Rates Basically unchanged at Market Close 9-30-13

By
Real Estate Broker/Owner with One @ Done Exclusive Buyer Agent
MORTGAGE INTEREST RATE LOCK ADVISORY
September 30, 2013  :4:30 PM PST 

  

LOCK ADVISORY

7 Day Mortgage Interest Rate lock or Float Advice:LOCK

The cost for a 3.50% rate based on Mortgage Backed Securities closed down 0.15 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 0.18% to 4.32% on Sept. 26,.
  • MBS (3.5%) - Closed at:  101.88, High: 101.94, Low: 101.59
  • DJI Stocks closed at $15,129.67,  Down $-128.57, Change -0.85%
  • Asian & European Stock Market Indexes changed -1.133%
  • Crude Oil (WTI) Closed at $102.35 - Change 0.02%
  • Gold 1 Once - $1,329.15

REAL ESTATE & MORTGAGE NEWS

 

Five Ways Google Glass Will Change Real Estate 

By Jackie Ruiz - In 2014, Google Glass will leave the testing roam and become available for consumers everywhere. The wearable tech from the search giant is the first of its kind and building hype as various industries race to use Glass to their advantage. The obvious players are there-social networks, photography, navigation-but real estate is already finding ways to use Glass in revolutionary ways.

Property search
Browsing homes and rentals online is often unorganized and frustrating. Listings have missing data, photos and information about the neighborhood. But now a person can soon walk down the street wearing Glass and see, in real time, which properties in the community are for sale and rent. >>Read More

 

 

Call it the summer of the cash sale.

All-cash home purchases skyrocketed during the summer months of 2013, with their share of total sales growing by more than 40 percent from the beginning of June to the end of August, amid sustained appetite from investors, a recent spike in interest rates and tight inventory.

Cash purchases accounted for 45 percent of sales in August, up from the 2013 trough of 32 percent seen in April and May, according to RealtyTrac data provided exclusively to Inman News. >>Read More  

 

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