Rate Lock Advice and Mortgage Market Update
September 21 , 2009, 4:00 PM ET
Breaking News
Friday, Hud announced sweeping FHA changes,
the most I have seen in my career
Press Release: HUD No. 09-177
Lock Advice: FLOAT
There were some midday lender repricing today and MBS prices closed at their 9:45 AM ET initial lender pricing of +4/32.
Leading Indicators came in close to expectations.
RATE NOTES:
When MBS prices are up, Rates are down.
Lock advice changes throughout the day .
Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage
UP 0.02% at 5.12% on Sep.21
Fannie Mae Mortgage Backed Securities
MBS Opened at 4.769% Up 0.086%.
10 Year Treasury currently 3.070% Down -0.42%
DJI Stocks $9,778.86, Down -41.34, -0.42%
European and Asian Markets Down -0.676%
Nymex Crude Oil currently $69.68 Down $0.03
Four Minute Rate Shopping Genius.
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This FREE Calculator makes mortgage calculations a cinch. Check it out.
WORRIED ABOUT HVCC AND 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.
Read recent HVCC Wall Street Journal Article
Rate Survey Where you will find the best rates
New FHA Condo Rules have been extended to November 2, 2009 - Story
The dreaded Stealth Rate Shopper Strikes Ditech full story
Click for current Lending news and information
Time is running out, don't let your buyers delay, the $8,000 Tax Credit is expiring on December 1, 2009.
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
Your Fha Guru
Bill Ladewig
800.664.SAVE (7283)
Bill@yourfhaguru.com
The Mortgage Markets and Rate Lock Advisory is updated several times a day and is available at http://www.yourfhaguru.com
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