Bill Ladewig's PM Market Brief

March 31, 2009, 1:33 PM PST

National Average Fixed Rate Mortgage 
Down 1 basis points to 4.92% on 03-31-09
*A Basis Point (bps) is 1/100 of 1.00%

Fannie Mae Mortgage Backed Securities (MBS) Up 1.9 basis points to 4.307%

Lock Advice: Float with Caution
The Mortgage Mentor rate indicator shows we are near the end of the current down cycle.

DJI Stocks closed 7,608.92  +86.90 +1.16%

European and Asian Markets Up 2.16%

10 Year Treasury currently 2.67%

Crude Oil $ 49.12 per barrel, Up 1.47%

FREE ON-LINE MORTGAGE CLASS: USDA-RD Everything You Need to Know,

Friday, April 3, 9:30-10:30 AM

Home Sales Improved Unexpectedly

FHA Cash Out Refinances Limited to 85%

2009 Conforming Loan Limits increased by American Recovery and Reinvestment Act to $729,750 in high cost counties

How To Apply For $8,000 First Time Buyer Tax Credit
Up to a $8000 Tax Credit is available from IRS

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