Bill Ladewig's AM Market Brief

By
Real Estate Mortgage Broker NMLS 291249

July 6 , 2009, 6:30 AM PST

National Average Fixed Rate Mortgage 
Up 3 basis point at  5.36% on 07-03-09
*A Basis Point (bps) is 1/100 of 1.00%

Fannie Mae Mortgage Backed Securities
Down 3.5 basis points to 4.932%

Lock Advice:  Float with caution
Today the MM rate indicator slightly reversed turning up 0.60 basis points.

DJI Stocks Opened 8,228.52  -52.22  -0.63%

European and Asian Markets Down 1.35%

10 Year Treasury currently 3.51%

Nymex Crude Oil $64.23 barrel, Down $2.50

Are the best rates supplied by Direct Lenders? Rate Survey

Your Stealth Rate Shopper Strikes again full story 

Click for current Lending news and information


$8,000 Tax Credit Advance was approved (05-29-09) by FHA Click for FHA bulletin 

Fannie MBS Issuance Hits Highest Mark Since 2003
Benefiting from historically low interest rates and a refinancing boom, Fannie Mae issued $87.8 billion in mortgage-backed securities in March, nearly doubling the previous month's volume.

1st Quarter Residential Loan Originations Jump 36%
Thanks to interest rates that were at or near historical lows, residential mortgage lenders saw their loan production jump by 36% in the first quarter, according to preliminary survey figures compiled by National Mortgage News and the Quarterly Data Report.

How To Apply For $8,000 First Time Buyer Tax Credit
Up to a $8000 Tax Credit is available from IRS

10 Ways to Avoid A Closing Nightmare
An easy list that will make your life easier

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Topic:
ActiveRain Community
Location:
California Los Angeles County
Groups:
Century 21 Active Rainers
Keller Williams 'Rainers
Mortgages
Realty Executives
RE/MAX Active Rain Bloggers
Tags:
market
mbs
fannie mae mortgage backed securities
fha expert
fha guru
down payment assistance
mortgage class
va loan class

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Rainer
188,478
Eric Villaverde
DoubleTree Home Inspection Services L.L.C.

I found your information to be very informative this morning. Thanks

July 06, 2009 08:43 AM
Rainmaker
651,601
Cindy Edwards
CRS, GRI, PMN - Northeast Tennessee - 423-677-6677
RE/MAX Checkmate

Great information.  Thanks

July 06, 2009 09:44 AM
Anonymous
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Rainmaker
570,609

Bill Ladewig

Your FHA Guru - FHA and VA Loans Since 1970
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