MORTGAGE INTEREST RATE LOCK ADVISORY
April 14, 2016, 8:10 AM PST
FEATURED LOAN
- REVERSE MORTGAGE (HECM)
- Financial Freedom for Qualified Seniors
- Click for Reverse Mortgage Details
LOCK ADVISORY - Click for current Lock Advice
- 1-14 Day Close: LOCK on Any Improvement.
- 15-30 Day Close: LOCK
- 31-45 Day Close: LOCK
- Recommendations can change throughout the day.
MORTGAGE MARKET INDICATORS - Click for current Market Rates
- Freddie Mac Average:30-Yr FRM, Down 0.01% to 3.58% on 4-14-16.
Rate Price Based on 3% MBS, Up 0.14 Point.
DJI Stocks - Currently, $17,931.43, Up $23.15 0.13%
Asian & European Stock Market Indexes Up 0.811%
Crude Oil (WTI) - Currently, $41.73, Down ($0.03)
Gold 1 Ounce - Currently, $1,232.80, Down ($16.00)
MARKET REPORTS & ANALYSIS
- 30-year fixed-rate mortgage (FRM) averaged 3.58 percent with an average 0.5 point for the week ending April 14, 2016, down from last week when they averaged 3.59 percent. A year ago at this time, the 30-year FRM averaged 3.67 percent.
- New legislation would permanently bar using Fannie, Freddie g-fees for federal spending
For much of last year, Congress engaged in a fight over the potential use of funds raised from Fannie Mae and Freddie Mac's guarantee fees to cover federal spending. New legislation introduced this week in the House of Representatives would ensure that a fight over the use of g-fees to fund federal spending will never happen, by permanently banning the use of g-fees as budgetary offsets.
NEWS LINKS
- Obtaining a mortgage gets a little easier
- Foreclosures now lowest since housing crisis
- Purchase applications surge to new high
- Former real estate sales associate gets 4 years for mortgage fraud.
- Wells Fargo is Fined $1.2 Billion Over ˜Shoddy" Mortgage Practices
- First-time homebuyers want to skip 'starter home'
- California just announced a big boost for first-time buyers
- What's the fastest way to improve your credit score?
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The resident manager of the building was called into a rental apartment where the tenant pointed to some water running down the wall. The water appeared to be originating from the apartment above approximately where their bathroom sink would be. So he went upstairs and asked the lady there if she'd had a leak in her sink. She replied "Oh no Mr. Brown, I would never do anything like that."
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