Bill Ladewig's PM Market Brief

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Mortgage and Lending NMLS 291249

April 13, 2009, 1:05 PM PST

National Average Fixed Rate Mortgage 
Unchanged at 4.93% on 04-13-09
*A Basis Point (bps) is 1/100 of 1.00%

Fannie Mae Mortgage Backed Securities(MBS) Up 2.2 basis points to 4.385%

Lock Advice: Float with caution.  The Mortgage Mentor rate indicator shows rates in a neutral zone but the momentum remains up.

DJI Stocks Closed 8,057.81 down -25.57 -0.32%

European and Asian Markets Up 2.04%

10 Year Treasury currently 2.84%

NY Crude Oil $ 50.15 per barrel, Down 2.09% 

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

 

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The FHA Mortgage Group
Realtors®
Tags:
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down payment assistance
mbs
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fannie mae mortgage backed securities
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Rainmaker
773,642
Michael A. Caruso
Surterre Properties - Laguna Niguel, CA

Thanks for the market update Bill.

Please remember me if you learn of anyone moving to "The OC" and I will do the same!

 Michael Caruso, Broker ABR ABRM CRB CRS GREEN GRI

2007 President, Orange County Association of Realtors           

(949) 753-7900

 

Apr 13, 2009 03:25 PM #1
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Rainmaker
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Bill Ladewig

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