DAILY MORTGAGE LOCK ADVISORY
November 7, 2011, 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 up 0.12 Point .
30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT
Tuesday 10-01-11, MBS closed above 102.00 which may signal a rate shift to the downside.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 4.00%
MBS (3.5%) - 102, High: 102.16, Low: 102
DJI Stocks currently $11,977.04, Down $-6.2, Change -0.052%
Asian & European Stock Market Indexes Up 0.222%
Nymex Crude Oil Currently $94.68 Up $0.42
MORTGAGE NEWS BRIEFS
Greek Turmoil, G-20 Decisions Target U.S. Lenders
By: Ryan Schuette
Political trouble in Greece sent stocks and shares for major mortgage lenders tumbling Friday, even as the world's 20 wealthiest nations placed eight U.S. banks on a list that may require systemically risky institutions to shore up their capital reserves » Read More MReport
Credit Unions Vie with Banks for Consumers, Mortgages
Rising debit card fees drove some 650,000 consumers to credit unions over October, with social media movements responsible for galvanizing the exodus, according to a recent survey. The Credit Union National Association laid claim to the figures in a survey for which the trade group polled some 5,000 credit unions nationwide. The ruckus over debit card fees began in September when the nation's largest lenders floated the idea of an increase in monthly payments for debit-card users. This only marks the latest in a string of public relations problems. » Read More MReport
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