DAILY MORTGAGE INTEREST RATE LOCK ADVISORY
September 6, 2011, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily
Mortgage Interest Rate lock Advice for locks within 1 day: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.12 point. Expect lower rates this morning.
30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT
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 bet is to lock historically low rates whenever there is a downward shift.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 4.22%
MBS (FNMA 30-year 3.5) - 101.78, High: 101.94, Low: 101.69
DJI Stocks currently $10,971.43, Down $-268.83, Change -2.39%
Asian & European Stock Market Indexes Down -1.032%
Nymex Crude Oil Currently $83.91 Down $2.54
MORTGAGE NEWS BRIEFS
Unemployment, Mortgages and Hope
By Paul Muolo
I'm not one to spout out Pollyanna hope to readers when there is none. Friday's job figures from Uncle Sam was a blow to the gut, the only good news being that it could've been worse. Here's one ray of hope: the mortgage brokerage segment added jobs for the first time since October 2010. Maybe former NAMB chief Marc Savitt is right - that brokers may have a brighter future than most think
Read More at National Mortgage News
News Flip, latest report shows 90.9% of Americans are Employed!
If you really want to understand what is going on watch the bipartisan movie "Too Big to Fail" and the documentary "Inside Job" Then after you have watched them consider publicly funded elections to take back our government from big money interests.
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