What did mortgage rates do today. DAILY MORTGAGE interest RATE LOCK ADVICE Mortgage Rate Trends Lock periods Mortgage Interest Rate Lock Advisory and Mortgage Interest Rates

  Updated  July, 1 - 9:12 AM PT
Updated Several Times Daily

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  • Weekly Average 30-Yr FRM, down 0.08% to 3.48% on 6-30-16.
  • Rate Price Based on 3% MBS, Down -0.06 Point.
  • DJI Stocks - Currently, $17,965.32, Up $35.33 0.2%
  • Asian & European Stock Market Indexes Up 0.663%
  • Crude Oil (WTI) - Currently, $48.44, Up $0.11
  • Gold 1 Ounce - Currently, $1,337.60, Up $17.20
National Association of 
Mortgage Brokers
NAR Pending Home Sales Index Jumps in May
99.50% Financing Is Available to Purchase Your Home.
Low rate, 99.50% home financing is available for California home buyers.  Email for details
You Don't Need That Much of a Down Payment
Daily Real Estate News | 
Many consumers are overestimating  the down payment they need in order to purchase a home, according to Christina Boyle, vice president and head of single-family sales at Freddie Mac.

Consumers believe they need 11 percent to 15 percent in order for lenders to approve them for a loan, according to a survey of renters and non-home-owners conducted by Zelman & Associates in New York. Thirty-nine percent say they need at least 15 percent of the purchase price in order to qualify for financing. Only 28 percent of respondents say they would even qualify for a mortgage >>Read More Realtor Mag


Bill Ladewig
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  • Rates Currently Trending: Lower
  • Mortgage rates are slightly lower this morning. The MBS market improved by +21 bps yesterday. This may've been enough to improve mortgage rates or fees. The market experienced high volatility yesterday. 
  • Lock Short Term Overall the news is good for long term mortgage rates although it would be best to lock loans today scheduled to close next week.
  • In the wake of the Brexit vote, the yield on the 10-year U.S. Treasury bond plummeted 24 basis points. The 30-year mortgage rate declined as well, but not by as much, falling 8 basis points to 3.48 percent. This week's survey rate is the lowest since May 2013 and only 17 basis points above the all-time low recorded in November 2012. This extremely low mortgage rate should support solid home sales and refinancing volume this summer.