March 2, 2009, 10:12 AM PST
Fannie Mae Mortgage Backed Securities (MBS) Up 4.3 basis points (bps) to 4.802%
*A Basis Point (bps) is 1/100 of 1.00%
National Average Fixed Rate Mortgage
Up 1 basis points at 5.15% on 02-27-09
Lock Advice: Float with Caution
The Mortgage Mentor rate indicator has been hovering in the nuetral zone for the past week where rates could begin a trend either up or down.
DJI Stocks: 6,825.10 Down 237.83 -3.37%
European and Asian Markets Down 4.57%
10 Year Treasury currently 2.90%
Crude Oil $40.37 per barrel, Down 9.81%
Class: VA and Rural Development Loans- Everything you need to know Register Here
Fannie Mae Now Allows up to 10 income properties
New Hope For Down Payment Assistance.A bill to reinstate reformed downpayment assistance was introduced by Congressman Al Green (TX) with bipartisan support and it will have the same language as unanimously passed last year by the House Financial Services Committee.
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
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