MORTGAGE INTEREST RATE LOCK ADVISORY
August 19, 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 0.34 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 4.12% on August 14
- MBS (3.5%) - Currently 102.6, High: 102,77, Low: 102.53
- DJI Stocks currently $16,894.97, Up $56.23, Change 0.333%
- Asian & European Stock Market Indexes changed 0.423%
- Crude Oil (WTI) Currently $95.99 - Change -0.44%
- Gold 1 Ounce - $1,295.15
MORTGAGE AND REAL ESTATE NEWS
Builder Confidence Improves Third Month
By Tory Barranger
Builder confidence in the market for newly built, single-family homes continued to improve this month, despite ongoing shakiness in new construction numbers.
The National Association of Home Builders (NAHB) reported on Monday a two-point increase in itsHousing Market Index, a gauge of builder sentiment measuring current single-family new home sales, expected sales six months out, and volume of traffic from prospective homebuyers.>>
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