MORTGAGE INTEREST RATE LOCK ADVISORY
July 22, 2014, 8:00 AM PST
LOCK ADVISORY
7 Day Close Mortgage Interest Rate lock or Float Advice: FLOAT
- The price for 3.50% Mortgage Loans based on MBS is currently up 0.10 point.
30 Day Close Mortgage Interest Rate Lock or Float Advice: LOCK
MORTGAGE MARKET INDICATORS
- FHLMC Average: 30-Yr Fixed Mortgage Rate, down 0.02% to 4.13% on July 17.
MBS (3.5%) - Currently 102.41, High: 102.63, Low: 102.28
DJI Stocks currently $17,120.26, Up $68.53, Change 0.4%
Asian & European Stock Market Indexes changed 1.287%
Crude Oil (WTI) Currently $104.22 - Change -0.35%
Gold 1 Ounce - $1,306.00
MORTGAGE AND REAL ESTATE NEWS
Is this why 3.6 million ready homeowners aren't selling in 2014?
One in three current mortgage holders have a rate below 4%
Trey Garrison - As home price appreciation has slowed dramatically, normally it would be a good time for homeowners looking to relocate, upsize or downsize. However, there's a new problem many are facing.
That problem is that doing so, for many homeowners, would mean surrendering a dynamite mortgage interest rate, which means even if the home they want to buy is about the same price or just a little more, they could end up paying much more per month.>>MReport
Trey Garrison - As home price appreciation has slowed dramatically, normally it would be a good time for homeowners looking to relocate, upsize or downsize. However, there's a new problem many are facing. That problem is that doing so, for many homeowners, would mean surrendering a dynamite mortgage interest rate, which means even if the home they want to buy is about the same price or just a little more, they could end up paying much more per month.>>MReport
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