Housing Inventories Down for Fourth Straight Month
By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY May 22, 2014 7:55 AM PST Click for Updated Lock Advice LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: NEUTRAL The price for 4.00% Mortgage Loans based on MBS is currently down 0.06 point MBS price broke through the top of a long term price barrier in place for almost a year. This could signal even lower rates but history tells us to be careful at this point. 30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT MARKET INDICATORS FHLMC Average: 30-Yr Fixed Mortgage Rate, down 0.06% to 4.14% on May 22. MBS (4%) - Currently 105.56, High: 105.61, Low: 105.36 DJI Stocks currently $16,547.28, Up $14.22, Change 0.086% Asian & European Stock Market Indexes changed -0.01% Crude Oil (WTI) Currently $104.12 - Change 0.05% Gold ...
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