to April, and 16 of 20 metropolitan areas tracked by the Standard & Poor's/Case-Shiller house price index registered monthly price gains. >> Read more in Origination News
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