MORTGAGE INTEREST RATE LOCK ADVISORY
November 26, 2013 8:00 AM PST
7 Day Mortgage Interest Rate lock or Float Advice: LOCK
The cost for a 3.50% rate based on Mortgage Backed Securities is down 0.09 point
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
- National Average for 30-Yr Fixed Mortgage Rate is down 0.13% to 4.22% on Nov 21,.
- MBS (3.5%) - Currently 101.24, High: 101.3, Low: 101.11
- DJI Stocks currently $16,089.53, Up $16.99, Change 0.106%
- Asian & European Stock Market Indexes changed -0.294%
- Crude Oil (WTI) Currently $94.11 - Change 0.02%
- Gold 1 Once - $1,245.94
REAL ESTATE & MORTGAGE NEWS
October Pending Home Sales Down 0.6%
By: Tory Barringer - Pending home sales slipped a bit further in October, reflecting an overall declining trend amid mixed regional numbers.
The National Association of Realtors' (NAR) Pending Home Sales Index (PHSI), a forward-looking sales indicator based on contract signings, was 102.1 in October, a drop of 0.6 percent from September's revised level of 102.7. It was the fifth consecutive monthly decline.
Compared to October 2012, the PHSI was down 1.6 percent, NAR reported. >>Read More