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Bill Ladewig's Blog

By Bill Ladewig | Mortgage Broker
or Lender in San Diego County, CA

Mortgage Rates Lift Above 4% for First Time Since October

MORTGAGE LOCK ADVISORY 

March 23, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

     

Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT 

Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.16 point. 

 

30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK

 

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 4.08%   
MBS (3.5%) - 102.38, High: 102.5, Low: 102.28   
DJI Stocks currently $13,040.84,  Down $-5.3, Change -0.041%   
Asian & European Stock Market Indexes Down -0.84%   
Nymex Crude Oil Currently $105.71 Up $0.36   
Gold 1 Once - 1652.1 

MORTGAGE NEWS BRIEFS
 

Mortgage Rates Lift Above 4% for First Time Since October
 
Mortgage rates climbed above 4 percent this week, marking a departure from persistently low interest rates for the first time in five months as economic distress lifts stateside and Greece clears hurdles. »Read More MReport

 

Shadow Inventory Remains Flat in January 

CoreLogic has reported that the current residential shadow inventory as of January 2012 was 1.6 million units (six-months' supply), approximately the same level reported in October 2011 >> Read More Mortgage Professional

 

US Housing Starts Drop 1.1% In February, But Building Permits Rise
 
(RTTNews) - New residential construction in the US showed an unexpected decrease in the month of February, according to a report released by the Commerce Department on Tuesday, although housing starts came in nearly in line with estimates due to an >> Read More in RTT News

 

Mortgage Rates Rise To Highest Levels Of The Year
 
With the new week comes new pain for Mortgages Rates, which rose to their highest levels of the year today.  Lenders have been adjusting their rate sheets all day and by varying degrees, so there's greater than normal degree of variation between them.>>Read More Mortgage Daily News

  

One BofA Manager Signs 67,908 Documents in 2 Year Period
A Bank of America manager said she read the first paragraph of a document, and then located the place she needed to sign.  She spent 1-1/2 to 2 hours per day on signing documents and two to three minutes on each. >>Read More Mortgage News Daily

 

FHA 203k Renovation Loans - All You Need To Know - Nine Minute Video 

Provide Your Clients With Options - Energy Efficient Mortgages - 4 Minute Video

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