Bill Ladewig's AM Market Brief

April 8, 2009, 6:30 AM PST

National Average Fixed Rate Mortgage 
Up 1.0 basis point at 4.96% on 04-07-09
*A Basis Point (bps) is 1/100 of 1.00%

Fannie Mae Mortgage Backed Securities (MBS) Down 2.7 basis points to 4.405%

Lock Advice: Lock
The Mortgage Mentor rate indicator shows rates may be on the rise.

DJI Stocks Opened 7,801.98  +12.42 +0.16%

European and Asian Markets Down 0.33%

10 Year Treasury currently 2.88%

NY Crude Oil $ 48.03 per barrel, Down 2.28%

FREE ON-LINE MORTGAGE CLASS: 203k Rehab Loan.  Everything You Need to Know,

Friday, April 10, 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