MORTGAGE INTEREST RATE LOCK ADVISORY
October 4, 2013 :6:30 AM PST
Click for Updated Lock Advice
October 4, 2013 :6:30 AM PST
Click for Updated Lock Advice
REAL ESTATE & MORTGAGE NEWS
Interest Rates Feel Effects of Government Shutdown
By Tory Barringer - View Though the early days of the shutdown in Washington haven't made a major impact on the economy yet, concerns about what might come next drove mortgage rates down for another week.
By Tory Barringer - View Though the early days of the shutdown in Washington haven't made a major impact on the economy yet, concerns about what might come next drove mortgage rates down for another week.
Freddie Mac's Primary Mortgage Market Survey showed average fixed rates dropping for the third straight week, with the 30-year fixed-rate mortgage (FRM) averaging 4.22 percent (0.7 point) for the week ending October 3, down a tenth of a percentage point. A year ago, the 30-year FRM averaged 3.36 percent, only a few basis points above its all-time low.>> Read More
LOCK ADVISORY7 Day Mortgage Interest Rate lock or Float Advice:FLOAT With Caution
Find out what's happening in Rancho Bernardo-4s Ranchwith free, real-time updates from Patch.
The cost for a 3.50% rate based on Mortgage Backed Securities is down 0.23 point
Rates look like they will continue up for the foreseeable future. Lock on any improvement
Find out what's happening in Rancho Bernardo-4s Ranchwith free, real-time updates from Patch.
30 Day Mortgage Interest Rate Lock or Float Advice: LOCK
MARKET INDICATORS
- National Average for 30-Yr Fixed Mortgage Rate is down 0.10% to 4.22% on Oct 3,.
MBS (3.5%) - Currently 101.84, High: 101.98, Low: 101.78
DJI Stocks currently $14,999.05, Up $2.57, Change 0.017%
Asian & European Stock Market Indexes changed 0.33%
Crude Oil (WTI) Currently $104.04 - Change 0.71%
Gold 1 Once - $1,317.87
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