MORTGAGE INTEREST RATE LOCK ADVISORY
January 10, 2014 8:00 AM PST
LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice: LOCK
The cost for a 4.00% rate based on Mortgage Backed Securities is Down 0.59 point
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MARKET INDICATORS
- National Average for 30-Yr Fixed Mortgage Rate is down 0.02% to 4.51% on Jan. 9
- MBS (4%) - Currently 103.47, High: 103.52, Low: 102.88
- DJI Stocks currently $16,411.39, Down $-33.37, Change -0.203%
- Asian & European Stock Market Indexes changed 0.406%
- Crude Oil (WTI) Currently $92.18 - Change 0.57%
- Gold 1 Once - $1,245.16
REAL ESTATE & MORTGAGE NEWS
Slow Week Sees Mixed News for Mortgage Rates
By: Tory Barringer -This week saw conflicting reports of interest rate movements, despite markets having little news with which to react.Freddie Mac's Primary Mortgage Market Survey showed little movement among fixed rates for the week ending January 9, with the 30-year fixed-rate mortgage (FRM) averaging 4.51 percent (0.7 point), down from 4.53 percent. A year ago, the 30-year FRM was recorded at 3.40 percent. >>Read More
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