DailyMORTGAGE LOCK ADVISORY
May 30, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily
7 day Mortgage Interest Rate lock or Float Advice: FLOAT.
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.27 point.
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.27 point.
30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT.
While it is possible can go a little lower, rates are presently excellent and the best advice is to lock whenever possible.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.78%
MBS (3.5%) - 104.55, High: 104.58, Low: 104.28
DJI Stocks currently $12,470.95, Down $-109.74, Change -0.88%
Asian & European Stock Market Indexes Down -0.929%
Nymex Crude Oil Currently $88.82 Down $1.94
Gold 1 Once - $1,542.95
MORTGAGE NEWS BRIEFS
The Fundamentals: 5 More Do's And Don'ts For Social Media Success
By Kerri Panchuk* May 29, 2012 * 8:10am
Home prices nationwide continued to decline in the first quarter of 2012, but at a moderate pace, according to the latest Standard & Poor's/Case-Shiller Home Price Indices. S&P called the drop in prices as hitting "new post-crisis lows." Read More Housing Wire
Sometimes all it takes is a simple reminder. After all, it's easy to forget the basics and fundamentals of anything once you get going. So being reminded of the seemingly small details can often make the difference between success and failure. When it comes to social media, the ever-expanding list of apps, plugins, widgets, websites, and platforms can confound even the savviest online observer. Read More Ibis Network
Case-Shiller home prices decline 2% in Q1 to new post-crisis lows
By Kerri Panchuk* May 29, 2012 * 8:10am
Home prices nationwide continued to decline in the first quarter of 2012, but at a moderate pace, according to the latest Standard & Poor's/Case-Shiller Home Price Indices. S&P called the drop in prices as hitting "new post-crisis lows." Read More Housing Wire
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