PM Rate Lock Advice and Mortgage Market Update
Rates 10-12-09, 8:30 AM PT
30 Year Fixed to $417,000
Rate 4.625% Point 1.250, APR 4.796%
APR Based on $350,000 Loan at 80% LTV
Above Rates can be locked for 30 days.
Call for Quotes on FHA and VA loans With Detailed Good Faith Estimates.
No Application or Credit Report required
October 12, 2009, 1:30 AM ET
RATE LOCK ADVISORY
Lock Advice: LOCK
Lock advice is based Friday's MBS Market. Some lenders and MBS markets are closed in observance of Columbus Day.
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 4.99% on Oct.12
10 Year Treasury Fridays Close 3.380% Down -0.02%
DJI Stocks $9,885.80, Up 20.86, 0.21%
European and Asian Markets Up 0.92%
Nymex Crude Oil currently $73.10 Up $1.33
IS THE FDIC KILLING SHORT SALES To Profit Billionaire George Soros and His Merry Band of Financial Thugs? Read Story.
Bill Introduced to Increase FHA Down Payment to 5.00% from 3.50 Read Story.
New FHA Condo Rules have been extended to November 2, 2009 - Story
Rate Survey Where you will find the best rates
August 2009, Rate Lock Advice and Mortgage Market Update
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FREE Calculator makes most mortgage calculations a cinch. Check it out.
Bill Ladewig
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I read the FDIC post a couple of weeks ago and forwarded it to several people. It makes me want to pull out what hair I have left. Is there something more we can do to get the word out? I have to believe that if this were common knowledge public outrage would cause the Government to take action.