Bill Ladewig's PM Market Brief

Mortgage and Lending NMLS 291249

Becember 29, 2008, 3:00 PM PST
Fannie Mae Mortgage Backed Securities (MBS) Down 6.10 basis points (bps) to 4.4701%
FHA Wholesale Rates were Down 20.2 bps from 5.252 on Friday to 5.050%
*A Basis Point (bps) is 1/100 of 1.00%

Mortgage Backed Securities remain in historically oversold territory placing the odds of rates continuing in an upward direction for the week at 80%

DJI Stocks Down 31.62 -0.37%
European and Asian Markets Up 0.61%

10 Year Treasury is currently 2.10% Down from 2.17% Friday

Crude Oil Currently $40.02 per barrel.

Click here for the ULTIMATE FHA-VA Loan Officer Trainer and Pre-Qualifier   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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