DailyMORTGAGE LOCK ADVISORY
June 13, 2012, 6:45am PST
Click for Lock Advice Updated Several Times Daily
7 day Mortgage Interest Rate lock or Float Advice: LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.01 point.
Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.01 point.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK.
Rates could easily move higher or lower, but given the nearness to all time lows, there's generally more risk than reward regarding floating so my advice is to lock.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.75%
MBS (3.5%) - 104.67, High: 104.73, Low: 104.56
DJI Stocks currently $12,535.88, Down $-37.92, Change -0.302%
Asian & European Stock Market Indexes Down -0.245%
Nymex Crude Oil Currently $82.29 Down $1.03
Gold 1 Once - $1,620.02
MBS (3.5%) - 104.67, High: 104.73, Low: 104.56
DJI Stocks currently $12,535.88, Down $-37.92, Change -0.302%
Asian & European Stock Market Indexes Down -0.245%
Nymex Crude Oil Currently $82.29 Down $1.03
Gold 1 Once - $1,620.02
MORTGAGE NEWS BRIEFS
Breaking: Mortgage applications soar to three-year high
With interest rates below 4%, total mortgage applications for the week ending June 8 soared from the previous week, an industry trade group said.
The Mortgage Bankers Association noted that the refinance index increased more than 19%, reaching its highest level since April of 2009. Meanwhile, the seasonally adjusted purchase index increased about 13%, its highest in six months.>>Read More Housing Wire
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