November 6, 2008, 8:00 AM PST
Mortgage Rates Down Today
Mortgaged Backed Securities (MBS) Down  18.5 Basis Points (bps)*. to 5.85%. 
*A Basis Point is 1/100 of 1.00%
Advise to Lock
Rates just entered a neutral zone where they could go one way or the other.  The safe move is to lock.

DJI stocks Down 230.42 -2.52%
European and Asian Markets Down 5.65%

10 Year Treasury currently 3.73%

Crude Oil Down $62.88 per barrel.

ULTIMATE FHA-VA CALCULATOR  Calculates everything you need to know about FHA and VA Loans.
Finds Rates,: Payments, Buyer and Seller Costs and Maximum Loan Amounts

FHA Introduced HOPE For Homeowners
Program details  for homeowners in trouble

100% Financing at 5.50%
Through CalHFA Community Stabilization on Selected homes throughout California.
Click for list of homes and program information

How To Apply For $7,500 First Time Buyer Tax Credit
Up to $7,500 can be borrowed from IRS

10 Ways to Avoid A Closing Nightmare
An easy list that will make your life easier

Current Market and Lending Updates

 

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

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2 Comments on Bill Ladewig's AM Market Brief

NOV
06
2008
953,452 Points 93 Featured Posts Outside Blog Called Shot Master

Thanks for the update.  I do believe rates can go either way...it is smart to lock right now.
11:26am • #1
490,367 Points 7 Featured Posts Outside Blog

Hi Jim, "When in doubt lock" was the best advice I was given many years ago.
11:33am • #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

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