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
MORTGAGE RATE LOCK ADVISORY
  Updated  May 3, 9:00 AM PT
Updated Several Times Daily

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

TODAY'S MARKETS
  • 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
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REPORTS & ANALYSIS
  • 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.