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rates: PM RATE LOCK & MARKET ADVISORY - January 13, 2012 - 01/13/12 05:49 PM
MORTGAGE LOCK ADVISORY
January 13, 2012, 2:30 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 0.18 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 INDICATORSNational Average Fixed Rate Mortgage 3.89% MBS (3.5%) - 103.22, High: 103.36, Low: 103.03 DJI Stocks closed at $12,422.06, Down $-48.96, Change -0.394% Asian & European … (0 comments)
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rates: Mortgage Market & Lock Commentary - 12-29-2011 - 12/29/11 03:46 PM
DAILY MORTGAGE LOCK ADVISORY
December 29, 2011, 12:30 PM 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 0.14 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%) - 102.7, High: 102.81, Low: 102.5 DJI Stocks currently … (0 comments)
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rates: AM Mortgage Market & Lock Commentary - 12-29-2011 - 12/29/11 10:01 AM
DAILY MORTGAGE LOCK ADVISORY
December 29, 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 up 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 INDICATORS National Average Fixed Rate Mortgage 3.91% MBS (3.5%) - 102.56, High: 102.61, Low: 102.53 DJI Stocks currently $12,213.44, … (0 comments)
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rates: AM Mortgage Market & Lock Commentary - 12-23-2011 - 12/23/11 09:42 AM
DAILY MORTGAGE LOCK ADVISORY
December 23, 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 0.14 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 3.94% MBS (3.5%) - 102.02, High: 102.31, Low: 102.09 DJI Stocks currently … (2 comments)
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rates: Mortgage Market & Lock Commentary - 12-22-2011 - 12/22/11 01:49 PM
DAILY MORTGAGE LOCK ADVISORY
December 22, 2011, 10:30 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 down 0.04 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 3.94% MBS (3.5%) - 102.30, High: 102.47, Low: 102.25 DJI Stocks currently $12,177.81, Up $69.37, Change 0.570% Asian & … (0 comments)
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rates: AM Mortgage Market & Lock Commentary - 12-22-2011 - 12/22/11 11:11 AM
DAILY MORTGAGE LOCK ADVISORY
December 22, 2011, 7:00 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 0.12 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 3.94% MBS (3.5%) - 102.39, High: 102.39, Low: 102.25 DJI Stocks currently $12,157.81, Up $50.07, Change 0.412% Asian & … (0 comments)
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rates: AM Mortgage Market & Lock Commentary - December 21, 2011 - 12/21/11 10:59 AM
DAILY MORTGAGE LOCK ADVISORY
December 21, 2011, 8:00 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 up 0.06 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 3.94% MBS (3.5%) - 102.25, High: 102.41, Low: 102.25 DJI … (0 comments)
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rates: AM Mortgage Market & Lock Commentary - 12-21-2011 - 12/21/11 09:57 AM
DAILY MORTGAGE LOCK ADVISORY
December 21, 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 o.05 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 3.94% MBS (3.5%) - 102.4, High: 102.41, Low: 102.28 DJI Stocks … (0 comments)
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rates: PM Mortgage Market & Lock Commentary - 12-20-2011 - 12/20/11 04:19 PM
DAILY MORTGAGE LOCK ADVISORY
December 20, 2011, 1:00 PM 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 0.30 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 3.94% MBS (3.5%) - 102.36, High: 102.66, Low: 102.34 DJI Stocks closed at … (0 comments)
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rates: AM Mortgage Market & Lock Commentary - 12-20-2011 - 12/20/11 09:47 AM
DAILY MORTGAGE LOCK ADVISORY
December 20, 2011, 6:30 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 up 0.17 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 3.94% MBS (3.5%) - 102.49, High: 102.66, Low: 102.44 DJI Stocks currently $11,948.58, … (0 comments)
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rates: Education is the Only Sure Consumer Protection - 10/21/09 08:15 AM
Education is the Only Sure Consumer Protection
Realtors, We Must Teach Your Clients to Properly Shop for Rates. Life is better for all concerned when Your buyers know how to select competent lenders
FIRST, Two VERY IMPORTANT Rules:
Mortgage Rates, Points and Lender Fees are interdependent parts of every rate quote. If any part is missing the Quote is worthless. Do not fall for "I must have your credit report and financial information before I can quote you a my rate" because this an absolutely outrageous lie. Move to the next lender no matter whojust lied to you. In my opinion this is predatory lending. Important Mortgage Rate Shopping Tips.
Know your credit score before … (48 comments)
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rates: The Stealth Rate Shopper Strikes Again - 06/15/09 05:07 PM
Stealth Shopper Strikes Bank of America, Chase and DitechSaturday, June 13, 2009
See the surprising result of rate survey
When the purchase of any product is contemplated one of the buyer's first concerns is how much does it cost. It is the question that determines a continuing conversation. Would you make an offer for a home before you knew its price? Why is it then that some lenders will not tell us the cost of their financing before we waste our time giving them all our personal information.
Lets see how three of America's largest "Direct" lenders scored.
Bank of America … (2 comments)
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rates: LOCK... LOCK... LOCK - 12/01/08 09:25 AM
LOCK IMMEDIATELY
Monday FHA rates are holding from last week's sharp decrease as low as 5.25% with a couple of lenders I think rates will turnaround this week.
The chart below is a historical 1.5 year record of oversold and undersold Mortgage Backed Securities. Historically when Rates are undersold by .2 (green) or greater the best result is to float and when they are oversold by minus 0.20 or less (red) it is a good idea to lock. Today, the chart is close to -.5 and is at a 1.5 year low. My advise would to lock rates as soon as possible.
Current rate … (2 comments)
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rates: Once Again the Media is Wrong - 11/28/08 01:45 PM
I am so tired of hearing from The Media "the mortgage market still frightened and only the most credit worthy borrowers can hope for a home loan".
Hear Ye.... Hear Ye.
Homebuyers with scores down to 580 can find 97% FHA financing with most lenders and there are one or two that will accept as low as 530 on a case-by-case basis.
Yes, some lenders inflict pricing penalties starting at scores below 640, some start below 620 and all charge extra for below 580. But... THE LOANS ARE AVAILABLE and the starting rate today (11-28) is 5.50% and the rate for a … (9 comments)
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rates: RATES IN FREE FALL - Yahooooo - 11/25/08 12:09 PM
Commentary: In a surprise move, the Federal Reserve announced this morning that it will purchase as much as $600 billion in debt and mortgage-backed securities issued by the Fannie Mae, Freddie Mac and Ginnie Mae. $100 billion of the total will be spent on the direct debt of the three mortgage entities with the remaining $500 billion to be spent on the purchase of the companies' mortgage-backed securities. Direct debt (various maturing notes) purchases will begin next week through selected dealers. Purchases of mortgage-backed securities will be handled through authorized managers with the first transactions expected before the end of the … (5 comments)
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rates: Bill Ladewig's PM Market Brief - 10/08/08 03:11 PM
1:00 PM Wednesday, October 8, 2008
Mortgage rates Down this morning.Lock Advice: FloatRates look like they are in a short term decline. But, if the payment works for your borrower a lock cannot be faulted. FNMA 30Yr Mortgage Backed Securities (MBS) are Down 3.7 bps to 5.656%* One Basis Point (bps) is 1/100 of a percent.
10 Year T-Bill yield is Up to 3.71%
1:00 PM PST: DJI Stocks Closed Down 189.01..Around the world, 97% of the other stock markets are Down.
1:00 PM PST Crude Oil is 89.37 per barrel .
ULTIMATE FHA-VA CALCULATOR Calculates everything … (0 comments)
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rates: Ladewig's AM Market Brief - 09/18/08 11:03 AM
Thursday, Sept. 18, 2008
Mortgage rates are down this morning.ADVICE: LOCKWednesday, Fannie Mae MBS Rates suffered the largest single day increase in over a year, 42.9 bps. Rates pulled back in the afternoon but my best advice is to lock immediately in this uncertain market.
FNMA 30Yr Mortgage Backed Securities (MBS) down 7.5 basis points* to 5.604%. * One Basis Point is 1/100 of a percent.
10 Year T-Bill yield up 1 basis point to 3.41%
DJI Stocks opened up $144.20 83% of the World markets are up today.
Crude Oil is currently $99.76 per barrel.
FHA-VA Qualifier and Rate Finder Qualifies, … (0 comments)
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rates: Rates probably hit a temporary bottom yesterday - 09/17/08 01:57 PM
Rates are mov'n on up.
Below you will find not the most sophisticated looking tool but it does work. It works on the theory that rates will only travel so far above or below their average price before they must spring back. The dark line across the middle indicates the average rate. Above the line, shows rate increases and below decreases.
My advice is to always lock when rates are below -2 on the chart and float when they are above +1
You can see that the last series of rate declines pushed rates further below their average price then anytime … (0 comments)
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rates: LOCK... LOCK... LOCK - 09/17/08 08:53 AM
Wednesday, Sept. 17, 2008
Mortgage rates sharply higher this morning..ADVICE: LOCK IMMEDIATELYThis morning, Fannie Mae MBS Rates suffered the largest single day increase in over a year, 42.9 bps. My best advice is to lock as soon as possible in this uncertain market.
FNMA 30Yr Mortgage Backed Securities (MBS) Up 42.9 basis points* to 5.679%.
10 Year T-Bill up 9 basis points to 3.40%
DJI Stocks opened Down 20 at 6:30 AM PST.
Crude Oil is currently $93.77 per barrel.
* One Basis Point is 1/100 of a percent.
FHA-VA Qualifier and Rate Finder Qualifies, Finds Rates, Loan Amounts, Closing Costs for: … (4 comments)
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rates: FREE FHA-VA MORTGAGE CALCULATOR - 09/16/08 12:24 PM
NEW FHA- VA MORTGAGE Pre-Qualifier and Rate Finder
Pre-Qualifies FHA and VA Buyers based on income and credit score No application required Finds maximum loan for all regions in US Shops Several Lenders for Lowest Rate FHA and VA Loans: 30 year Fixed 1 Year Fixed Adjustable Rate 3 Year Fixed Adjustable Rate 5 Year Fixed Adjustable Rate 203(k) Rehabilitation Mortgage Calculates: Maximum Loan Amount for every County in the USA Loan amount and Mortgage Insurance Required VA Residuals for all regions Total Housing Expense (Principal & Interest, Taxes, Insurance, Mortgage Insurance) Total Cost to Close FHA Buyers Minimum 3% Investment VA Buyer's Non-Allowable … (3 comments)
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Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970
Escondido,
CA
More about me…
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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Daily rate lock advice, mortgage market updates and information about new and existing mortgage loans.;)
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