November 21, 2008, 9:45 AM PST
Fannie Mae Mortgage Backed Securities Down 2.2 Basis Points (bps)*. to 5.817%.
*A Basis Point is 1/100 of 1.00%
Advise to Lock
Rates have been down for the past three days and may have reversed a short upward trend. They still have not established a trend and the safe thing is to lock.
DJI Stocks Up 128.71 +1.70%
European and Asian Markets Down 1.35%
10 Year Treasury is currently 3.24%
Crude Oil Currently $49.53 per barrel.
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10 Ways to Avoid A Closing Nightmare
An easy list that will make your life easier
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