MORTGAGE LOCK ADVISORY
January 10, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily
Mortgage Interest Rate lock Advice for locks within 7 days: LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities are the up 0.03 point. MBS are seriously overbought and the market could reverse in the next couple of days.
30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT with Caution
There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.91%
MBS (3.5%) - 103.11, High: 103.16, Low: 103
DJI Stocks currently $12,491.99, Up $99.3, Change 0.795%
Asian & European Stock Market Indexes Up 1.646%
Nymex Crude Oil Currently $102.78 Up $1.47
MORTGAGE NEWS BRIEFS
No Excuses... Just Appointments
Words of wisdom from the TBS Daily Show 5 minute Video
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