Tuesday Afternoon Market Update
By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY April 16, 2014 2:30 PM PST Click for Updated Lock Advice LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 4.00% rate based on Mortgage Backed Securities closed up 0.01 point. 30 Day Mortgage Interest Rate Lock or Float Advice: LOCK MARKET INDICATORS FHLMC Average: 30-Yr Fixed Mortgage Rate, down 0.07% to 4.34% on April 10. MBS (4%) - Closed at: 104.48, High: 104.5, Low: 104.31 DJI Stocks closed at $16,424.85, Up $162.29, Change 0.988% Asian & European Stock Market Indexes changed 2.176% Crude Oil (WTI) Currently $103.79 - Change 0.04% Gold 1 Ounce - $1,302.01 REAL ESTATE AND MORTGAGE NEWS New Home Purchase Applications Up 15% By:Tory Barringer - Applications for new home purchases increased in...
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