Compared to a year ago, starts were up 28.5%

By
Mortgage and Lending NMLS 291249

DailyMORTGAGE LOCK ADVISORY 

June 25, 2012, 6:30am PST

Click for Lock Advice Updated Several Times Daily

      

7 day Mortgage Interest Rate lock or Float Advice: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.18 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 3.66%
MBS (3.5%) - 105.06, High: 105.14, Low: 104.66   
DJI Stocks currently $12,580.99,  Down $-59.79, Change -0.475%   
Asian & European Stock Market Indexes Down -1.77%   
Nymex Crude Oil Currently $78.95 Down $0.81   
Gold 1 Once - $1,572.10  
       

MORTGAGE NEWS BRIEFS
 

Compared to a year ago, starts were up 28.5%
U.S. home building slowed in May amid a pull back in multifamily construction, but new permits granted reached their highest level since 2008, suggesting future demand for new houses. Home construction decreased 4.8% last month from April to a seasonally adjusted annual rate of 708,000, the Commerce Department said Tuesday. But compared to a year ago, starts were up 28.5%>> Read More Fox Business
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the umbrella to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Mortgage / Finance
Location:
California San Diego County
Groups:
RE/MAX Active Rain Bloggers
Keller Williams 'Rainers
Everything California
Century 21 Active Rainers
Addicted to Active Rain
Tags:
rate lock advisory
fha 203k
mortgage

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the camera to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the flag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
595,969

Bill Ladewig

Your FHA Guru - Closing Home Homes Since 1970
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pencil to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information