December 31, 2008, 2:15 PM PST
Fannie Mae Mortgage Backed Securities (MBS) Down 20.0 basis points (bps) to 4.280%
FHA Wholesale Rates are Down 24.2 bps to 5.088%
*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 108.00 +1.25%
European and Asian Markets Up 1.24%
10 Year Treasury is currently 2.21% up from 2.10 on Tuesday
Crude Oil Currently $42.70 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
Comments(2)