DailyMORTGAGE LOCK ADVISORY
June 15, 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 down 0.20 point.
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.20 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%) - 104.78, High: 104.88, Low: 104.78
DJI Stocks currently $12,514.77, Up $18.39, Change 0.147%
Asian & European Stock Market Indexes Down -0.173%
Nymex Crude Oil Currently $82.85 Up $0.23
Gold 1 Once - $1,624.70
MBS (3.5%) - 104.78, High: 104.88, Low: 104.78
DJI Stocks currently $12,514.77, Up $18.39, Change 0.147%
Asian & European Stock Market Indexes Down -0.173%
Nymex Crude Oil Currently $82.85 Up $0.23
Gold 1 Once - $1,624.70
MORTGAGE NEWS BRIEFS
Housing Outlook 'Significantly Brighter' Than Year Ago by Krista Franks Brock
According to Harvard University's Joint Center for Housing Studies, the key to the housing market recovery is job growth. "What the for-sale market needs most is a sustained increase in employment to bring household growth back to its longterm pace," the Joint Center stated in its recent report, The State of the Nation's Housing 2012 >>Read More MReport
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