MORTGAGE INTEREST RATE LOCK ADVISORY
August 6, 2014, 8:00 AM PST
LOCK ADVISORY
7 Day Close Mortgage Interest Rate lock or Float Advice: NEUTRAL
- The price for 3.50% Mortgage Loans based on MBS is currently down 0.04 point.
30 Day Close Mortgage Interest Rate Lock or Float Advice: LOCK
MORTGAGE MARKET INDICATORS
- FHLMC Average: 30-Yr Fixed Mortgage Rate, down 0.01 to 4.12% on July 31.
- MBS (3.5%) - Currently 102.34, High: 102.58, Low: 102.30
- DJI Stocks currently $16,443.07, Up $13.6, Change 0.083%
- Asian & European Stock Market Indexes changed -1.544%
- Crude Oil (WTI) Currently $97.79 - Change 0.42%
- Gold 1 Ounce - $1,307.79
MORTGAGE AND REAL ESTATE NEWS
Author: Tory Barringer - Credit availability opened up a little bit more in July as lenders added more jumbo loan offerings and loosened criteria for certain government-backed loans.
The Mortgage Bankers Association (MBA) reported a 0.5 percent increase in its Mortgage Credit Availability Index (MCAI) for the month of July, putting the index at 116.4.
According to the group, the main force behind the increase was a rise in the number of jumbo adjustable-rate mortgage (ARM) programs, with many investors adding 5/1, 7/1, 10/1, and 3/1 offerings. >>Read More
Mortgage Credit Loosens in July Index
Author: Tory Barringer - Credit availability opened up a little bit more in July as lenders added more jumbo loan offerings and loosened criteria for certain government-backed loans.The Mortgage Bankers Association (MBA) reported a 0.5 percent increase in its Mortgage Credit Availability Index (MCAI) for the month of July, putting the index at 116.4.
According to the group, the main force behind the increase was a rise in the number of jumbo adjustable-rate mortgage (ARM) programs, with many investors adding 5/1, 7/1, 10/1, and 3/1 offerings. >>Read More
Comments (0)Subscribe to CommentsComment