Ladewig's AM Market Brief

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Real Estate Mortgage Broker NMLS 291249

Mortgage Rates Down slightly this morning
ADVICE:  Lock Rates on today's down tick.
MBS yields are currently at the bottom of established trading trend so the probability of rates increasing is high.

FNMA 30Yr Mortgage Backed Securities (MBS) down 1.9 basis points to 6.160%. 

10 Year T-Bill up 2 basis points to 3.82%.  A Basis Point is 1/100 of a percent.

DJI Stocks  Up 63 in early trading.

Crude Oil currently  up at $118.67 per barrel

Reverse Mortgage Broker Fee in Dispute

Market and Lending updates: http://www.YourFhaGuru.com

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Bill Ladewig

Your FHA Guru - FHA and VA Loans Since 1970
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Daily rate lock advice, mortgage market updates and information about new and existing mortgage loans.

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