MORTGAGE INTEREST RATE LOCK ADVISORY
July 18, 2013 :6:35 AM PST
Click for Updated Lock Advice
LOCK ADVISORY Update rates at www,yourfhagur,com
July 18, 2013 :6:35 AM PST
Click for Updated Lock Advice
LOCK ADVISORY Update rates at www,yourfhagur,com
7 Day Mortgage Interest Rate lock or Float Advice: FLOAT With Caution
The cost for a 4.00% rate based on Mortgage Backed Securities is down 0.00 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
By Matthew Graham - Mortgage rates improved moderately Wednesday, making it back to levels not seen since July 3rd. That makes today something of a symbolic victory as July 3rd was the last trading day before rates swung roughly a third of a point higher in one fell swoop on Friday July 5th. Conventional 30yr fixed best-execution is now down to 4.5 percent on average though several lenders are competitively priced at 4.25 - 4.375 percent. This doesn't necessarily mean that one lender will have the same closing costs at 4.5 as another would at 4.25 (though that is roughly the range between the best and worst), simply that it may make financial sense to some borrowers to pay more closing costs in exchange for a lower rate. >>Read More Mortgage News Daily
- National Average for 30-Yr Fixed Mortgage Rate jumped to 4.51% on July 11.
- MBS (4%) Closed at 103.98, High: 104.13, Low: 103.92
- DJI Stocks closed at $15,513.52, Up $43, Change 1.095%
- Asian & European Stock Market Indexes changed 0.969%
- Crude Oil (WTI) Currently $15,513.52 - Change 0.28%
- Gold 1 Once - $1,284.50
By Matthew Graham - Mortgage rates improved moderately Wednesday, making it back to levels not seen since July 3rd. That makes today something of a symbolic victory as July 3rd was the last trading day before rates swung roughly a third of a point higher in one fell swoop on Friday July 5th. Conventional 30yr fixed best-execution is now down to 4.5 percent on average though several lenders are competitively priced at 4.25 - 4.375 percent. This doesn't necessarily mean that one lender will have the same closing costs at 4.5 as another would at 4.25 (though that is roughly the range between the best and worst), simply that it may make financial sense to some borrowers to pay more closing costs in exchange for a lower rate. >>Read More Mortgage News Daily
