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Bill Ladewig's Blog

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

Mortgage Rates At New All Time Lows Ahead Of Key Jobs Report

DailyMORTGAGE LOCK ADVISORY 

June 1, 2012, 6:30 AM 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 0.28 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 3.75%
MBS (3.5%) - 105.28, High: 105.38, Low: 105   
DJI Stocks currently $12,281.51,  Down $-111.94, Change -0.911%   
Asian & European Stock Market Indexes Down -1.453%   
Nymex Crude Oil Currently $83.39 Down $3.14   
Gold 1 Once - $1,592.00 

 

MORTGAGE NEWS BRIEFS

  

Mortgage Rates At New All Time Lows Ahead Of Key Jobs Report
Mortgage Rates improved again today as domestic economic data joined with ongoing fear of a European currency collapse to send US Treasury yields well into new all time lows. Mortgage rates duplicated that feat, but not nearly as convincingly. After being stuck in the mud for months at 3.875%, the mortgage rate levy broke, giving way to 3.75% recently. Read More Mortgage News Daily

 

Mortgage Fraud Falls Below Post-Crisis High: Report By: Tory Barringer 
Interthinx released its quarterly Mortgage Fraud Risk Report Wednesday, showing that the national Mortgage Fraud Risk Index has dropped below the 140 mark for the first time since 2009 Read More MReport
 

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