December 30, 2008, 1:15 PM PST
Fannie Mae Mortgage Backed Securities (MBS) Up 2.0 basis points (bps) to 4.490%
Monday 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%

LOCK
Mortgage Backed Securities are approaching a nuetral zone where the odds are about equal they could continue either up or down.  My advice is to lock for the short term.

DJI Stocks Closed Up 184.46 +2.17%
European and Asian Markets Up 1.37%

10 Year Treasury is currently 2.08% down from 2.10 on Monday

Crude Oil Currently $39.22 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

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

NMLS #291249

 

 

 

 

San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage Ultimate Mortgage Calculator

 
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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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