DAILY MORTGAGE INTEREST RATE LOCK ADVISORY 

September 12, 2011, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  

 

Mortgage Interest Rate lock Advice for locks within 1 day:  LOCK
Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.13 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%  A Hundred Year Low
MBS (Security) - Last Sale, High: High, Low: Low   
DJI Stocks currently $10,872.82,  Down $-119.31, Change -1.09%   
Asian & European Stock Market Indexes Down -3.323%   
Nymex Crude Oil Currently $86.94 Down $0.30 

 

MORTGAGE NEWS BRIEFS

FRIDAY MORTGAGE RATES CLOSED AT THEIR LOWEST RATE IN OVER 100 YEARS!!

 

This Week; the 10 yr note and mortgages will start at historic 60 yr lows; the equity market is likely to continue its volatility with the indexes declining through the week. Obama's jobs plan apparently hasn't gotten any traction with investors, since his speech the indexes were hit hard Friday. Most of this week's economic data comes at the later part of the week. In the meantime Treasury will auction $66B of notes and bonds Monday thru Wednesda  David Shirmeryer - Rate Alert

 

Stocks plunge Friday as worries about Europe intensify
By Daniel Wagner
The problems that weighed down stocks all summer show no sign of letting up.
U.S. stocks plunged Friday, erasing the week's gains, amid rising fears about fallout from Europe's debt crisis. Seeking safer investments, investors sent the yield on the 10-year Treasury note to the lowest level in five decades.  Read More at Investors Business Daily 

 

If you want to cure our sick government consider Publicially funded elections.  The documentary "Inside Job"  clearly illustrate who is currently running our government.  Also go to Americans for Campaign Reform

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

 

 

 

 

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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

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