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  October 8,  2:30 PM PT
Updated Several Times Daily

    1-14 Day Close:  LOCK
    15-30 Day Close: FLOAT
    31-45 Day Close:  FLOAT With Caution

  • Freddie Mac  Average:30-Yr FRM, on: 10-1-15: 3.85% - Down 0.09 point
  • Rate Price Based on 3.5% MBS  - Closed at:  Up 0.10 Point.
  • DJI Stocks - Closed at:  $17,050.75, Up $138.46
  • Asian & European Stock Market Indexes Up 0.254%
  • Crude Oil (WTI) - Currently,  $53.34, Up $2.01
  • Gold 1 Ounce - Currently, $1,141.20, Down ($10.50)
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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  • Initial Weekly Jobless Claims 263K vs est of 274K This reading is not likely to materially change the MBS pricing level as the bond market awaits the FOMC Minutes.
  • While 15-45 day closing are Float recommendations it's a good idea to Lock loans closing sooner due to the possibility of a rate bounce after the large drop.