Bill Ladewig's AM Market Brief

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Mortgage and Lending NMLS 291249

January 6, 2009, 8:30 AM PST
Fannie Mae Mortgage Backed Securities (MBS) Down 14.5 basis points (bps) to 4.507%
Monday, FHA Wholesale Rates were down 7.7 bps to 5.049%
*A Basis Point (bps) is 1/100 of 1.00%

LOCK
Mortgage Backed Securities are in a nuetral zone where the odds are about equal they could continue either up or down.  If you feel lucky float but, my advice in this uncertain market is to lock..

DJI Stocks Up 32.34 +0.36%
European and Asian Markets Up 1.34%

10 Year Treasury is currently 2.54% Up from 2.44 on Monday

Crude Oil Currently $50.23 per barrel.

Click here for the ULTIMATE FHA-VA Loan Officer Trainer and Pre-Qualifier   Calculates everything you need to know about FHA and VA Loans.  Qualifies Borrowers, Finds Rates,: Payments, Buyer and Seller Costs and FHA and VA Maximum Loan Amounts anywhere in the country.

FHA Introduced HOPE For Homeowners
Program details  for homeowners in trouble

How To Apply For $7,500 First Time Buyer Tax Credit
Up to $7,500 can be borrowed from IRS

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

Current Market and Lending Updates

 

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