Senators urge crackdown on reverse mortgage abuse.
By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY May 5, 2014 7:50 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 up 0.03 point. Rates are at three month lows and the odds the market will reverse are 80%. 30 Day Mortgage Interest Rate Lock or Float Advice: LOCK MARKET INDICATORS FHLMC Average: 30-Yr Fixed Mortgage Rate, down 0.04% to 4.29% on May 1.MBS (4%) - Currently 104.97, High: 105.19, Low: 104.97 DJI Stocks currently $16,502.87, Down $10.02, Change -0.061% Asian & European Stock Market Indexes changed -0.447% Crude Oil (WTI) Currently $99.43 - Change -0.33% Gold 1 Ounce - $1,311.67 MORTGAGE AND REAL ESTATE NEWS Senators urge crackdown on reverse mortgage...
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