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Bill Ladewig's Blog

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

Are Consumers Really Confused?

DailyMORTGAGE LOCK ADVISORY 

June 21, 2012, 6:30am PST

Click for Lock Advice Updated Several Times Daily

      

7 day Mortgage Interest Rate lock or Float Advice: FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.09 point.


30 Day Mortgage Interest Rate Lock or Float Advice: LOCK.

Rates could easily move higher or lower, but given the nearness to all time lows, there's generally more risk than reward regarding floating so my advice is to lock.

 

MORTGAGE MARKET INDICATORS

National Average Fixed Rate Mortgage 3.71%
MBS (3.5%) - 104.88, High: 104.88, Low: 104.78   
DJI Stocks currently $12,847.70,  Up $23.31, Change 0.181%   
Asian & European Stock Market Indexes Up 0.85%   
Nymex Crude Oil Currently $80.69 Down $0.76   
Gold 1 Once - $1,583.20 
   

MORTGAGE NEWS BRIEFS
 

Are Consumers Really Confused?
(TheNicheReport) - How many times have we heard that news rules and regulations were being imposed because consumers were confused? This worn-out, consumer-group talking point has caused more harm to consumers than all the supposed unscrupulous loan originators combined>> Read More NicheReport

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