MORTGAGE LOCK ADVISORY

February 15, 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 up 0.03.

30 Day Mortgage Interest Rate Lock or Float Advice: LOCK

MORTGAGE MARKET INDICATORS

National Average Fixed Rate Mortgage 3.87%
MBS (3.5%) - 103.47, High: 103.48, Low: 103.29
DJI Stocks currently $12,809.25, Down $-81.21, Change -0.634%
Asian & European Stock Market Indexes Down -1.17%
Nymex Crude Oil Currently $97.62 Down $2.22
Gold 1 Once - Bid: 1,711.70

MORTGAGE NEWS BRIEFS

Housing inventory declines may prove temporary By Jon Prior
Crucial housing market metrics are beginning to look better to start the year, but the recent uptick may only be the result of a delayed foreclosure process.
At the end of January, most metro areas saw prices stabilizing, even picking up in some of the hardest hit areas like Miami and Las Vegas, according to Altos Research.>>Read More Housign Wire

B of A Settles Allegations of Mortgage Fraud for $1B
Bank of America has agreed to pay $1 billion to settle allegations of underwriting and origination mortgage fraud, U.S. Attorney Loretta Lynch said in a recent statement.
>> Read More MReport

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