MORTGAGE LOCK ADVISORY

April 12, 2012, 9:00 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 0.07 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%) - 103.15, High: 103.34, Low: 103.13
DJI Stocks currently $12,950.86, Up $145.47, Change 1.123%
Asian & European Stock Market Indexes Up 0.84%
Nymex Crude Oil Currently $103.90 Up $1.20
Gold 1 Once - 1674.3

MORTGAGE NEWS BRIEFS

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The Federal Housing Administration rescinded and will delay a rule that as of April 1 prohibited borrowers with more than $1,000 in disputed collections accounts from getting a federally backed mortgage,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

Four Ways to Give A Great Elevator Speech

Do you need an elevator speech? Probably, if you ever encounter people who might be potential clients or referrals. Here are four steps to creating the perfect elevator speech: >>Wayne and Jean Marie Zuh

3 Reasons Why You Need an Elevator Speech

An elevator speech is a 30-120 second explanation of what you do that you may make to a person you meet in an elevator, perhaps, or at the checkout line at the grocery store or just about anywhere. Wayne and Jean Marie Zuh

Home Prices Climbed 0.7% in February: By Ryan Schuette
Home prices for non-distressed property sales ticked up 0.7 percent in February from January, even while figures for the same fell by 2 percent year-over-year, according to CoreLogic >>Read More MReport

Education is Consumer's Only Real Protection.

oFHA 203k Renovation Mortgage - All You Need To Know Video
oEnergy Efficient Mortgages - All You Need To Know Video
oWhat You Should Know About APR
oHow To Shop for Mortgage Rates.
oBeware of Misleading Lender Advertising
oEducation is the best consumer protection
oRates and Point Relationship Explained
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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