Rate Lock Advice and Mortgage Market Update

December 10, 2009, 1:30 PT

RATE LOCK ADVISORY

Lock Advice:  LOCK
MBS prices are down -6/32.
Jobless Claims came in a little higher than expected.


RATE NOTES:
When MBS prices are up, Rates are down.
Lock advice can change throughout the day .
Good economic news = Bad Rate News.

National Average Fixed Rate Mortgage
Unchanged at 4.91% on Dec.10

Fannie Mae Mortgage Backed Securities
MBS Opened at 4.577% Up 0.031%.

10 Year Treasury Currently 3.490% Up 0.04%

DJI Stocks closed today at $10,405.83,  Up 68.78, 0.67%

European and Asian Markets Up 0.475%

Nymex Crude Oil Currently $70.48 Down $0.19

 

Brokers, If you value your business then please watch this three minute video
See TBWS Video

 

Rates 12-10-09, 1:00 PT
30 Year Fixed to $417,000
Rate 4.625%, Point 1.100, APR 4.772%
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

Education is the ONLY Effective Consumer Protection

Bill Introduced to Increase FHA Down Payment to 5.00% from 3.50 Read Story.

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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2 Comments on Rate Lock Advice and Mortgage Market Update

DEC
10
2009
421,343 Points Called Shot Master

Bill once again thank you for your daily update.  I greatly appreciate it.
9:02pm • #1
DEC
11
2009
1,652,693 Points 134 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

National Average Fixed Rate Mortgage
Unchanged at 4.91% on Dec.10

We keep hearing of rates that are going to cliiiiimb.. there are some really good rates out there for those that have the credit scores.

Thank you for keeping us informed.
8:09am • #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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