loan: Zillow Sees New Record Lows for Mortgage Rates - 01/11/12 09:50 AM
 
 MORTGAGE LOCK ADVISORY 
January 11, 2012, 6:45 AM PST
Click for Lock Advice Updated Several Times Daily  
   
Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.01 point.  The 0.34 decrease in MBS prices from yesterday to today was due to the MBS market moving from a January to a February coupon and does not effect points.
 
30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution
There is not conclusive evidence to lock but, In this uncertain market the best advice is to … (0 comments)

loan: No Excuses... Just Appointments - 01/10/12 09:50 AM
 
MORTGAGE LOCK ADVISORY 
January 10, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily  
   
Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities are the up 0.03 point.  MBS are seriously overbought and the market could reverse in the next couple of days.
 
30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution
There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.
 
MORTGAGE MARKET INDICATORS
National Average Fixed Rate … (0 comments)

loan: RATE LOCK & MARKET ADVISORY - January 9, 2012 - 01/09/12 06:20 PM
 MORTGAGE LOCK ADVISORY 
January 9, 2012, 3:00 PM PST
Click for Lock Advice Updated Several Times Daily  
   
Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities closed down 0.07 point.  MBS are seriously overbought and the market could reverse in the next couple of days.
 
30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution
There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.
 
MORTGAGE MARKET INDICATORS 
National Average Fixed Rate Mortgage 3.91% … (0 comments)

loan: AM RATE LOCK & MARKET ADVISORY - January 6, 2012 - 01/06/12 10:00 AM
 
 MORTGAGE LOCK ADVISORY 
January 6, 2012, 6:45 AM PST
Click for Lock Advice Updated Several Times Daily  
   
Mortgage Interest Rate lock Advice for locks within 7 days:  LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities are down 0.01 point. 
 
30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution
There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.
 
MORTGAGE MARKET INDICATORSNational Average Fixed Rate Mortgage 3.95%   MBS (3.5%) - 102.92, High: 103, Low: 102.72   DJI Stocks currently $12,372.41,  Down $-43.29, Change -0.35%   Asian & … (0 comments)

loan: Bernanke calls for nationwide REO rental program - 01/05/12 11:27 AM
MORTGAGE LOCK ADVISORY 
January 5, 2012, 8:00 AM PST
Click for Lock Advice Updated Several Times Daily  
   
Mortgage Interest Rate lock Advice for locks within 7 days:  FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.03 point. 
 
30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution
There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.
 
MORTGAGE MARKET INDICATORS National Average Fixed Rate Mortgage 3.95%   MBS (3.5%) - 102.81, High: 102.86, Low: 102.66   DJI Stocks currently $12,372.26,  Down $-46.16, Change -0.373%   Asian & European … (3 comments)

loan: AM RATE LOCK & MARKET ADVISORY - January 4, 2012 - 01/04/12 09:48 AM
 
MORTGAGE LOCK ADVISORY 
January 4, 2012, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily  
   
Mortgage Interest Rate lock Advice for locks within 7 days:  FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities are Down 0.11 point. 
 
30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution
There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.
 
MORTGAGE MARKET INDICATORS National Average Fixed Rate Mortgage 3.91%   MBS (3.5%) - 102.93, High: 102.94, Low: 102.81   DJI Stocks currently $12,373.77,  Down $-23.61, Change -0.191%   Asian & … (0 comments)

loan: AM RATE LOCK & MARKET ADVISORY - December 30, 2011 - 12/30/11 09:42 AM
 
DAILY MORTGAGE LOCK ADVISORY 
December 30, 2011, 6:45 AM PST
Click for Lock Advice Updated Several Times Daily  
   
Mortgage Interest Rate lock Advice for locks within 7 days:  FLOATMortgage Points based on 3.5% Mortgage Backed Securities are down 0.18 point. 
 
30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT with Caution
There is not conclusive evidence to lock but, In this uncertain market the best advice is to lock at historic low rates.
 
MORTGAGE MARKET INDICATORS 
National Average Fixed Rate Mortgage 3.91%         MBS (3.5%) - 102.88, High: 102.92, Low: 102.69   DJI Stocks currently $12,267.81,  Down $-19.23, Change -0.157%   Asian & European … (0 comments)

loan: AM RATE LOCK & MARKET ADVISORY - December 2, 2011 - 12/02/11 09:41 AM
 
DAILY MORTGAGE LOCK ADVISORY 
December 2, 2011, 6:30 AM PST
Click for Lock Advice Updated Several Times Daily  
   
Mortgage Interest Rate lock Advice for locks within 7 days: LOCKMortgage Points based on 3.5% Mortgage Backed Securities are up 0.11 point.
 
30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK3.5% MBS price has repeatedly tried and failed to break above the long term resistance level of 102 and is now heading in the wrong direction.  In this uncertain market the best advice is to lock at historic low rates.
 
MORTGAGE MARKET INDICATORS National Average Fixed Rate Mortgage … (0 comments)

loan: FHA Home Mortgage Loans in San Diego - UFMIP - 11/30/11 09:19 AM
FHA Home Mortgage Loan in San Diego - UFMIP
FHA Mortgage Insurance Premiums (MIP)
FHA (Federal Housing Administration) charges Mortgage Insurance Premiums (MIP) to protect the lender in the event of default.  They are collected by the lender and then forwarded to FHA.
There are two types of MIP. charged on FHA loans.  Up Front Mortgage Insurance Premium (UFMIP) and Monthly Mortgage Insurance Premium MIP. 
Currently, UFMIP is a one-time charge, of 1.75% of the loan amount and is normally added to the base loan amount and financed by the borrower.  The base FHA loan is 96.50% of the purchase price so the resulting total … (10 comments)

loan: Would You Prefer To Argue Or Close Your Loan? - 11/13/09 11:23 AM
Please take the time to read Ken Cook's EXCELLENT post.  This guy knows what he is talking about and he is a standard that loan officers should be matched against. 

Many of you who regular read my writings know I often write what others are thinking even if they don't want to publish it. This, of course, makes me the point of contention for some while other appreciate my openness and *transparency*. That word is so abused these days - especially by those people who claim that by telling you the costs of the mortgage up front they are somehow the only … (0 comments)

loan: Bill Ladewig California Mortgages - 09/01/09 01:12 PM
Bill Ladewig California Mortgages
My Experience is Your Advantage
FHA & VA Mortgage Specialist since 1970 FHA & VA Lender Consultant FHA & VA Mortgage Trainer FHA 203k Home Rehabilitation Loan Expert Certified CalVet Loan Officer CalHFA Home Loans Bill has been in the mortgage industry since 1970 as a FHA and VA home loan originator, branch manager, Mortgage Company Owner, Mortgage Consultant and Instructor. Bill began his mortgage career in Orange County and made North San Diego County his home in 1985.
During this time Bill has originated and closed several thousand FHA and VA Mortgages and conducted on-line mortgage training … (0 comments)

 
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