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Mortgage and Lending - LoanOfficerSchool.com - NMLS 291249

ARCHIVED BLOG POSTS

2009 

July 31 , 2009, 1:00 PM PST National Average Fixed Rate Mortgage  Unchanged today at 5.29% Fannie Mae Mortgage Backed Securities MBS Opened Down 0.066% at 4.915% 10 Year Treasury currently 3.480% Down -0.19%  Lock Advice: FLOAT. MBS yields were down today. GDP fell -1.0%, compared to a consensus ...
07/31/2009
July 31 , 2009, 6:30 AM PST National Average Fixed Rate Mortgage  Unchanged today at 5.29% Fannie Mae Mortgage Backed Securities MBS Down 0.066% at 4.915% 10 Year Treasury currently 3.580% Down -0.05%  Lock Advice: FLOAT. MBS prices yield are down this morning. GDP fell -1.0%, compared to a conse...
07/31/2009
$8,000 First TimeHome Buyers Tax Credit Time is running out the $8,000 tax credit ends December 1, 2009. .The $8,000 First time Home Buyer tax credit is available to first time homebuyers who purchase a home before December 1 of this year. Homebuyers can claim the credit on their 2009 tax return...
07/30/2009
July 30 , 2009, 1:00 PM PST National Average Fixed Rate Mortgage  Unchanged today at 5.29% Fannie Mae Mortgage Backed Securities MBS Up 0.026% at 4.982% 10 Year Treasury currently 3.640% Down -0.05%  Lock Advice: FLOAT. MBS were up and down today with a 12/32 price swing, ending on the upside.  R...
07/30/2009
July 30 , 2009, 6:30 AM PST National Average Fixed Rate Mortgage  Up 0.01% at 5.29% on July.29 Fannie Mae Mortgage Backed Securities Up 0.026% at 4.982% 10 Year Treasury currently 3.680% Down -0.01%  Lock Advice - FLOAT  MBS yields are only slightly down and jobless Claims came in right on target...
07/30/2009
Risk Based FHA UFMIP In 2008, FHA decided to change UFMIP from a fixed amount to a variable risked based UFMIP, an amount that would vary depending on the loan-to-value and credit score of the borrower.  Then, before risked based UFMIP was put into effect Housing Bill HR 3221 placed a moratorium ...
07/29/2009
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FHA Mortgage UFMIP FHA charges two types of Mortgage Insurance Premiums; Up Front Mortgage Insurance (UFMIP) and Monthly Insurance (MIP).  The borrower pays each and it protects the lender in the event of default. UFMIP is a one time charge that is typically added to the base mortgage loan and fi...
07/29/2009
July 29 , 2009, 7:00 AM PST National Average Fixed Rate Mortgage  Unchanged at 5.29% on July.28 Fannie Mae Mortgage Backed Securities Down 0.083% at 4.955% 10 Year Treasury currently 3.690% Down -0.06%  Lock Advice - FLOAT  MBS yields are down this morning. Durable Orders came in weaker than expe...
07/29/2009
July 28 , 2009, 1:00 PM PST National Average Fixed Rate Mortgage  Unchanged at 5.29% on July.28 Fannie Mae Mortgage Backed Securities Down 0.024% at 5.018% 10 Year Treasury currently 3.690% Down -0.06%  Lock Advice - LOCK   Fannie Mae MBS yields closed lower than today's market opening but above ...
07/28/2009
July 28 , 2009, 6:30 AM PST National Average Fixed Rate Mortgage  UP 0.03% at 5.29% on Jul.27 Fannie Mae Mortgage Backed Securities Down 0.024% at 5.018% 10 Year Treasury currently 3.720% Up 0.02%  Lock Advice - FLOAT   MBS yields are down 0.024%. Consumer Confidence will be released at 10:00 AM ...
07/28/2009
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Bill Ladewig

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