MORTGAGE INTEREST RATE LOCK ADVISORY
July 23, 2013 :6:30 AM PST
Click for Updated Lock Advice
LOCK ADVISORY
July 23, 2013 :6:30 AM PST
Click for Updated Lock Advice
LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice: LOCK
The cost for a 4.00% rate based on Mortgage Backed Securities is up 0.06 point.
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 declined to 4.37% on July 18.
- MBS (4%) Currently: 104.19, High: 104.25, Low: 104.03
- DJI Stocks currently $15,594.68, Up $49.13, Change 0.315%
- Asian & European Stock Market Indexes changed 0.744%
- Crude Oil (WTI) Currently $105.86 - Change -1.01%
- Gold 1 Once - $1,331.18
Analysts: Expect mortgage rates to rise, not soar
By Brena Swanson - Mortgage rates shot up after the Fedsuggested a potential pullback on quantitative easing, but don't expect them to soar in the second half of 2013. Instead, analysts see gradual growth when it comes to mortgage rates.
The market is seeing a lot of volatility due to the Fed's talks of tapering, said Leonard Kiefer, deputy chief economist with Freddie Mac. Rates will likely trend up, but won't spike, although there might be week-to-week changes, Kiefer added. >Read More Housing Wire
