DAILY MORTGAGE LOCK ADVISORY
September 26, 2011, 7:00AM 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 up 0.02 point. Points closed Up 0.87 point on Friday and down 1.69 points on the week.. Nice!
30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT
On Wed. 09-21-2011 3.5% Mortgage Backed Securities (MBS) broke through a long standing resistance level which is very good news for mortgage rates
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 4.09% A Hundred Year Low
MBS (FNMA 30-year 3.5) - 102.7, High: 102.94, Low: 102.69
DJI Stocks currently $10,867.75, Up $96.27, Change 0.89%
Asian & European Stock Market Indexes Up 0.499%
Nymex Crude Oil Currently $79.46 Down $0.39
MORTGAGE NEWS BRIEFS
FRIDAY MORTGAGE RATES CLOSED AT THE LOWEST RATES IN OVER 100 YEARS!
This Week;
Treasury will auction $99B of notes as it normally does the last week of the month. While markets will look at the data, the bigger issue continues to be on Europe's inability to come to some plan to avoid debt defaults in Greece and the other troubled countries in the EU. The essential core of the inability to come up with a plan is that the EU, the ECB do not have enough capital do do it-----pushing on the string
. David Shirmeryer - Rate Alert.
Stocks May Show Notable Move To The Upside At The Open - U.S.
Stocks are likely to move to the upside in early trading on Monday amid optimism about the ongoing European debt crisis. The major index futures are currently pointing to a notably higher open, with the Dow futures up by 98 points. Read More at RTTNews
Fed: Lower Jumbo Loan Limits Unlikely to Crimp Markets
Ryan Schuette
Ahead of lower limits for conforming jumbo loans, nearly assured in October as Congress disagrees even over stopgap spending bills, the Federal Reserve offered a revealing look at the market Friday by releasing a report on the health of the housing market. The consensus: falling limits will likely only nudge the jumbo loan market, not tip it over, as some critics claim
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