DAILY MORTGAGE INTEREST RATE LOCK ADVICE

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Mortgage and Lending NMLS 291249

 

DAILY MORTGAGE LOCK ADVISORY 

September 23, 2011, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

 

Mortgage Interest Rate lock Advice for locks within 1 day:  FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are up 032 point after a huge 2.00 point downward move previous two days.  Rates will likely be slightly higher this morning

 

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT
On 09-21-2011 mortgage backed securities broke through a long standing resistance level which is very good news for mortgage rates.

 

MORTGAGE MARKET INDICATORS

National Average Fixed Rate Mortgage 4.09%  A Hundred Year Low                                                          MBS (FNMA 30-year 3.5) - 103.4, High: 103.88, Low: 103.22   
DJI Stocks currently $10,662.95,  Down $-70.88, Change -0.66%   
Asian & European Stock Market Indexes Down -1.108%   
Nymex Crude Oil Currently $79.26 Down $1.25  

 

MORTGAGE NEWS BRIEFS

THURSDAY MORTGAGE RATES CLOSED AT THE LOWEST RATES IN OVER 100 YEARS!!

 

Analysts: Mortgage Rates Stay Low, Likely to Fall Further
Debt crises and stimulus measures stole the mortgage-rates show as more investors flee to U.S. Treasury debt, with mortgage giant Freddie Mac holding that rates dithered by a few percentage rates and finance Web site Bankrate.com finding a fifth-consecutive week for record lows. Read More at MReport  

 

Morning Market Briefing Stocks Likely To See Further Downside In Early Trading
After seeing substantial weakness in the two previous sessions, stocks are likely to see some further downside in early trading on Friday. The major index futures are currently pointing to a notably lower open for the markets, with the Dow futures down by 104 points. (Sep 23, 2011) Read more at RTT News

  

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