LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice: LOCK
The cost for a 3.50% rate based on Mortgage Backed Securities is up 0.1.00 point.
Find out what's happening in Rancho Bernardo-4s Ranchfor free with the latest updates from Patch.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
It appears rates will continue to increase for the foreseeable future. Lock on any market improvement.
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 4.39% on August 1,.
- MBS (3.5%) Currently 99.9, High: 100.91, Low: 99.9
- DJI Stocks currently $15,628.45, Up $128.91, Change 0.825%
- Asian & European Stock Market Indexes changed 1.544%
- Crude Oil (WTI) Currently $107.68 - Change 2.52%
- Gold 1 Once - $1,312.18
MORTGAGE and REAL ESTATE NEWS
Survey: Sellers Sweating Rising Interest Rates
By Esther Cho -
Rising interest rates aren't just a burden for potential homebuyers. According to the latest survey from Redfin, 47 percent of sellers said they are worried about rising rates, expressing concerns that buyer demand will be lowered as a result. The share is up drastically from 23 percent in the previous quarter.
Seller concerns over rising prices, however, eased in the latest quarter, falling from 32 percent to 29 percent quarter-over-quarter. >>Read More MReport
Rising interest rates aren't just a burden for potential homebuyers. According to the latest survey from Redfin, 47 percent of sellers said they are worried about rising rates, expressing concerns that buyer demand will be lowered as a result. The share is up drastically from 23 percent in the previous quarter.
Seller concerns over rising prices, however, eased in the latest quarter, falling from 32 percent to 29 percent quarter-over-quarter. >>Read More MReport
