DailyMORTGAGE LOCK ADVISORY
June 19, 2012, 6:30am 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 0.06 point.
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.06 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 3.67%
MBS (3.5%) - 105.06, High: 105.14, Low: 105.06
DJI Stocks currently $12,802.44, Up $60.62, Change 0.474%
Asian & European Stock Market Indexes Up 1.152%
Nymex Crude Oil Currently $84.04 Up $0.77
Gold 1 Once - $1,628.03
MBS (3.5%) - 105.06, High: 105.14, Low: 105.06
DJI Stocks currently $12,802.44, Up $60.62, Change 0.474%
Asian & European Stock Market Indexes Up 1.152%
Nymex Crude Oil Currently $84.04 Up $0.77
Gold 1 Once - $1,628.03
MORTGAGE NEWS BRIEFS
Lenders Chase Evolving Fraud Risks
Lenders can try as hard as they want to prevent mortgage fraud from taking place across the country, but it always seems that the fraudsters will outsmart financial institutions and be one step ahead of them when devising a scheme.>> Read More Origination News
Key Market Moving Events For Tuesday, June 19
Tuesday is a relatively busy day, with readings of housing starts and building permits giving a fresh update of the industry in the U.S. Internationally, French business confidence and British inflation reports may guide shares. >>Read more Business Insider
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