US Housing: A Disappointing March, But Spring Offers Redemption

By
Mortgage and Lending NMLS 291249

MORTGAGE LOCK ADVISORY 

April 3, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

     

Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT 

Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.04 point. 

 

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT 

 

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.99%
MBS (3.5%) - 102.94, High: 102.06, Low: 102.91   
DJI Stocks closed at $13,252.00,  Down $-12.49, Change -0.094%   
Asian & European Stock Market Indexes Down -0.105%   
Nymex Crude Oil Currently $104.90 Down $0.33   
Gold 1 Once - 1675 

    
MORTGAGE NEWS BRIEFS
 
US Housing: A Disappointing March, But Spring Offers Redemption

Most of March's housing numbers were disappointing, with sales unexpectedly falling across all categories and prices hitting new lows, reversing February's optimism. But the winter market is usually the year's quietest, and spring could bring redemption

>>Read More International Business Time

 

Ex-TBW CFO pleads guilty to largest mortgage frauds in U.S. history

Ex-CFO Delton de Armas, 41, admitted to helping his boss, Lee Farkas, pull off a $3 billion fraud scheme that brought down the nonbank as well as its chief warehouse lender, Colonial BancGroup, Montgomery, Ala.>>Read More National Mortage News

 

A House committee voted unanimously to pass a bill that looks to give a boost to the Federal Housing Administration through increased mortgage insurance premium caps and other changes. The FHA, under the bill, could charge up to 2.05% for its annual mortgage premium, up from a current 1.55% maximum... Read More HousingWire.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance
Location:
California
Groups:
Realty Executives
Keller Williams 'Rainers
Everything California
Century 21 Active Rainers
Addicted to Active Rain
Tags:
rate lock advisory
eem
fha 203k
mortgage

Anonymous
Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,651,057
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Amazing those figure aren't higher when you take in consideration the interest rates. .great post .. thanks!

Apr 03, 2012 06:53 AM #1
Anonymous
Post a Comment
Spam prevention
Show All Comments
Rainmaker
612,560

Bill Ladewig

Experience Is Your Advantage
Need Fast Answers?
*
*
*
Spam prevention

Additional Information