Rate Lock Advice & Mortgage Market Update
January 19, 2010, 6:45 PT
RATE LOCK ADVISORY
Lock Advice: FLOAT
MBS prices are down -3/32.
No economic data will be released today.
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
Down 0.01% at 5.15% on Jan.18
Fannie Mae Mortgage Backed Securities
MBS Opened at 4.796% Down 0.066%.
10 Year Treasury Currently 3.70% Down -0.06%
DJI Stocks $10,663.61, Up 53.96, 0.51%
European and Asian Markets Down -0.177%
Nymex Crude Oil Currently $77.42 Down $0.58
Free Webinar: Understanding the 2010 Good Faith Estimate.
Bringing sense to the the most misconceived, misunderstood disclosure ever.
Tuesday, January 19, 10AM to 11AM PT
- The TBWS boys assure us that our government is here to help. Friday news and humor
- Vote on To Big To Fail. Move your money to local banks and credit unions
- Bad News! Bill Introduced in House to Increase FHA Down Payment to 5.00% from 3.50 Read Story.
California Rates 01-15-10, 8:30 PT
30 Year Fixed to $417,000
Rate 4.75%, Point 1.125, APR 4.970%
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 Cost Estimates.
No Application or Credit Report required