DAILY MORTGAGE INTEREST RATE LOCK ADVICE

By
Mortgage and Lending NMLS 291249

DAILY MORTGAGE INTEREST RATE LOCK ADVISORY
September 9, 2011,  6:50 AM PST
Lock Advice is Updated Several Times Daily

Mortgage Interest Rate lock Advice for locks within 1 day:  FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities closed down 0.11 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 move.

MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 4.12%
MBS (FNMA 30-year 3.5) - 101.81, High: 101.81, Low: 101.34   
DJI Stocks currently $11,116.75,  Down $-179.06, Change -1.59%   
Asian & European Stock Market Indexes Down -1.318%   
Nymex Crude Oil Currently $86.97 Down $2.08     

MORTGAGE NEWS BRIEFS

Millions in Mortgage Fraud, Untold Ruin for Victims
By Ryan Schuette
Mortgage fraud cases showed few signs of slowing from last week, with defendants either receiving their sentences or pleading guilty in Alabama, California, Minnesota, and New Jersey. The defendants allegedly scammed lenders and homeowners out of tens of millions of dollars overall. Notably, a judge granted the request of a prosecutor to stay judgment for one alleged scammer in favor of a psychiatric evaluation. An array of newspapers, plus a federal agency, contributed to the roundup.
Read More MReport

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Topic:
Mortgage / Finance
Location:
California
Groups:
The FHA Mortgage Group
True Mortgage Professionals
Mortgage Brokers
Mortgages
Responsible Mortgage Lenders
Tags:
daily mortgage interest rate lock advice

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Rainmaker
573,526
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Bill-Thanks for the group of educational posts you highlighted. Nothing beats education, information, and a honest lender for getting the best deal possible.

Sep 09, 2011 10:06 AM #1
Rainmaker
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Bill Ladewig
Escondido, CA
Experience Is Your Advantage

Thanks Wayne, Information is essential, using it wisely makes you a king.

Sep 09, 2011 11:30 AM #2
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Rainmaker
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Bill Ladewig

Experience Is Your Advantage
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