Bill Ladewig's AM Market Brief

Mortgage and Lending NMLS 291249

November 18, 2008, 8:30 AM PST
Fannie Mae Mortgage Backed Securities Down 0.51 Basis Points (bps)*. to  5.874%. 
*A Basis Point is 1/100 of 1.00%

Advise to Lock
Rates look like they have reached the end of a meandering down cycle and are on their way up again.

DJI Stocks UP 75.90 +0.92%
European and Asian Markets Down 0.76%

10 Year Treasury is currently 3.60%

Crude Oil Currently $55.13 per barrel. 

MORTGAGE MENTOR The ULTIMATE FHA-VA Tool   Calculates everything you need to know about FHA and VA Loans.  Qualifies Borrowers, Finds Rates,: Payments, Buyer and Seller Costs and FHA and VA Maximum Loan Amounts anywhere in the country.

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


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