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  November 24,  2:00 PM PT
Updated Several Times Daily

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

  • Freddie Mac  Average:30-Yr FRM, Down 0.01 point on: 11-12-15 :3.97%
  • Rate Price Based on 3.5% MBS  - Closed at:  Down -0.04 Point.
  • DJI Stocks - Closed at:  $17,812.19, Up $19.51
  • Asian & European Stock Market Indexes Down -0.775%
  • Crude Oil (WTI) - Currently,  $45.95, Up $1.12
  • Gold 1 Ounce - Currently,  $1,078.00, Up $7.90

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
  • November Consumer Confidence was much lower than expected and is generally postive for pricing.
  • While rates could go either way today an increase seems likely.  The safe bet is to lock and take advantage of this week's improved rates.
  • Reading for Initial Weekly Jobless Claims and Continuing Claims are right in line with estimates and both pretty good readings. Not a major factor.
  • October FOMC Minutes disclose  Most voting members in meeting thought a rate hike would be supported in December.