MORTGAGE INTEREST RATE LOCK ADVISORY
December 17, 2013 8:15 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 down 0.17 point
Rate prices are down this morning and it would be a good time to lock.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MARKET INDICATORS
- National Average for 30-Yr Fixed Mortgage Rate is up 0.04% to 4.42% on Dec. 12
- MBS (3.5%) - Currently 99.88, High: 99.98, Low: 99.74
- DJI Stocks currently $15,842.58, Down $-41.99, Change 0%
- Asian & European Stock Market Indexes changed -0.434%
- Crude Oil (WTI) Currently $97.69 - Change 0.22%
- Gold 1 Once - $1,230.51
REAL ESTATE & MORTGAGE NEWS
West Home to Healthiest Housing Markets
By Howard Goldthwaite - According to Zillow's October Market Health Index, the healthiest housing markets are in California and other areas in the western United States.
The top five markets with the healthiest index readings were San Jose (index of 9), San Francisco (8.9), Los Angeles (8.6), San Diego (8.4), and Denver (8.1). The next five markets were Boston, Pittsburgh, Portland, New York, and Sacramento.
The study reveals home values in the leading market, San Jose, have increased 19.6 percent compared to one year ago, with a median selling price of $731,500. Home values in San Francisco, the second healthiest market, actually increased 24.1 percent.
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