MORTGAGE INTEREST RATE LOCK ADVISORY
September 4 2013 :11:40 AM PST
LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice: LOCK
The cost for a 4.00% rate based on Mortgage Backed Securities is up 0.35 point
Rates look like they will continue up for the foreseeable future. Lock on any improvement
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MARKET INDICATORS
- National Average for 30-Yr Fixed Mortgage Rate is down 0.07% to 4.51% on August 29,.
- MBS (4%) Currently 102.38, High: 102.83, Low: 102.38
- DJI Stocks currently $14,933.21, Up $99.25, Change 0.665%
- Asian & European Stock Market Indexes changed -0.129%
- Crude Oil (WTI) Currently $107.01 - Change -1.41%
- Gold 1 Once - $1,390.50
MORTGAGE and REAL ESTATE NEWS
Home Prices Unfazed By Rising Rates in July
By Jann Swanson - Home prices jumped by 1.8 percent nationally during the month of July. CoreLogic reported that values on its Home Price Index (HPI) which excludes sales of distressed homes, rose in every state during the month, and when distressed prices are included only one state, Delaware, posted a drop in its HPI.>>Read More
The Dying Legacy of the Financial Crisis
By John Maxfield |- The financial crisis is not dead, but it is dying. Investors were reminded of this earlier today. According to the data analytics firm CoreLogic, the number of home foreclosures completed in the month of July fell by 25% compared to the same month last year."Foreclosures and delinquency rates continued their rapid descent in July," noted President and CEO Anand Nallathambi. "Every state posted a year-over-year decline in foreclosures and serious delinquencies fell to the lowest level since December 2008." >>Read More
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