Bill Ladewig's AM Market Brief

Mortgage and Lending NMLS 291249

April 20 , 2009, 6:30 AM PST

National Average Fixed Rate Mortgage 
Up 2.0 basis points to 4.96% on 04-20-09
*A Basis Point (bps) is 1/100 of 1.00%

Fannie Mae Mortgage Backed Securities (MBS) Down 4.3 basis points to 4.385%

Lock Advice: Float with Caution
The Mortgage Mentor rate indicator shows rates holding in a temporary neutral zone.

DJI Stocks  Opened 7,825.40 down -16.33 -0.21%

European and Asian Markets Down 2.58%

10 Year Treasury currently 2.78%

NY Crude Oil $ 45.26 per barrel, Down 1.35%

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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