MORTGAGE INTEREST RATE LOCK ADVISORY
August 12, 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 0.26 point.
30 Day Close Mortgage Interest Rate Lock or Float Advice: LOCK
MORTGAGE MARKET INDICATORS
- FHLMC Average: 30-Yr Fixed Mortgage Rate, up 0.02 to 4.14% on August 7
- MBS (3.5%) - Currently 102.3, High: 102.38, Low: 102.2
- DJI Stocks currently $16,549.24, Down $20.74, Change -0.125%
- Asian & European Stock Market Indexes changed 0.287%
- Crude Oil (WTI) Currently $97.40 - Change -0.69%
- Gold 1 Ounce - $1,315.42
MORTGAGE AND REAL ESTATE NEWS
How happy are Americans with their housing, compared to the rest of the world? According to the Paris-based Organization for Economic Cooperation and Development (OECD), we're pretty well off in that arena.
The OECD has been collecting responses to its Better Life Index for the last three years, and finds that Americans' "housing conditions and spending" ranking is 7.8, coming in at the top of the 180-country list. However, Americans rank their own satisfaction with housing at one percent less than the OECD average of 87 percent. Nations where residents ranked themselves more satisfied included Germany, Ireland, Spain, and Belgium.
Apparently, Americans don't know how good they have it. So what makes U.S. dwelling so great on a world scale? Americans spend less of their gross adjusted disposable income on housing; only 19 percent compared with the 21 percent OECD average. The facilities are on average a bit nicer as well, with 99.9 percent of people in the United States living in dwellings with private access to an indoor flushing toilet. Also, the United States came in fifth in terms of overcrowding, with around 2.3 rooms per person. >>Read More
How U.S. Housing Compares Worldwide
Daily Real Estate News How happy are Americans with their housing, compared to the rest of the world? According to the Paris-based Organization for Economic Cooperation and Development (OECD), we're pretty well off in that arena.The OECD has been collecting responses to its Better Life Index for the last three years, and finds that Americans' "housing conditions and spending" ranking is 7.8, coming in at the top of the 180-country list. However, Americans rank their own satisfaction with housing at one percent less than the OECD average of 87 percent. Nations where residents ranked themselves more satisfied included Germany, Ireland, Spain, and Belgium.
Apparently, Americans don't know how good they have it. So what makes U.S. dwelling so great on a world scale? Americans spend less of their gross adjusted disposable income on housing; only 19 percent compared with the 21 percent OECD average. The facilities are on average a bit nicer as well, with 99.9 percent of people in the United States living in dwellings with private access to an indoor flushing toilet. Also, the United States came in fifth in terms of overcrowding, with around 2.3 rooms per person. >>Read More
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