DAILY MORTGAGE INTEREST RATE LOCK ADVICE

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Mortgage and Lending NMLS 291249

DAILY MORTGAGE INTEREST RATE LOCK ADVISORY
June 24, 2011, 6:30 AM PST
Lock Advice is Updated Several Times Daily

Mortgage Interest Rate lock Advice for locks within 2 days:  LOCK
Mortgage Points based on Mortgage Backed Securities are up 0.05 Point .

Long Term Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution.
Long term: We may be near the end of a rally supported by European financial instability causing Europeans to invest in the safety of US bonds which supported mortgage prices.  Once the European market stabilizes we could see higher rates.

  • MARKET INDICATORS
    30 Year Fixed Interest Rate - National Average  4.50%.      
    MBS (FNMA 30-year 4.5) - Current: 104.19, High: 104.28, Low: 104.16   
    DJI Stocks currently $12,023.66,  Down $-26.34, Change -0.22%   
    Asia & Europe Indexes Up 0.603%   
    Nymex Crude Oil Currently $90.99 Down $0.03  


                      
MORTGAGE MARKET NEWS BRIEFS

Loan pricing improved.
And now we're back to the best mortgage rate levels of the year. Read Story

Real gross domestic product Increased -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.9 percent in the first quarter of 2011, (that is, from the fourth quarter to the first quarter), according to the "third" estimate released by the Bureau of Economic Analysis.  In the fourth quarter, real GDP increased 3.1 percent.

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Ambassador
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Larry Bettag
Larry Bettag - Cherry Creek Mortgage - Saint Charles, IL
Regional Vice-President

It fluxes all the time.  It'll be interesting to see where everything ends up....simply amazing.

June 24, 2011 10:08 AM #1
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Bill Ladewig

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