DAILY MORTGAGE INTEREST RATE LOCK ADVISORY
September 9, 2011,  6:50 AM PST
Lock Advice is Updated Several Times Daily

Mortgage Interest Rate lock Advice for locks within 1 day:  FLOAT
Mortgage Points based on 3.5% Mortgage Backed Securities closed down 0.11 point

30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT
Due to US and world financial market uncertainty be very cautious.  This rate market could run away from you in a heartbeat so the best bet is to lock historically low rates whenever there is a downward move.

MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 4.12%
MBS (FNMA 30-year 3.5) - 101.81, High: 101.81, Low: 101.34   
DJI Stocks currently $11,116.75,  Down $-179.06, Change -1.59%   
Asian & European Stock Market Indexes Down -1.318%   
Nymex Crude Oil Currently $86.97 Down $2.08     

MORTGAGE NEWS BRIEFS

Millions in Mortgage Fraud, Untold Ruin for Victims
By Ryan Schuette
Mortgage fraud cases showed few signs of slowing from last week, with defendants either receiving their sentences or pleading guilty in Alabama, California, Minnesota, and New Jersey. The defendants allegedly scammed lenders and homeowners out of tens of millions of dollars overall. Notably, a judge granted the request of a prosecutor to stay judgment for one alleged scammer in favor of a psychiatric evaluation. An array of newspapers, plus a federal agency, contributed to the roundup.
Read More MReport

Education is Consumer's Only Real Protection. 

Your FHA GuruBill Ladewig

800.664.7283 (SAVE)

Bill@YourFhaGuru.com

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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

 
This post has been included in California Real Estate News
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2 Comments on DAILY MORTGAGE INTEREST RATE LOCK ADVICE

SEP
09
2011
354,662 Points 19 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Bill-Thanks for the group of educational posts you highlighted. Nothing beats education, information, and a honest lender for getting the best deal possible.
10:06am • #1
489,938 Points 7 Featured Posts Outside Blog

Thanks Wayne, Information is essential, using it wisely makes you a king.
11:30am • #2


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Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970

Escondido, CA

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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

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