MORTGAGE LOCK ADVISORY

February 16, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily

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

Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.17.

30 Day Mortgage Interest Rate Lock or Float Advice: LOCK

MORTGAGE MARKET INDICATORS

National Average Fixed Rate Mortgage 3.87%
MBS (3.5%) - 103.58, High: 103.86, Low: 103.86
DJI Stocks currently $12,796.80, Up $15.85, Change 0.124%
Asian & European Stock Market Indexes Down -0.945%
Nymex Crude Oil Currently $101.66 Down $0.14
Gold 1 Once - Bid: 1,711.00

MORTGAGE NEWS BRIEFS

RealtyTrac reports foreclosure filings rise 3% in January
U.S. foreclosure filings edged up 3% in January as judicial foreclosure states began to see a thaw in delayed foreclosure activity, RealtyTrac said. The Irvine,Calif.-based firm said foreclosure starts picked up for the first time since the fall 2010 robo-signing crisis in the states of Indiana,...Read More Housing 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

FHA 203k Renovation Loans - All You Need To Know -Nine Minute Video

Provide Your Clients With Options - Energy Efficient Mortgages - 4 Minute Video

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