March 11, 2009, 9:00 AM PST

National Average Fixed Rate Mortgage 
Up 1.0 basis point  at 5.16% on 03-10-09

Fannie Mae Mortgage Backed Securities (MBS) Up 4.6 basis points to 4.701%
*A Basis Point (bps) is 1/100 of 1.00%

Lock Advice: Float with Caution
The Mortgage Mentor rate indicator has returned to the neutral zone.   The momentum is down.

DJI Stocks 6,943.78 Up 17.29, +0.25%

European and Asian Markets Up 0.98%

10 Year Treasury currently 3.02%

Crude Oil $45.22 per barrel, Down 1.07%

2009 Conforming Loan Limits increased by American Recovery and Reinvestment Act to $729,750 in high cost counties

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 $8,000 First Time Buyer Tax Credit
Up to $8000 can be borrowed from IRS

10 Ways to Avoid A Closing Nightmare
An easy list that will make your life easier

 

Education is Consumer's Only Real Protection. 

Your FHA GuruBill Ladewig

800.664.7283 (SAVE)

Bill@YourFhaGuru.com

Website

 

 

 

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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1 Comments on Bill Ladewig's AM Market Brief

MAR
11
2009
466,662 Points 2 Featured Posts

Very succinct. And while the $7500 applies if you settle before filing this year. What about the $8000 ?
12:49pm • #1


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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

Office Phone: (866) 204-9733

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