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Bill Ladewig's AM Market Brief

By
Mortgage and Lending with LoanOfficerSchool.com NMLS 291249

Tuesday Sept. 30, 2006

Mortgage rates down slightly this morning.
Lock Advice:  Neutral
Rates are an area where they could go one way or the other.  If the payment works for your borrower a lock cannot be faulted
      
FNMA 30Yr Mortgage Backed Securities (MBS) are down 1.8 basis points* to 5.770%
* One Basis Point (bps) is 1/100 of a percent.

10 Year T-Bill yield is down 4 bps at 3.64%

DJI Stocks are up $231 and around the world, 57% of the other stock markets are down this morning at 7:00 AM PST

Crude Oil is down to 98.60 per barrel. 

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Market and Lending Updates

 

James G. Pycha
James Pycha (R) - REMAX KAUAI - Princeville, HI
(R), REMAX Kauai Broker

Thanks Bill. . .   good post. How hard is it to get a loan in your area? Hey, hows the market in your area. Are sellers finally getting "real?"

What kind of Buyers do you have ?? Bottom feeders?

Hang in there . . .  this is a temporary situation.

Aloha

Jim

Sep 30, 2008 03:43 AM
Bill Ladewig
LoanOfficerSchool.com - Escondido, CA
Experience Is Your Advantage

Hi Jim,

Life is good in SO CA,  Stocks are up 257 as we speak (write), I think the housing market is near bottom, there are lots of 95% conv., 97% FHA and 100% VA loans available. 

Aloha

Bill

Sep 30, 2008 03:51 AM