MORTGAGE INTEREST RATE LOCK ADVISORY
October 30 2013 :9:00 AM 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 is up 0.30 point
It appears the MBS market has the possibility of a pullback after a good run
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MARKET INDICATORS
- National Average for 30-Yr Fixed Mortgage Rate is down 0.15% to 4.13% on Oct 24,.
- MBS (3.5%) - Currently 102.98, High: 102.98, Low: 102.69
- DJI Stocks currently $15,652.19, Down $-28.16, Change -0.18%
- Asian & European Stock Market Indexes changed -0.129%
- Crude Oil (WTI) Currently $97.33 - Change -0.89%
- Gold 1 Once - $1,354.30
REAL ESTATE & MORTGAGE NEWS
MBA Puts Out 2014 Projections, Predicts 32% Drop in Originations
By Tory Barranger - Next year's mortgage numbers are on track to fall off by nearly a third as the decline in refinances outpaces the slow growth of purchase originations, according to a forecast released Tuesday by the Mortgage Bankers Association (MBA).MBA said it expects mortgage originations to total $1.2 trillion through 2014, a 32 percent decline from 2013's estimate, which was upwardly revised to $1.7 trillion based on Home Mortgage Disclosure Act (HMDA) data released in September. » Read More
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