Violent Crime Rates Dampening Home Values

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Mortgage and Lending NMLS 291249

DailyMORTGAGE LOCK ADVISORY 

June 20, 2012, 6:40am 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 up 0.12 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 3.71%
MBS (3.5%) - 105, High: 105.13, Low: 105   
DJI Stocks currently $12,856.71,  Up $19.38, Change 0.151%   
Asian & European Stock Market Indexes Up 0.74%   
Nymex Crude Oil Currently $83.61 Down $0.42   
Gold 1 Once - $1,607.20 
       

MORTGAGE NEWS BRIEFS
 

Violent Crime Rates Dampening Home Values
Analysts said Tuesday that a reduction in homicide rates by 10 percent would likely lead to a 0.83 percent increase in housing values and a 2.1 percent increase in housing prices in residential and metropolitan areas around the nation. . » Read More MReport
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Topic:
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Location:
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Tags:
rate lock advisory
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