DAILY MORTGAGE INTEREST RATE LOCK ADVISORY

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Mortgage and Lending NMLS 291249

DAILY MORTGAGE INTEREST RATE LOCK ADVISORY
September 7, 2011,  6:30 AM PST
Lock Advice is Updated Several Times Daily

Mortgage Interest Rate lock Advice for locks within 1 day:  LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities are up 025 point

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT
Due to US and world financial market uncertainty be very cautious.  This rate market could run away from you in a heartbeat so the best bet is to lock historically low rates whenever there is a downward shift.

MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 4.22%
MBS (FNMA 30-year 3.5) - 101.44, High: 101.75, Low: 101.44   
DJI Stocks currently $11,278.03,  Up $138.73, Change 1.25%   
Asian & European Stock Market Indexes Up 2.343%   
Nymex Crude Oil Currently $87.81 Up $1.79  
   
MORTGAGE NEWS BRIEFS

Regulatory reforms suspected in dragging down economic growth
by Kerry Curry
Regulatory reforms stemming from the 2008 financial crisis will add to the headwinds of an already weak global economy, according to the Institute of International Finance.
Read More at Housing Wire

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