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MORTGAGE LOCK ADVISORY

April 13, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily

Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT

Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.15 point

30 Day Mortgage Interest Rate Lock or Float Advice: LOCK

Rates are presently excellent and the best advice is to lock whenever possible

MORTGAGE MARKET INDICATORS

National Average Fixed Rate Mortgage 3.98%
MBS (3.5%) - 103.29, High: 103.34, Low: 103.16
DJI Stocks currently $12,827.26, Up $21.87, Change 0.17%
Asian & European Stock Market Indexes Down -2.291%
Nymex Crude Oil Currently $102.81 Up $0.11
Gold 1 Once - 1653.4

MORTGAGE NEWS BRIEFS

How to write an offer so it will NOT be immediately Rejected
Great tips for home buyers and buyer's agents by Steve Mun a successful San Jose Listing agent. It is also helpful to read the blog comments >>Read More ActiveRain

Social-Media Strategy: What You Need Now To Build Business Online
Now you won't need a dozen social-media sites to properly harness the power of the Internet and propel your business forward. You may, however, want to consider your choices, your purposes, and which options make the most sense for your business and what you'd like to accomplish.>>Read More The Ibis Network

FHA delays controversial $1,000 collections rule By Jon Prior
The Federal Housing Administration rescinded and will delay a rule that as of April 1 prohibited borrowers with more than $1,000 in disputed collections accounts from getting a federally backed mortgage, according to a notice sent late Friday >> Read More HousingWire

Education is Consumer's Only Real Protection.

Bill Ladewig

800.664.7283 (SAVE)

Bill@YourFhaGuru.com

Website

Bill Ladewig is a Mortgage Broker Licensed by the California Department of Real Estate 00968137

NMLS #291249

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