DailyMORTGAGE LOCK ADVISORY
May 22, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily
Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.25 point.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK on any improvement.
Rates are presently excellent and the best advice is to lock whenever possible.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.79%
MBS (3.5%) - 104.13, High: 104.88, Low: 104.13
DJI Stocks currently $12,495.32, Down $-9.16, Change -0.073%
Asian & European Stock Market Indexes Up 1.575%
Nymex Crude Oil Currently $92.21 Down $0.36
Gold 1 Once - $1,579.00
MORTGAGE NEWS BRIEFS
Housing Finds Sustainable Recovery Amid Threats
By: Krista Franks Brock
In its latest monthly report released Monday, Capital Economics painted a positive picture of the housing market, insisting the market "has moved from bottoming-out to recovering."
Homes for Sale Grow Scarce as Sellers Await Higher Prices
A real estate agent near California's Silicon Valley seeks sellers by combing property records for people who've owned their houses for at least 40 years. A Denver-area broker offers half his commission for a listing, while a counterpart in South Florida hosts happy hour gatherings at bars to loosen up homeowners reluctant to sell. The Niche Report
Comments(2)