ARMs regain popularity as prices, rates rise
By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY January 16, 2014 9:00 AM PST Click for Updated Lock Advice LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 4.00% rate based on Mortgage Backed Securities is down 0.26 point 30 Day Mortgage Interest Rate Lock or Float Advice: LOCK MARKET INDICATORS Freddie Mac National Average: 30-Yr Fixed Mortgage Rate down 0.10% to 4.41% on Jan. 16 MBS (4%) - Currently 103.91, High: 103.92, Low: 103.62 DJI Stocks currently $16,417.01, Down $-64.93, Change -0.396% Asian & European Stock Market Indexes changed -0.447% Crude Oil (WTI) Currently $94.05 - Change -0.13% Gold 1 Once - $1,241.90 REAL ESTATE & MORTGAGE NEWS ARMs regain popularity as prices, rates rise In November, 11.2% of homes bought with loans carried...
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