MORTGAGE LOCK ADVISORY
January 17, 2012, 6:45 AM PST
Mortgage Interest Rate lock Advice for locks within 7 days: LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.05 point.
30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT with Caution
There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.89%
MBS (3.5%) - 103.07, High: 103.11, Low: 103.02
DJI Stocks currently $12,530.43, Up $108.37, Change 0.865%
Asian & European Stock Market Indexes Up 1.311%
Nymex Crude Oil Currently $100.35 Up $1.65
MORTGAGE NEWS BRIEFS
Huntsman's Departure Highlights Politics of Housing Finance
By: Ryan Schuette
Not unlike his fellow candidates - or the incumbent himself - Huntsman left out any mention of housing finance reform and homeowners as issues for voters in the 2012 general election. Read More MReport. Read More MReport.
NAHB: List of Improving Housing Markets Nearly Doubles in January
A complete list of all 76 metropolitan areas currently on the IMI is available at: www.nahb.org/imi
. The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for
Home Sales, Housing Markets Will Lift in 2012: Fannie Mae
The economy will drift upward in 2012 as incremental changes take place in the housing market, with a divisive and uncertain policy environment the darkest cloud on the horizon, Fannie Mae said in an economic outlook Friday. Read More MReport
The morality of strategic default: businesses vs. homeowners
By Kelli Galippo
This article discusses the purported moral implications of a homeowner's decision to strategically default and why no such implications exist for a strategically defaulting business. Is a strategic default un-American? Read More in First Tuesday