Rate Lock Advice & Mortgage Market Update

January 20, 2010, 8:30 PT

RATE LOCK ADVISORY

Lock Advice:  FLOAT
MBS prices are up +9/32. Rates are improving this AM, I suggest that new locks be held until this afternoon.  The PPI inflation data was mixed, while Housing Starts were lower than expected.

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 5.15% on Jan.19

Fannie Mae Mortgage Backed Securities
MBS Opened at 4.796% Down 0.069%.

10 Year Treasury Currently 3.730% Up 0.03%

DJI Stocks $10,534.91,  Down -190.52, -1.78%

European and Asian Markets Down -1.716%

Nymex Crude Oil Currently $77.09 Down $1.93

California Rates 01-20-10, 8:00 PT
30 Year Fixed to $417,000
Rate 4.75%, Point 1.000, APR 5.006%

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

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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3 Comments on Rate Lock Advice & Mortgage Market Update

JAN
20
2010
817,777 Points Outside Blog Called Shot Master

Thanks for the information. We learn a lot of good information for ourselves and clients from Active Rain. Best Regards,
8:15am • #1
197,442 Points

Bill -

Thanks for the update.  Great information.

 

-Phil Graves-

utahbuyeragent.com
8:43am • #2
952,988 Points 93 Featured Posts Outside Blog Called Shot Master

Bill thank you very much for the update.  Best wishes and have a great day.
8:48am • #3


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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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