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Bill Ladewig's Blog

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

Home Price Surge Will Accelerate Next Month - CoreLogic

MORTGAGE INTEREST RATE LOCK ADVISORY
July 4, 2013  9:00 AM PST 
Click for Updated Lock Advice

  

HAPPY JULY FOURTH

LOCK ADVISORY
7 Day Mortgage Interest Rate lock or Float Advice: LOCK
The cost for a 3.50% mortgage based on Mortgage Backed Securities closed Wednesday up 0.42 point and many lenders posted midday price increases.
30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK
    
MARKET INDICATORS   
 
30-Yr Fixed Mortgage Rate jumped to 4.46% on June 27, up 0.53%    
MBS (3%) closed 100.92, High: 101.59, Low: 100.92
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Asian & European Stock Market Indexes changed -5.64%
Crude Oil (WTI) Currently $101.17 - Change 1.58%
Gold 1 Once - $1,248.04

  

MORTGAGE NEWS   

 

Home Price Surge Will Accelerate Next Month - CoreLogic

Home Sales upThere is a remarkable degree of agreement among prevalent purveyors of Home Price Indices that prices this spring have risen higher and faster than in any period since early 2006.  Joining the chorus today, CoreLogic said today that its Home Price Index (HPI) rose 12.2 percent in May compared to May 2012, marking the biggest annual increase since February 2006.

CoreLogic said that May was the 15th consecutive month that its index, which includes distressed home sales, had noted a national increase in prices. CoreLogic also said that prices had increased 2.6 percent on a month-over-month basis.  >>Read More 

 
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