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  May 3, 9:00 AM PT
Updated Several Times Daily

    Reverse Mortgage
  • Financial Freedom for Qualified Seniors

  • 1-14 Day Close:  LOCK
  • 15-30 Day Close: LOCK
  • 31-45 Day Close:  LOCK

  • Freddie Mac  Average:30-Yr FRM, Up 0.07% to 3.66% on 4-28-16.
  • Rate Price Based on 3% MBS, Down -0.35 Point.
  • DJI Stocks - Currently,  $17,702.25, Down ($188.91)  -1.07%
  • Asian & European Stock Market Indexes Down  -1.208%
  • Crude Oil (WTI) - Currently,  $43.67, Down ($1.11)
  • Gold 1 Ounce - Currently,  $1,288.90, Down ($7.40)
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
Your Advantage
My Experience

NML 291249
BRE 00968137
  • There are some markets where loans should be locked as soon as possible.   This has been one one of them for several weeks.
  • Rates Currently Trending:  Neutral. Sigma Research says that rates are trending slightly worse this morning.  Last week the MBS market improved by +41 bps.  This may've been enough to improve mortgage rates or  fees for the consumer.  The market was volatile last week.
  • The big event last week was Wednesday's Fed meeting. A dovish Fed statement was positive for mortgage rates. The economic data released over the past week closely matched expectations, so it had little impact. Mortgage rates ended the week lower.