August 3 , 2009, 6:30 AM PST

National Average Fixed Rate Mortgage 
Unchanged July 31 at 5.29%

Fannie Mae Mortgage Backed Securities
MBS Opened Down 0.065% at 4.850%

10 Year Treasury currently 3.560% Up 0.04%
  
Lock Advice: LOCK
Unfavorable lender repricing is a risk. MBS prices are down -16/32 (FNMA 30-yr 4.5 at 100.04), below 9:45 et pricing of -8/32. Stronger than expected ISM and Construction data pushed MBS markets lower.  MBS Price and Yield have an inverse relationship.  Lower prices mean higher yields.

DJI stocks 9,241.29, Up 69.68, 0.76%

European and Asian Markets Up 0.931%

Nymex Crude Oil currently $72.88 Up $2.00

WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and need a local appraiser consider FHA financing where we can still control the appraiser selection

Where are the best rates: Mortgage Brokers or Direct Lenders?  Rate Survey

The dreaded Stealth Rate Shopper Strikes Ditech full story  

Click for inter-day Rate Lock and Market updates

Monday 10:00 AM Construction Spending Up 0.3% anticipated down 0.5%

Monday 10:00 AM ISM Manufacturing Index 49.9 anticipated 46.5

Are the best rates supplied by Direct Lenders? 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 

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

Education is Consumer's Only Real Protection. 

Your FHA GuruBill Ladewig

800.664.7283 (SAVE)

Bill@YourFhaGuru.com

Website

 

 

 

Bill Ladewig is a Mortgage Broker Licensed by the California Department of Real Estate 00968137

NMLS #291249

 

 

 

 

San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage Ultimate Mortgage Calculator

 
This post has been included in California Real Estate News San Diego County, CA Real Estate News Rancho Bernardo, CA Real Estate News
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2 Comments on Bill Ladewig's AM Market Brief

AUG
03
2009
187,196 Points 5 Featured Posts

Bill, thanks for the market check-up. May I put in a request: Would you blog soon about the advantages to FHA as it relates to appraiser selection? Kate
11:15am • #1
489,597 Points 7 Featured Posts Outside Blog

Good idea Kate... coming soon.
11:20am • #2


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

Escondido, CA

More about me…

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

Office Phone: (866) 204-9733

Cell Phone: (760) 685-0480

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