7 Day Mortgage Interest Rate lock or Float Advice: LOCK
The cost for a 3.50% rate based on Mortgage Backed Securities is down 0.22 point
It appears the MBS market has the possibility of a pullback after a good run
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
- National Average for 30-Yr Fixed Mortgage Rate is down 0.03% to 4.10% on Oct 31,.
- MBS (3.5%) - Currently 102.23, High: 102.3, Low: 102.01
- DJI Stocks currently $15,595.69, Down $-19.86, Change -0.127%
- Asian & European Stock Market Indexes changed 0.1%
- Crude Oil (WTI) Currently $94.61 - Change 0%
- Gold 1 Once - $1,317.40
MORTGAGE & REAL ESTATE NEWS
CFPB Pursuing Individuals, Seeking Admissions of Guilt
It didn't attract a lot of notice at the time, but a speech last Wednesday by Consumer Financial Protection Bureau (CFPB) Director Richard Cordray appears to be making some people nervous. Cordray spoke to the Reuters Washington Summit and a story carried by the news agency quoted him as saying his agency "is committed to going after individuals, not just companies, when it punishes wrongdoers, reflecting a broader effort among enforcement officials to ensure penalties have real bite.
"I've always felt strongly that you can't only go after companies" Reuters quotes him as saying. "Companies run through individuals, and individuals need to know that they're at risk when they do bad things under the umbrella of a company." Cordray said his office is also seeking admissions of wrongdoing from persons who commit these offenses." >>Read More