MORTGAGE INTEREST RATE LOCK ADVISORY
August 15, 2013 :3:30 PM PST
LOCK ADVISORY
7 Day Close Mortgage Interest Rate lock or Float Advice: LOCK
The cost for a 3.50% rate based on Mortgage Backed Securities is up 0.59 point.
Wild ride today. prices for rates were up and down and up..
30 Day Close Mortgage Interest Rate Lock or Float Advice: LOCK
Lock on any market improvement the rate trend will be up for the rest of the year.
MORTGAGE MARKET INDICATORS
- National Average for 30-Yr Fixed Mortgage Rate is unchanged at 4.40% on August 15,.
- MBS (3.5%) - 99.59, High: 100.07, Low: 99.28
- DJI Stocks closed at $15,112.19, Down $-225.47, Change -1.492%
- Asian & European Stock Market Indexes changed -0.844%
- Crude Oil (WTI) Closed at $107.21 - Change -0.11%
- Gold 1 Once - $1,366.11
MORTGAGE and REAL ESTATE NEWS
By Krista Franks Brock - While rising home prices across the nation may be good news as they imply recovering markets, the trend may dampen housing affordability. Having been historically high for the past few years, affordability dipped somewhat in the second quarter of this year, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity index.
Increasing prices and mortgage rates "contributed to affordability slipping to the lowest level in four years," said David Crowe, chief economist at NAHB.>>Read More
Housing Affordability Dips to Four-Year Low in Second Quarter
By Krista Franks Brock - While rising home prices across the nation may be good news as they imply recovering markets, the trend may dampen housing affordability. Having been historically high for the past few years, affordability dipped somewhat in the second quarter of this year, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity index.Increasing prices and mortgage rates "contributed to affordability slipping to the lowest level in four years," said David Crowe, chief economist at NAHB.>>Read More
Comments(0)