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Bill Ladewig's AM Market Brief
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 cautionToday 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 2003Benefiting 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 ... more

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