Rate Lock Advice and Mortgage Market Update - 09/30/09 10:34 AM
Rate Lock Advice and Mortgage Market Update
September 30 , 2009, 8:30 AM ET
Important FHA News09-18-2009, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177
RATE LOCK ADVISORY
Lock Advice:  FLOATMBS prices are down -3/32.  Second quarter GDP was revised higher than expected.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.09% on Sep.29
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.612% Up 0.014%.
10 Year Treasury currently 2.950% Down -0.36%
DJI … (1 comments)

PM Rate Lock and Mortgage Market Advisory - 09/29/09 04:00 PM
Rate Lock Advice and Mortgage Market Update
September 29 , 2009, 9:30 AM ET
Important FHA News09-18-2009, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177
RATE LOCK ADVISORY
Lock Advice: FLOATMBS prices this morning are unchanged from closing prices yesterday. Consumer confidence is lower than expected but did not effect MBS Market.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.

National Average Fixed Rate Mortgage Down 0.01% at 5.09% on Sep.29
Fannie Mae Mortgage Backed SecuritiesMBS Opened at … (0 comments)

Rate Lock Advice and Mortgage Market Update - 09/29/09 11:39 AM
Rate Lock Advice and Mortgage Market Update
September 29 , 2009, 9:30 AM ET
Important FHA News09-18-2009, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177
RATE LOCK ADVISORY
Lock Advice:  FLOATMBS prices this morning are unchanged from closing prices yesterday.  Consumer confidence is lower than expected but did not effect MBS Market.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.1% on Sep.28
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.599% … (4 comments)

PM Rate Lock Advisory and Market Update - 09/28/09 03:20 PM
Rate Lock Advice and Mortgage Market Update
September 28 , 2009, 1:10 PM ET
Important FHA News09-18-2009, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177
RATE LOCK ADVISORY
Lock Advice: FLOATMBS prices closed Up 6/32. There are no economic announcements scheduled for release today.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.

National Average Fixed Rate Mortgage Down 0.01% at 5.1% on Sep.28
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.658% Down 0.038%.
10 Year Treasury currently 2.960% Down -0.38%
… (2 comments)

Rate Lock Advice and Mortgage Market Update - 09/28/09 12:11 PM
Rate Lock Advice and Mortgage Market Update
September 28 , 2009, 10:00 AM ET
Important FHA News09-18-2009, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177
RATE LOCK ADVISORY
Lock Advice:  FLOATMBS prices are Up 1/32.  There are no economic announcements scheduled for release today.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.

National Average Fixed Rate Mortgage Unchanged at 5.11% on Sep.28
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.658% Down 0.038%.
10 Year Treasury currently 2.960% Down … (3 comments)

Legislation introduced to keep tax credit alive - 09/28/09 08:47 AM
I found this article in Sunday's San Diego Union Tribune
Legislation introduced to keep tax credit alive
By Kenneth R. Harney
2:00 a.m. September 27, 2009
WASHINGTON - Will Congress extend the wildly popular $8,000 home-buyer tax credit beyond its Dec. 1 expiration date?
That's a question generating huge pressure on Capitol Hill, from would-be buyers who haven't found the right house to realty agents, builders, lenders and squads of lobbyists working on their behalf.
But here's the first hint of an answer: On Sept. 17, the leadership of Congress' primary tax legislative committee introduced a tax credit bill that's likely … (7 comments)

Just because it's online doesn't mean it's right - 09/27/09 12:13 PM
There is a lot of great informaion on the internet but unfortunately there is also a lot of missinformation.  My rule when looking for information to answer a question is to find two answers that agree.
Jim Frimmer did a good job of explaining the problem so I thought I would pass it on.
San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage
 

Via Jim Frimmer, San Diego Mission Valley Realtor (Century 21 Award):
Several months ago I … (1 comments)

This Sucks... Who sent this junk? - 09/26/09 02:36 AM
I think this is sleezy advertising.  You too?  Lets do something about it.
I received this junk mail postcard in the mail.
My first question is, who sent it?
The company names used are Lincoln Capital and and Lincoln Capital Group with a California DRE license number of 01414409.
CA DRE lists a Lincoln Capital whose DBA has been canceled and Lincoln Capital Group in San Jose but neither match with the license number.  The license number belongs to a broker in Bakersfield with no DRE listed DBAs.
When I called the phone was answered "Loan Department".  Well folks, that really cleared things up.
What About the 4.5% Rate? When I asked for information … (106 comments)

PM Rate Lock Advisory - 09/24/09 06:21 PM
Rate Lock Advice and Mortgage Market Update
September 24 , 2009, 4:00 PM ET
Important FHA NewsFriday, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177
RATE LOCK ADVISORY
Lock Advice:  FLOATMBS prices are up +6/32 which may trigger midmorning rate improvement .Jobless Claims came in lower than expected.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Unchanged at 5.12% on Sep.24
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.747% Down 0.02%.
10 Year Treasury … (1 comments)

Rate Lock Advice and Mortgage Market Update - 09/24/09 12:17 PM
Rate Lock Advice and Mortgage Market Update
Lock Advice:  FLOATMBS prices are up +6/32 which may trigger midmorning rate improvement .Jobless Claims came in lower than expected.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Unchanged at 5.12% on Sep.24
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.747% Down 0.02%.
10 Year Treasury currently 3.030% Down -0.41%
DJI Stocks $9,703.66,  Down -44.89, -0.46%
European and Asian Markets Down -1.278%
Nymex Crude Oil currently $66.08 Down $2.89
This morning, MBS markets started with small losses, then … (2 comments)

PM Rate Lock Advisory and Market Update - 09/23/09 04:49 PM
Rate Lock Advice and Mortgage Market Update
September 23 , 2009, 10:15 AM ET
Important NewsLast Friday, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177
Lock Advice:  FLOATMPS Prices reversed themselves from their lows earlier and move up to close at 1/32 change.   As expected, the Fed made no change in the fed funds rate.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.12% on Sep.23
Fannie Mae Mortgage Backed SecuritiesMBS … (1 comments)

Rate Lock Advice and Mortgage Market Update - 09/23/09 12:34 PM
Rate Lock Advice and Mortgage Market Update
September 23 , 2009, 10:15 AM ET
Important NewsLast Friday, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177
Lock Advice:  LOCKMPS Prices just dropped 5/32 which may indicate an unfavorable midday rate change.  There will be a 5-yr auction at 1:00 PM ET.The Fed announcement will be released around 2:15 PM ET.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Unchanged at 5.13% on Sep.23
Fannie Mae Mortgage … (6 comments)

PM Rate Lock Advisory and Market Update - 09/23/09 01:15 AM
Rate Lock Advice and Mortgage Market Update
September 22 , 2009, 4:00 PM ET
Breaking NewsFriday, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177
Lock Advice:  FLOATMBS prices closed up 7/32, above 9:45 et pricing of -1/32.This week's major economic news will be the Treasury auctions and the Fed meeting.  The results for the 2-yr Treasury auction were close to average overall.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage UP 0.01% at 5.13% … (5 comments)

Rate Lock Advice and Mortgage Market Update - 09/22/09 02:07 PM
Rate Lock Advice and Mortgage Market Update
September 22 , 2009, 11:30 AM ET
Breaking NewsFriday, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177
Lock Advice:  FLOATThis week's major economic news will be the Treasury auctions and the Fed meeting, and the first auction will be later today.  There will be a 2-yr auction at 1:00 PM ET.Possibility of a favorable midmorning price change.MBS prices are up +6/32, above 9:45 et pricing of -1/32.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = … (2 comments)

Rate Lock Advisory and Mortgage Market Update - 09/22/09 03:28 AM
Rate Lock Advice and Mortgage Market Advisory

August 27 , 2009, 2:30  PM PT
Rate Lock Advice:  FLOATMBS prices are down -3/32. Personal Income and Core PCE came in very close to expectations and had little immediate impact..
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.19% on Aug.27
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.907% Up 0.071%.
10 Year Treasury currently 3.50% Up 0.03%
DJI stocks 9,555.69, Down -24.94, -0.26%
European and Asian Markets Up 1.027%
Nymex … (1 comments)

PM Rate Lock Advisory and Market Update - 09/21/09 06:14 PM
Rate Lock Advice and Mortgage Market Update
September 21 , 2009, 4:00 PM ET

Breaking NewsFriday, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177
Lock Advice:  FLOATThere were some midday lender repricing today and MBS prices closed at their 9:45 AM ET initial lender pricing of +4/32. Leading Indicators came in close to expectations.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage UP 0.02% at 5.12% on Sep.21
Fannie Mae Mortgage Backed SecuritiesMBS … (0 comments)

Rate Lock Advice and Mortgage Market Update - 09/21/09 11:52 AM
Rate Lock Advice and Mortgage Market Update
September 21 , 2009, 8:45 AM ET

Breaking NewsFriday, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177
Lock Advice:  FLOATIt has been a quiet morning. Weakness in the stock market has helped MBS markets.  MBS prices are up +4/32. Leading Indicators will be released at 10:00 et.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage UP 0.02% at 5.12% on Sep.21
Fannie Mae Mortgage Backed SecuritiesMBS … (7 comments)

PM Rate Lock Advisory and Market Update - 09/20/09 01:12 PM
Rate Lock Advice and Mortgage Market Update
September 17 , 2009, 4:00 PM PT
Lock Advice:  FLOAT MBS prices closed up +11/32 (FNMA 30-yr 4.5 at 100.26), above 9:45 AM ET initial lender pricing of +2/32, and at the high for the day.  Many lenders improved rates mid morning. Housing Starts and Jobless Claims came in close to expectations.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.02% at 5.08% on Sep.17
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.775% Up 0.04%.
… (2 comments)

FREE MORTGAGE CALCULATOR - Don't Leave Home Without It - 09/19/09 07:59 PM
FREE MORTGAGE CALCULATOR
This is Really Easy to Use CALCULATES
APR for Fixed Rate and ARMs   Calculates Monthly MIP and MI  Monthly Amortized Mortgage Payment Monthly Interest Only Payment - and the Increased Payment when it becomes Amortized Finds Interest Rate Current balance on existing loans. Compares Payments for different rates for the same loan amount. Shows Effect of making an Extra Monthly Payment Click to Download Free Mortgage Calculator
Bill Ladewig
800.664.7283 (SAVE)
Bill@yourfhaguru.com
 
 
 
San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego … (7 comments)

IF you must PLAGIARIZE at least make sure the info is correct - 09/19/09 07:26 PM
August 9, 2009: About a week ago I ran across a real estate agent's AR blog about FHA and VA financing.  This is kinda in my area so it received a careful read.  There were several errors so I Commented with the corrections feeling slightly rotten for making the corrections public.  At that point I didn't realize the whole thing was a cut and paste. 
Later I returned to his blog to see if he had commented on my comment and found comments from another very angry and popular MD and VA agent exposing the blog as a plagerized cut and paste. 
Apparently our … (31 comments)

Renovation Loans FHA 203k Streamline - Termite Damage - 09/19/09 08:45 AM
Michael Cantwell in Florida provided some great information about termite damage including a video.  And he provides a financing solution for serious damage. Michael is certainly the man in Florida to call for FHA 203k Renovation loans
Californians can call me when they need FHA 203k Renovation loans.
Bill Ladewig, Your FHA Guru 800.664.7283 Bill@yourfhaguru.com
http://www.yourfhaguru.com
San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism
Via Michael Cantwell fha 203k,construction ,jumbo,home equity (1st Time Homebuyer and Renovation Expert since 1987):

Michael … (4 comments)

PM Rate Lock Advisory and Market Update - 09/19/09 01:59 AM
Rate Lock Advice and Mortgage Market Update
September 18 , 2009, 3:00 PM PT

Lock Advice: LOCKUnfavorable repricing may be a risk from early investors. MBS prices are down -3/32, 6/32 below the early high of +3/32.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.

National Average Fixed Rate Mortgage UP 0.01% at 5.1% on Sep.18
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.683% Down 0.092%.
10 Year Treasury currently 3.090% Down -0.33%
DJI Stocks closed today $9,820.20,  Up 36.28, 0.37%
European and Asian Markets Down … (2 comments)

Technorati - 09/18/09 06:49 PM
2kcaprqdg8
… (0 comments)

Rate Lock Advice and Mortgage Market Update - 09/18/09 02:23 PM
Rate Lock Advice and Mortgage Market Update
September 18 , 2009, 12:15 AM PT

Lock Advice:  LOCKUnfavorable repricing may be a risk from early investors. MBS prices are down -3/32, 6/32 below the early high of +3/32.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage UP 0.01% at 5.1% on Sep.18
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.683% Down 0.092%.
10 Year Treasury currently 3.110% Down -0.31%
DJI Stocks $9,829.42,  Up 45.5, 0.47%
European and Asian Markets Down -0.278%
Nymex Crude … (1 comments)

BREAKING NEWS - Possible FHA Changes - 09/18/09 10:21 AM
BREAKING NEWS - Possible FHA Changes will not help the recovery
FHA announced this morning that its reserves have fallen below required levels.  Moves to reduce risk, may include policy changes such as requiring higher credit scores and increasing reserves required for FHA lenders.  There is also talk of enacting an appraisal policy similar to HVCC. No time frame for these proposed changes has been announced yet.
More information in a Washington Post article: Click
Bill Ladewig, Your FHA Guru
800.886.7283 (SAVE)
Bill@YourFhaGuru.com
http://www.YourFhaGuru.com
 
 
San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans … (3 comments)

Rate Lock Advice and Mortgage Market Update - 09/17/09 01:14 PM
Rate Lock Advice and Mortgage Market Update
September 17 , 2009, 11:00 PM PT
Lock Advice:  FLOAT MBS prices are up  7/32, above 9:45 AM ET initial lender pricing of +2/32, and at the high for the day.  Housing Starts and Jobless Claims came in close to expectations.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.09% on Sep.17
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.775% Up 0.04%.
10 Year Treasury currently 3.120% Down -0.36%
DJI Stocks $9,691.65,  Up … (1 comments)

Rate Lock Advice and Mortgage Market Update - 09/16/09 09:26 AM
Rate Lock Advice and Mortgage Market Update
September 15 , 2009, 7:15 PM PT
Lock Advice:  LOCKUnfavorable repricing may be a risk from investors who priced early this morning. MBS prices are up +5/32 (FNMA 30-yr 4.5 at 100.18), below the early high of +10/32.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage UP 0.01% at 5.1% on Sep.15
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.735% Down 0.01%.
DJI Stocks $9,691.65,  Up 8.24, 0.09%
European and Asian Markets Up 0.11%
Nymex Crude … (2 comments)

Getting Screwed By B of A a not uncommon story - 09/15/09 04:40 PM
Below is a link to Piggingtons blog where an interesting B of A discussion is going on as this is being written. 
http://piggington.com/getting_screwed_by_bank_of_america
B of A and other "Bailed Out, Big Box" lenders would love to put mortgage brokers out of business and limit consumer home loan choices to the Big Four: B of A, Chase, CitiBank and Wells Fargo.  A scary thought indeed.
Bill Ladewig,
PS, I conduct a weekly rate survey and while it is to promote me there are thousands of mortgage brokers across the country who can deliver the same rates as I; coupled with their experience and great … (1 comments)

Rate Lock Advice and Mortgage Market Update - 09/15/09 09:27 AM
Rate Lock Advice and Mortgage Market Update
September 15 , 2009, 7:15 PM PT
Lock Advice:  LOCKMBS prices are down -6/32 (FNMA 30-yr 4.5 at 100.11), which is about 9/32 lower than yesterday at this time. The 30-yr fixed FNMA required net yield (60 day) is now at 4.84%, from 4.78% yesterday
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.09% on Sep.14
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.745% Up 0.053%.
10 Year Treasury currently 3.450% Up 0.03%
… (0 comments)

PM Rate Lock Advisory and Market Update - 09/14/09 05:56 PM
Rate Lock Advice and Mortgage Market Update
September 14 , 2009, 1:00 PM PT
Lock Advice:  LOCKUnfavorable repricing is a risk. MBS prices are down -10/32 below 9:45 AM ET initial lender pricing of -5/32.. Obama's speech had little impact on MBS markets.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.09% on Sep.14
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.692% Down 0%.
10 Year Treasury currently 3.420% Up 0.08%
DJI Stocks $9,626.80,  Up 21.39, 0.22%
European and Asian … (1 comments)

Rate Lock Advice and Mortgage Market Update - 09/14/09 01:24 PM
Rate Lock Advice and Mortgage Market Update
September 14 , 2009, 11:00 AM PT
Lock Advice:  FLOATMBS prices are down -1/32, above 9:45 AM ET initial lender pricing of -5/32, and at the high for the day. Obama's speech had little impact on MBS markets.
No economic data will be released today.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.09% on Sep.14
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.692% Down 0%.
10 Year Treasury currently 3.390% Up 0.05%
… (1 comments)

PM Rate Lock and Mortgage Market Advisory - 09/11/09 05:12 PM
Rate Lock Advice and Mortgage Market Update
September 11 , 2009, 3:00 PM PT
Lock Advice:  FLOATMBS prices Up 8/32. Consumer Sentiment will be released at 10:00 AM ET.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Unchanged at 5.1% on Sep.11
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.692% Down 0.078%.
10 Year Treasury currently 3.350% Down -0.01%
DJI Stocks Closed the week: $9,605.41,  Down -22.07, -0.23%
European and Asian Markets Up 0.496%
Nymex Crude Oil currently $67.40 Down $2.51
Next Week … (1 comments)

Rate Lock Advice and Mortgage Market Update - 09/11/09 12:10 PM
Rate Lock Advice and Mortgage Market Update
September 11 , 2009, 10:00 AM PT
Lock Advice:  FLOATMBS prices Up 8/32. Consumer Sentiment will be released at 10:00 AM ET.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Unchanged at 5.1% on Sep.11
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.692% Down 0.078%.
10 Year Treasury currently 3.290% Down -0.07%
DJI Stocks $9,592.26,  Down -35.22, -0.37%
European and Asian Markets Up 0.496%
Nymex Crude Oil currently $67.12 Down $2.79
This morning,  August Import Prices … (2 comments)

Rate Lock Advice and Mortgage Market Update - 09/10/09 12:31 PM
Rate Lock Advice and Mortgage Market Update
September 10 , 2009, 10:25 AM PT
Lock Advice:  FLOATFavorable repricing is possible. MBS prices are up +16/32 above 9:45 AM ET intial lender pricing of +8/32. Very strong 30-yr auction results lifted MBS markets.Jobless Claims came in lower than expected.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.04% at 5.12% on Sep.10
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.771% Down 0.034%.
10 Year Treasury currently 3.360% Down -0.12%
DJI Stocks $9,585.24,  Up … (1 comments)

PM Rate Lock and Mortgage Market Advisory - 09/09/09 05:33 PM
Rate Lock Advice and Mortgage Market Update
September 9 , 2009, 3:00 PM PT
Lock Advice:  FLOATMBS prices closed the day up 1/32.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.16% on Sep.9
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.805% Up 0.007%.
10 Year Treasury currently 3.470% Down 0%
DJI stocks $9,547.22,  Up 49.88, 0.53%
European and Asian Markets Up 0.328%
Nymex Crude Oil currently $69.86 Up $0.42


Today closed on a quiet session. Demand was about average … (1 comments)

Rate Lock Advice and Mortgage Market Update - 09/09/09 11:07 AM
Rate Lock Advice and Mortgage Market Update
September 9 , 2009, 9:00 AM PT
Lock Advice:  FLOATMBS prices are down -2/32. The Fed's Beige Book will be released at 2:00 PM ET., and there will be a 10-yr auction at 2:00 PM ET.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.17% on Sep.8
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.805% Up 0.007%.
10 Year Treasury currently 3.50% Up 0.03%
DJI stocks 9,560.67,  Up 63.33, 0.67%
European and Asian … (1 comments)

Rate Lock Advice and Mortgage Market Update - 09/08/09 12:27 PM
Rate Lock Advice and Mortgage Market Update
September 8 , 2009, 10:24 AM PT
Lock Advice:  FLOATHold off on locking loans that must lock today, Favorable repricing is possible. MBS prices are up +7/32. There will be a 3-yr auction at 1:00 PM ET
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.17% on Sep.8
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.798% Up 0.012%.
10 Year Treasury currently 3.430% Down -0.02%
DJI stocks 9,468.25, Up 26.98, 0.29%
European and … (2 comments)

PM Rate Lock and Mortgage Market Advisory - 09/04/09 06:32 PM
Rate Lock Advice and Mortgage Market Update
September 4 , 2009, 3:45 PM PT
Rate Lock Advice: LOCKMid morning price increase is a risk. MBS prices are down -5/32 (FNMA 30-yr 4.5 at 100.20), below 9:45 et pricing of unchanged.Job losses in August were -216K, which was very close to expectations, and the immediate reaction was small.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.

National Average Fixed Rate Mortgage Unchanged at 5.18% on Sep.4
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.786% Down 0.005%.
10 Year … (1 comments)

Rate Lock Advice and Mortgage Market Update - 09/04/09 12:00 PM
Rate Lock Advice and Mortgage Market Update
September 4 , 2009, 9:45 AM PT
Rate Lock Advice:  LOCKMid morning price increase is a risk. MBS prices are down -5/32 (FNMA 30-yr 4.5 at 100.20), below 9:45 et pricing of unchanged. Job losses in August were -216K, which was very close to expectations, and the immediate reaction was small.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Unchanged at 5.18% on Sep.4
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.786% Down 0.005%.
10 Year Treasury … (1 comments)

Rate Lock Advice and Mortgage Market Update - 09/03/09 02:23 PM
Rate Lock Advice and Mortgage Market Update
September 3 , 2009, 12:15 PM PT
Rate Lock Advice:  FLOATMarket has improved so hold locks for must lock loans for a while.  MBS prices are up 4/32 from the 9:45 AM ET lender intial posting time.  Jobless Claims matched expectations.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.02% at 5.18% on Sep.3
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.79% Up 0.025%.
10 Year Treasury currently 3.330% Up 0.04%
DJI stocks 9,296.24, Up 15.57, … (1 comments)

Rate Lock Advice and Mortgage Market Update - 09/02/09 12:53 PM
Rate Lock Advice and Mortgage Market Update
September 2 , 2009, 10:45 AM PT
Rate Lock Advice:  FLOATFavorable repricing may be possible. MBS prices are up +8/32 (FNMA 30-yr 4.5 at 100.29), above 9:45 et pricing of +4/32. Early investors may have priced at lower levels.  Second quarter Productivity was revised higher than expected to 6.6%.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Unchanged at 5.2% on Sep.2
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.766% Down 0.034%.
10 Year Treasury currently … (3 comments)

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)

San Diego FHA Home Loans - California FHA Loan Limits - 09/01/09 11:18 AM
San Diego FHA and VA Home Loans - California FHA Loan Limits
FHA Loan Limits for 1 living unit in selected Southern California Counties.
     The FHA Loan Limit for San Diego County is $697,500. 
     The FHA Loan Limit for Orange and Los Angeles Counties is $729,750 
     The FHA Loan Limit for Riverside and San Bernardino Counties is $500,000
California FHA Loan Limits can vary in each county these limits are in effect as of August, 2009.The FHA Up Front Mortgage Insurance Premium (FHA UFMIP) when added to the loan amount can cause the loan amount to exceed these California FHA … (2 comments)

Rate Lock Advice and Mortgage Market Update - 09/01/09 10:51 AM
Rate Lock Advice and Mortgage Market Update
September 1 , 2009, 8:30 AM PT
Rate Lock Advice:  FLOATMBS prices recovered earlier their losses and are now unchanged above 9:45 AM ET initail lender pricing level of -1/32.  MBS prices are being helped by DJI stocks being down 158.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.2% on Aug.31
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.799% Up 0%.
10 Year Treasury currently 3.380% Down -0.02%
DJI stocks 9,337.95, Down … (1 comments)

 
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Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970

Escondido, CA

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Address: San Diego, Escondido, Vista, San Marcos, Oceanside, Rancho Bernardo, Poway, Scripps Ranch, Penasquitos, Shadowridge, Rancho Del Oro, Escondido, CA, 92025

Office Phone: (866) 204-9733

Cell Phone: (760) 685-0480

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