MORTGAGE INTEREST RATE LOCK ADVISORY
April 30, 2014 2:45 PM PST
LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice: FLOAT
The cost for a 4.00% rate based on Mortgage Backed Securities closed down 0.32 point.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MARKET INDICATORS
- FHLMC Average: 30-Yr Fixed Mortgage Rate, up 0.04% to 4.33% on April 24.
- MBS (4%) - Closed at: 104.77, High: 104.89, Low: 104.31
- DJI Stocks closed at $16,580.84, Up $45.47, Change 0.274%
- Asian & European Stock Market Indexes changed -0.21%
- Crude Oil (WTI) Currently $99.69 - Change -1.57%
- Gold 1 Ounce - $1,290.60
MORTGAGE AND REAL ESTATE NEWS
By: Tory Barringer - Following a Redfin report indicating one in four homeowners have buyer's remorse over their current home, new research from Chase shows more than half of recent homebuyers wish they had gone into the process with greater knowledge about the financial aspects.
In a survey of more than 800 recent homebuyers, a combined 56 percent said they wish they were armed with more knowledge about the financing aspects of purchasing a house. >>
FHA 99.50% Financing
99.50% financing is available in California using a FHA 99.5% LTV first and 3% LTV secondary financing. Email for details This program is available in some other states. Check with local lenders.
What Recent Buyers Wish They Knew
By: Tory Barringer - Following a Redfin report indicating one in four homeowners have buyer's remorse over their current home, new research from Chase shows more than half of recent homebuyers wish they had gone into the process with greater knowledge about the financial aspects. In a survey of more than 800 recent homebuyers, a combined 56 percent said they wish they were armed with more knowledge about the financing aspects of purchasing a house. >>
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