LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice: LOCK
Market improvement could cause favorable lender repricing this afternoon.
The cost for a 3.50% rate based on Mortgage Backed Securities is up 0.33 point
Find out what's happening in Rancho Bernardo-4s Ranchfor free with the latest updates from Patch.
Rates look like they will continue up for the foreseeable future. Lock on any improvement
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
Find out what's happening in Rancho Bernardo-4s Ranchfor free with the latest updates from Patch.
MARKET INDICATORS
- National Average for 30-Yr Fixed Mortgage Rate is up to 4.40% on August 8,.
- MBS (3.5%) - 99.74, High: 100.07, Low: 99.28
- DJI Stocks currently $15,121.56, Down $-216.1, Change -1.429%
- Asian & European Stock Market Indexes changed -0.844%
- Crude Oil (WTI) Currently $107.30 - Change 0.42%
- Gold 1 Once - $1,363.92
Housing Affordability Dips to Four-Year Low in Second Quarter By Krista Franks Brock - While rising home prices across the nation may be good news as they imply recovering markets, the trend may dampen housing affordability. Having been historically high for the past few years, affordability dipped somewhat in the second quarter of this year, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity index.
Increasing prices and mortgage rates "contributed to affordability slipping to the lowest level in four years," said David Crowe, chief economist at NAHB.>>Read More
