DAILY MORTGAGE LOCK ADVISORY
October 4, 2011, 6:30 AM PST
Mortgage Interest Rate lock Advice for locks within 1 day: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.03 point.
30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT
On Wed. 09-21-2011 3.5% Mortgage Backed Securities (MBS) broke through a long standing resistance level which is very good news for mortgage rates.
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 4.01% A Hundred Year Low
MBS (FNMA 30-year 3.5) - 103.03, High: 103.25, Low: 102.91
DJI Stocks currently $10,476.77, Down $-178.53, Change -1.68%
Asian & European Stock Market Indexes Down -2.605%
Nymex Crude Oil Currently $76.01 Down $1.60
MORTGAGE NEWS BRIEFS
MONDAY MORTGAGE RATES CLOSED AT THE LOWEST RATES IN OVER 100 YEARS!
Survey: Most Real Estate Investors Expanding Portfolios
Over eight in 10 U.S. real estate investors are making moves to shore up their portfolios even as talk of a double-dip recession persists, according to a recent survey. More shocking: most of the survey respondents parted ways with Americans at large by agreeing that the economy is headed in a northerly direction. Conducting the survey in early August, Colliers International, a real estate services company, deployed the 2011 Colliers International Global Investor Sentiment Survey as a way to measure investor appetite for risk and optimism. » Read More at MReport
Greek Concerns Continue To Hamper Market Mood
The major U.S. index futures are pointing to a sharply lower opening on Tuesday, with sentiment likely to be weighed down by the fears that Greece is on the brink of default. The fears strengthened due to a lack of unanimity among euro group officials in finalizing the second round of financing for Greece. Risk aversion is still ruling the roost and risk assets are retreating. The upcoming economic data of the week is also likely to introduce some caution among traders. Read more at RTT News
Most Americans feel our Government has failed us because it is controlled by big money.
The documentary "Inside Job" and the movie "To Big To Fail" clearly illustrate who is currently running our government. Learn the advantages of publicly funded elections go to Americans for Campaign Reform
CONSUMER EDUCATION = CONSUMER PROTECTION
- Rates and Points Explained
- FHA 203k Renovation Mortgage - Video
- Energy Efficient Mortgages - Video
- What You Should Know About APR
- How To Shop for Mortgage Rates.
- Beware of Misleading Lender Advertising
- Education is the best consumer protection
Real Estate & Mortgage Broker
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