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Bill Ladewig's AM Market Brief
January 6, 2009, 8:30 AM PSTFannie 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%
LOCKMortgage 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 HomeownersProgram details  for homeowners in trouble
How To Apply For $7,500 First Time Buyer Tax CreditUp to $7,500 can be borrowed from IRS
10 Ways to Avoid A Closing NightmareAn easy list that will make your life easier
Current Market and Lending Updates
 
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