MORTGAGE INTEREST RATE LOCK ADVISORY
June 18, 2014 8:00 AM PST
LOCK ADVISORY
7 Day Close Mortgage Interest Rate lock or Float Advice: LOCK
- The price for 3.50% Mortgage Loans based on MBS is currently Down 0.18 point.
Close Mortgage Interest Rate Lock or Float Advice: LOCK
MORTGAGE MARKET INDICATORS
- FHLMC Average: 30-Yr Fixed Mortgage Rate, up 0.06% to 4.20% on June 12.
- MBS (3.5%) - Currently 101.87, High: 101.94, Low: 101.69
- DJI Stocks currently $16,786.63, Down $21.86, Change -0.13%
- Asian & European Stock Market Indexes changed 0.331%
- Crude Oil (WTI) Currently $106.58 - Change 0.21%
- Gold 1 Ounce - $1,271.13
MORTGAGE AND REAL ESTATE NEWS
Daily Real Estate News - Many consumers are overestimating the down payment they need in order to purchase a home, according to Christina Boyle, vice president and head of single-family sales at Freddie Mac.
Consumers believe they need 11 percent to 15 percent in order for lenders to approve them for a loan, according to a survey of renters and non-home-owners conducted by Zelman & Associates in New York. Thirty-nine percent say they need at least 15 percent of the purchase price in order to qualify for financing. Only 28 percent of respondents say they would even qualify for a mortgage >>Read More Realtor Mag
You Don't Need That Much of a Down Payment
Daily Real Estate News - Many consumers are overestimating the down payment they need in order to purchase a home, according to Christina Boyle, vice president and head of single-family sales at Freddie Mac.Consumers believe they need 11 percent to 15 percent in order for lenders to approve them for a loan, according to a survey of renters and non-home-owners conducted by Zelman & Associates in New York. Thirty-nine percent say they need at least 15 percent of the purchase price in order to qualify for financing. Only 28 percent of respondents say they would even qualify for a mortgage >>Read More Realtor Mag
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