PM Rate Lock Advice and Mortgage Market UpdateYour FHA Guru Financials

Rates 10-13-09, 11:50 AM PT 
30 Year Fixed to $417,000
Rate 4.625%  Point 1.000,  APR 4.772%
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

RATE LOCK ADVISORY

October 13, 2009, 11:20 AM ET

Lock Advice:  FLOAT
MBS prices are up +11/32.  The latest comments from Fed officials suggested that rate hikes are still a long way off, which helped MBS markets.  No economic data will be released today.

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 0.01% at 5% on Oct.13

Fannie Mae Mortgage Backed Securities
MBS Opened at 4.663% Up 0.127%.

10 Year Treasury currently 3.310% Down -0.09%

DJI Stocks $9,856.17,  Down -29.63, -0.3%

European and Asian Markets Down -0.538%

Nymex Crude Oil currently $73.96 Up $0.69


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

Your FHA Guru

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


October 2009, Rate Lock Advice and Mortgage Market Update


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FREE Calculator makes most mortgage calculations a cinch. Check it out.

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

 
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1 Comments on Rate Lock Advice and Mortgage Market Update

OCT
13
2009
421,343 Points Called Shot Master

Bill once again thank you so much for the daily update.  It's greatly appreaciated.
5:44pm • #1


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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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