June 17 , 2009, 1:35 PM PST
National Average Fixed Rate Mortgage
Down 4 basis points at 5.47% on 06-17-09
*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities (MBS) Down 11.7 basis points to 5.024%
Lock Advice: Float with Caution
Rates increased slightly this afternoon. Today's AM rate indicator was down 10.2 basis points and 10 year bonds were down 4 basis points up from close of business Monday.
DJI Stocks Closed 8,497.18 -7.49 -0.09%
European and Asian Markets Down 1.46%
10 Year Treasury currently 3.68%
Nymex Crude Oil $70.94 barrel, Up $0.47
Direct Lender Rate Survey
Your Stealth Rate Shopper Strikes again full story
Click for current Lending news and information
$8,000 Tax Credit Advance was approved (05-29-09) by FHA Click for FHA bulletin
Fannie MBS Issuance Hits Highest Mark Since 2003
Benefiting from historically low interest rates and a refinancing boom, Fannie Mae issued $87.8 billion in mortgage-backed securities in March, nearly doubling the previous month's volume.
1st Quarter Residential Loan Originations Jump 36%
Thanks to interest rates that were at or near historical lows, residential mortgage lenders saw their loan production jump by 36% in the first quarter, according to preliminary survey figures compiled by National Mortgage News and the Quarterly Data Report.
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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