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

 

 
This post has been included in California Real Estate News Los Angeles County, CA Real Estate News
Post is included in group: Everything California
Post is included in group: Keller Williams 'Rainers
Post is included in group: Realtors®
Post is included in group: RE/MAX Active Rain Bloggers
Post is included in group: The FHA Mortgage Group

1 Comments on Bill Ladewig's PM Market Brief

APR
13
2009
718,937 Points 2 Featured Posts Localism Sponsor Outside Blog

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

 

3:25pm • #1


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Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970 Rainmaker_large

Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970

Escondido, CA

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Address: San Diego, Escondido, Vista, San Marcos, Oceanside, Rancho Bernardo, Poway, Scripps Ranch, Penasquitos, Shadowridge, Rancho Del Oro, Escondido, CA, 92025

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