Are post-crisis credit requirements holding back $1.2M mortgages?
By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY March 17, 2014 8:30 AM PST Click for Updated Lock Advice LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: NEUTRAL The cost for a 3.50% rate based on Mortgage Backed Securities is up 0.10 point. 30 Day Mortgage Interest Rate Lock or Float Advice: LOCK MARKET INDICATORS Freddie Mac National Average: 30-Yr Fixed Mortgage Rate up 0.09% to 4.37% on Mar. 13 MBS (3.5%) - Currently 100.95, High: 101.07, Low: 100.86 DJI Stocks currently $16,219.48, Up $153.81, Change 0.948% Asian & European Stock Market Indexes changed 0.957% Crude Oil (WTI) Currently $98.38 - Change -0.52% Gold 1 Ounce - $1,378.65 REAL ESTATE AND MORTGAGE NEWS Are post-crisis credit requirements holding back $1.2M mortgages? Researchers at the Urban Institute...
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