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Mortgage and Lending - NMLS 291249

ARCHIVED BLOG POSTS

2009 

May 29 , 2009, 3:30 PM PST  National Average Fixed Rate Mortgage  Down 1 basis point to 5.11% on 05-29-09*A Basis Point (bps) is 1/100 of 1.00% Fannie Mae Mortgage Backed Securities (MBS) down 9.5 basis points to 5.020% Lock Advice:  LockOur rate indicator has changed direction and is showing a t...
05/29/2009
FHA finally approves advance for First Time Home Buyer Tax Credit.  Unfortunately, because of FHA stringent rules there are no lenders who will participate. Read complete re-issued Mortgagee Letter 2009-15 See complete Mortgagee Letter
05/29/2009
FHA finally approves advance for First Time Home Buyer Tax Credit but unfortunately there are no takers.  The rules are prohibitive and no lenders are participating.  Details below in FHA Mortgagee letter May 29, 2009 MORTGAGEE  LETTER 2009-15 TO:                 ALL APPROVED MORTGAGEES SUBJECT: ...
05/29/2009
May 29 , 2009, 6:45 AM PST National Average Fixed Rate Mortgage Up 15 basis point to 5.12% on 05-28-09*A Basis Point (bps) is 1/100 of 1.00%Fannie Mae Mortgage Backed Securities (MBS) Down 9.5 basis points to 5.020% Lock Advice: LockOur rate indicator has changed direction and is showing a tempor...
05/29/2009
May 29 , 2009, 6:45 AM PST National Average Fixed Rate Mortgage Up 15 basis point to 5.12% on 05-28-09*A Basis Point (bps) is 1/100 of 1.00%Fannie Mae Mortgage Backed Securities (MBS) Down 9.5 basis points to 5.020% Lock Advice: Lock Our rate indicator has changed direction and is showing a tempo...
05/29/2009
May 28 , 2009, 6:35 AM PST National Average Fixed Rate Mortgage Up 2 basis point to 4.97% on 05-27-09*A Basis Point (bps) is 1/100 of 1.00%Fannie Mae Mortgage Backed Securities (MBS) Up 46.4 basis points to 5.114% Lock Advice: Lock Our rate indicator has changed direction and is showing a tempora...
05/28/2009
May 27 , 2009, 6:35 AM PST National Average Fixed Rate Mortgage Up 1 basis point to 4.95% on 05-26-09*A Basis Point (bps) is 1/100 of 1.00%Fannie Mae Mortgage Backed Securities (MBS) Up 10.7 basis points to 4.650% Lock Advice: Lock Our rate indicator has changed direction and is showing a tempora...
05/27/2009
May 26 , 2009, 1:25 PM PST  National Average Fixed Rate Mortgage  Up 1 basis point to 4.94% on 05-25-09*A Basis Point (bps) is 1/100 of 1.00% Fannie Mae Mortgage Backed Securities (MBS) Up 5.3 basis points to 4.543% Lock Advice:  LockOur rate indicator has changed direction and is showing a tempo...
05/26/2009
May 26 , 2009, 6:30 AM PST  National Average Fixed Rate Mortgage  Up 1 basis point to 4.93% on 05-22-09*A Basis Point (bps) is 1/100 of 1.00% Fannie Mae Mortgage Backed Securities (MBS) Up 5.3 basis points to 4.543% Lock Advice:  LockOur rate indicator has changed direction and is showing a tempo...
05/26/2009
May 26 , 2009, 6:30 AM PST  National Average Fixed Rate Mortgage  Up 1 basis point to 4.93% on 05-22-09*A Basis Point (bps) is 1/100 of 1.00% Fannie Mae Mortgage Backed Securities (MBS) Up 5.3 basis points to 4.543% Lock Advice:  LockOur rate indicator has changed direction and is showing a tempo...
05/26/2009
Rainmaker
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Bill Ladewig

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