Rate Lock Advice and Mortgage Market Update
November 4, 2009, 1:15 PT
RATE LOCK ADVISORY
Lock Advice: FLOAT
As expected, the Fed made no change in the fed funds rate. There was also no change in the language indicating when the Fed would begin to raise rates. MBS prices closed down -2/32, above 9:45 ET pricing of -5/32.
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
Unchanged at 5.08% on Nov.4
Fannie Mae Mortgage Backed Securities
MBS Opened at 4.743% Up 0.044%.
10 Year Treasury Currently 3.520% Up 0.02%
DJI Stocks closed the day at $9,802.14, Up 30.23, 0.31%
European and Asian Markets Up 1.483%
Nymex Crude Oil Currently $80.14 Up $0.54
Rates 11-04-09, 8:15 AM PT
30 Year Fixed to $417,000
Rate 4.875% Point 0.75, APR 5.001%
APR Based on $350,000 Loan at 80% LTV
Above Rate 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 Survey Discover where you will find the best rates
Education is the Only Effective Consumer Protection
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
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
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 What is APR
November 4, 2009, 8:44 PT
RATE LOCK ADVISORY
Lock Advice: LOCK
MBS prices are down -6/32. ISM Services will be released at 10:00 et.
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
Unchanged at 5.08% on Nov.3
Fannie Mae Mortgage Backed Securities
MBS Opened at 4.743% Up 0.044%.
10 Year Treasury currently 3.50% Down 0%
DJI Stocks $9,889.50, Up 117.59, 1.2%
European and Asian Markets Up 1.479%
Nymex Crude Oil currently $80.44 Up $0.84
Comments(1)