MORTGAGE LOCK ADVISORY

February 17, 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%) - 103.27, High: 103.44, Low: 103.2
DJI Stocks currently $12,950.63, Up $46.55, Change 0.359%
Asian & European Stock Market Indexes Up 1.1%
Nymex Crude Oil Currently $103.28 Up $0.97
Gold 1 Once - Bid: 1,727.40

MORTGAGE NEWS BRIEFS

New housing construction exceeds January forecast by Shobhana Chandra
Builders broke ground on more homes than forecast in January, helped by warmer weather and adding to signs the residential real estate market is stabilizing. Read More San Francisco Chronicle

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

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 Housing Wire

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