MORTGAGE INTEREST RATE LOCK ADVISORY
August 22, 2014, 8:00 AM PST
LOCK ADVISORY
7 Day Close Mortgage Interest Rate lock or Float Advice: NUETRAL
- The price for 3.50% Mortgage Loans based on MBS is currently up 0.11 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 4.10% on August 21
MBS (3.5%) - Currently 102.42, High: 102,62, Low: 102.35
DJI Stocks currently $17,017.66, Down $21.83, Change -0.128%
Asian & European Stock Market Indexes changed -0.219%
Crude Oil (WTI) Currently $93.72 - Change -0.26%
Gold 1 Ounce - $1,274.30
MORTGAGE AND REAL ESTATE NEWS
FHA pushes blueprint to help lenders lift credit overlays
BPC Summit: Forward plan to broaden the FHA credit box
Trey GarrisonThe most important agenda for the Federal Housing Administration moving forward is creating a more transparent blueprint for lenders so that they have more underwriting confidence and can remove some of their credit overlays and lend to a broader credit box for FHA-backed loans.
That's the word from Assistant HUD Secretary and outgoing FHA Commissioner Carol Galante, speaking to HousingWire while currently attending the Bipartisan Policy Commission's housing policy summit in Sun Valley, Idaho.
HousingWire is the BPC's media partner in the mortgage finance trade. The two organizations are joining forces to promote and cover the BPC Housing Commission's upcoming Housing America's Future: 2014 Housing Summit next month in Washington, D.C.>>Read More HousingWire
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