MORTGAGE INTEREST RATE LOCK ADVISORY
November 13, 2013 :7:30 AM PST
LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice: Float With Caution
The cost for a 3.50% rate based on Mortgage Backed Securities is up 0.35 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 up 0.06% to 4.16% on Nov 7,.
MBS (3.5%) - Currently 100.55, High: 100.69, Low: 100.434
DJI Stocks currently $15,680.16, Down $-70.51, Change -0.45%
Asian & European Stock Market Indexes changed -0.672%
Crude Oil (WTI) Currently $93.76 - Change 0.77%
Gold 1 Once - $1,272.03
MORTGAGE & REAL ESTATE NEWS
Third-Quarter Refinancers to Save $6B Over Next Year

According to the results of the company's latest quarterly refinance analysis, the average interest rate reduction among those who refinanced in Q3 was about 1.8 percent, representing a savings of about 30 percent ($3,500 over 12 months on a $200,000 loan). For borrowers who refinanced last quarter, the estimated interest savings over the next year will be about $6 billion.>>Read More
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