Who Wants to be a Millionaire?

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Mortgage and Lending NMLS 291249

DailyMORTGAGE LOCK ADVISORY 

June 7, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily

      

7 day Mortgage Interest Rate lock or Float Advice:  LOCK.
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.09 point.


30 Day Mortgage Interest Rate Lock or Float Advice: LOCK.

Rates could easily move higher or lower, but given the nearness to all time lows, there's generally more risk than reward regarding floating so my advice is to lock.

 

MORTGAGE MARKET INDICATORS

National Average Fixed Rate Mortgage 3.75%
MBS (3.5%) - 104.78, High: 104.84, Low: 104.65            
DJI Stocks currently $12,534.82,  Up $120.03, Change 0.958%            
Asian & European Stock Market Indexes Up 1.319%            
Nymex Crude Oil Currently $86.58 Up $1.56            
Gold 1 Once - $1,626.08 

         

MORTGAGE NEWS BRIEFS

Who Wants to be a Millionaire?
On July 21, 2010, President Obama signed a bill that literally overhauled every corner of the financial industry-Dodd-Frank became an immediate game changer. Among other it contains an obscure provision that may fail to catch people's attention.>>Read More Mortgage Servicing News 

Home prices up for 2nd straight month in April
Home as wealth image via Shutterstock.U.S. home prices rose on both an annual and monthly basis for the second month in a row in April, according to a home-price index compiled by data aggregator CoreLogic. Read More Inman News®
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