down payment assistance: Bill Ladewig's AM Market Brief - 08/03/09 01:37 AM
August 3 , 2009, 6:30 AM PST
National Average Fixed Rate Mortgage  Unchanged July 31 at 5.29%
Fannie Mae Mortgage Backed Securities MBS Opened Down 0.065% at 4.850%
10 Year Treasury currently 3.560% Up 0.04%  Lock Advice: LOCK Unfavorable lender repricing is a risk. MBS prices are down -16/32 (FNMA 30-yr 4.5 at 100.04), below 9:45 et pricing of -8/32. Stronger than expected ISM and Construction data pushed MBS markets lower.  MBS Price and Yield have an inverse relationship.  Lower prices mean higher yields.
DJI stocks 9,241.29, Up 69.68, 0.76%
European and Asian Markets Up 0.931%
Nymex Crude Oil currently $72.88 Up … (2 comments)

down payment assistance: Bill Ladewig's PM Market Brief - 07/30/09 08:11 AM
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.  Relief that the 7-Year Treasury auction went well helped MBS markets.
DJI stocks closed today at 9,154.46  +83.74  +0.92%
European and Asian Markets Up 1.68%
Nymex Crude Oil currently $68.90 Up $3.57
WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and need a … (1 comments)

down payment assistance: Bill Ladewig's AM Market Brief - 07/30/09 01:40 AM
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.
DJI stocks 9,141.69  +70.97  +0.78%
European and Asian Markets Up 1.17%
Nymex Crude Oil currently $67.37 Up $2.04 
WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and need a local appraiser consider FHA financing where we can still control the appraiser … (1 comments)

down payment assistance: Bill Ladewig's AM Market Brief - 07/29/09 02:05 AM
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 expected, but there was little immediate reaction.  Lock advice changes throught the day click for updates
DJI stocks 9,033.31  Down 63.41  -0.70%
European and Asian Markets Up 0.27%
Nymex Crude Oil currently $67.86 Down $0.51
WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and … (2 comments)

down payment assistance: Bill Ladewig's PM Market Brief - 07/28/09 08:24 AM
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 today lowest yield.
DJI stocks 9,096.72,Down -11.79, -0.13%
European and Asian Markets Down -0.093%
Nymex Crude Oil currently $68.85 Down $0.62
WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and need a local appraiser consider FHA financing where we can still control the appraiser … (2 comments)

down payment assistance: Bill Ladewig's AM Market Brief - 07/28/09 01:41 AM
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 ET.
DJI stocks 9,065.58, Down -42.93, -0.47%
European and Asian Markets Up 0.201%
Nymex Crude Oil currently $69.68 Up $0.22
WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and need a local appraiser consider FHA financing where we can still control the … (1 comments)

down payment assistance: Bill Ladewig's PM Market Brief - 07/27/09 08:14 AM
July 27 , 2009, 1:00 PM PST
National Average Fixed Rate Mortgage  UP 0.05% at 5.31% on Jul.27
Fannie Mae Mortgage Backed Securities Up 0.022% at 5.043%
10 Year Treasury currently 3.720% Up 0.02%  Lock Advice - FLOAT   Mortgage Backed Security prices are down -3/32 above the 9:45 et pricing level of -8/32.  MBS prices spent the entire session in negative territory ahead of this week's large Treasury auctions.
DJI stocks Closed the day at 9,108.51, Up 15.27, 0.17%
European and Asian Markets Up 0.972%
Nymex Crude Oil $69.69 Down $0.05
WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned … (0 comments)

down payment assistance: Bill Ladewig's AM Market Brief - 07/27/09 01:45 AM
July 27 , 2009, 6:30 PM PST
National Average Fixed Rate Mortgage  Unchanged at 5.26% on Jul.24
Fannie Mae Mortgage Backed Securities Up 0.022% at 5.043%
10 Yr Treasury currently 3.74% Up 0.08%     Lock Advice:  LockMBS are 5/32 lower than Friday at this time which means yields are up. It has been a volatile morning.  Watch Mortgage Updates for midday lock advice     DJI Stocks Opened 9,069.82  -23.42  -0.26%
European and Asian Markets Up 0.940%
Nymex Crude Oil currently $70.32 Up $0.58
WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and need a local appraiser consider … (1 comments)

down payment assistance: Bill Ladewig's PM Market Brief - 07/24/09 08:36 AM
July 24 , 2009, 1:30 PM PST
National Average Fixed Rate Mortgage  Unchanged at 5.26% on Jul.24
Fannie Mae Mortgage Backed Securities Up 0.147% at 5.02%
10 Yr Treasury currently 3.66% Down -0.06%     Lock Advice:  FloatBonds yields dropped a little late morning and some lenders have their reduced rates.       DJI Stocks Closed week at 9,093.24, Up 23.95, 0.26%
European and Asian Markets Up 0.359%
Nymex Crude Oil currently $69.68 Up $1.68
 
WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and need a local appraiser consider FHA financing where we can still control the … (1 comments)

down payment assistance: Bill Ladewig's AM Market Brief - 07/24/09 01:35 AM
July 24 , 2009, 6:30 AM PST
National Average Fixed Rate Mortgage  Down 0.01% at 5.26% on Jul.23
Fannie Mae Mortgage Backed Securities Up 0.147% at 5.02%
10 Yr Treasury currently 3.680% Down -0.04% 
Lock Advice:  LockMortgage Mentor Rate tracker moved up this morning
DJI Stocks 9,037.47  -31.82  -0.35%
European and Asian Markets Up 0.488%         Nymex Crude Oil currently $68.72 Up $0.72
WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and need a local appraiser consider FHA financing where we can still control the appraiser selection
Where are the best rates: Mortgage Brokers … (1 comments)

down payment assistance: Bill Ladewig's PM Market Brief - 07/23/09 09:56 AM
July 23 , 2009, 2:45 PM PST
National Average Fixed Rate Mortgage  Down 2 basis points at 5.25% on 07-23-09*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities Up 2.6 basis points to 4.873%.
Lock Advice:  LockRates increased midmorning. If you have a loan that must be locked today to not hesitate.
DJI Stocks Closed 9,069.29 +$188.03, 2.12%
European and Asian Markets Up 1.88%
10 Year Treasury  currently 3.66%
Nymex Crude Oil $68.01 a barrel up $0.75
WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and need a … (2 comments)

down payment assistance: Bill Ladewig's AM Market Brief - 07/23/09 01:46 AM
July 23 , 2009, 6:30 AM PST
National Average Fixed Rate Mortgage  Unchanged at 5.27% on 07-22-09*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities Up 2.6 basis points to 4.873%.
Lock Advice:  Float with Caution.  Getting mixed messages this morning so float with Caution and check Mortgage Market Updates below for changes.
DJI Stocks Opened 8,885.87  +4.61  +0.05%
European and Asian Markets Up 0.73%
10 Year Treasury  currently 3.54%
Nymex Crude Oil $66.50 barrel, Up $0.24
WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and need a … (0 comments)

down payment assistance: Bill Ladewig's PM Market Brief - 07/22/09 08:48 AM
July 22 , 2009, 1:45 PM PST
National Average Fixed Rate Mortgage  Unchanged at 5.27% on 07-22-09*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities Down 11.7 basis points to 4.847%.
Lock Advice:  Float MM Rate Monitor points down this morning, 10 Year bonds were up slightly and Fannie Mae MBS dropped 11.7 bps.
DJI Stocks Closed at 8,881.26  -34.68  -0.39%
European and Asian Markets Up 0.02%
10 Year Treasury  currently 3.53%
Nymex Crude Oil $66.60 barrel, Up $0.97
Where are the best rates: Mortgage Brokers or Direct Lenders?  Rate Survey
The dreaded Stealth Rate Shopper Strikes again full story  
(3 comments)

down payment assistance: Bill Ladewig's AM Market Brief - 07/22/09 01:37 AM
July 22 , 2009, 6:30 AM PST
National Average Fixed Rate Mortgage  Up 1 basis point at 5.29% on 07-20-09*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities Down 11.7 basis points to 4.847%.
Lock Advice:  Float MM Rate Monitor points down this morning, 10 Year bonds were up slightly and Fannie Mae MBS dropped 11.7 bps.
DJI Stocks Opened 8,869.84  -46.10  -0.52%
European and Asian Markets Down 0.45%
10 Year Treasury  currently 3.50%
Nymex Crude Oil $64.17 barrel, Down $1.44
Where are the best rates: Mortgage Brokers or Direct Lenders?  Rate Survey
The dreaded Stealth Rate Shopper Strikes … (1 comments)

down payment assistance: Bill Ladewig's PM Market Brief - 07/21/09 10:01 AM
July 21 , 2009, 2:30 AM PST
National Average Fixed Rate Mortgage  Up 1 basis point at 5.29% on 07-20-09*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities Down 6.6 basis points to 4.965%.
Lock Advice:  Float with cautionMortgage rates are down this morning.  10 Year Bonds dropped 15 basis points after being up 5 bps early this morning.
DJI Stocks Closed 8,915.94  +67.79  +0.77%
European and Asian Markets Up 0.73%
10 Year Treasury  currently 3.48%
Nymex Crude Oil $64.94 barrel, Down $0.35
Are the best rates supplied by Direct Lenders?  Rate Survey
Your Stealth Rate Shopper Strikes … (1 comments)

down payment assistance: Bill Ladewig's AM Market Brief - 07/21/09 01:37 AM
July 21 , 2009, 6:30 AM PST
National Average Fixed Rate Mortgage  Up 1 basis point at 5.29% on 07-20-09*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities Down 6.6 basis points to 4.965%.
Lock Advice:  LockMM rate direction indicator continued point north early this morning and 10 yr bonds are also up 5 basis points.
DJI Stocks Opened 8,914.36  +66.21  +0.75%
European and Asian Markets Up 1.09%
10 Year Treasury  currently 3.66% up 5 basis points
Nymex Crude Oil $64.95 barrel, Up $0.97
Are the best rates supplied by Direct Lenders?  Rate Survey
Your Stealth Rate Shopper … (1 comments)

down payment assistance: Bill Ladewig's PM Market Brief - 07/20/09 09:07 AM
July 20 , 2009, 2:00 PM PST
National Average Fixed Rate Mortgage  Up 1 basis point at 5.29% on 07-20-09*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities Up 7.2 basis points to 5.031%.
Lock Advice:  FloatMM rate direction indicator moved 6.9 points  north early this morning but  mid morning bond yields dropped causing several lenders to improve rates.
DJI Stocks 8,848.15  +104.21  +1.19%
European and Asian Markets Up 1.39%
10 Year Treasury  currently 3.61%
Nymex Crude Oil $64.35 barrel, Up $0.79
Are the best rates supplied by Direct Lenders?  Rate Survey
Your Stealth Rate Shopper Strikes again full … (2 comments)

down payment assistance: Bill Ladewig's AM Market Brief - 07/20/09 01:40 AM
July 20 , 2009, 6:30 AM PST
National Average Fixed Rate Mortgage  Up 1 basis point at 5.28% on 07-17-09*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities Up 7.2 basis points to 5.031%.
Lock Advice:  LockMM rate direction indicator moved 6.9 points  north this morning.
DJI Stocks Opened 8,794.87  +50.93  +0.58%
European and Asian Markets Up 1.49%
10 Year Treasury  currently 3.68% up 3 bps
Nymex Crude Oil $64.20 barrel, Up $0.64
Are the best rates supplied by Direct Lenders?  Rate Survey
Your Stealth Rate Shopper Strikes again full story  
See inter-day Rate and market updates on Twitter
(1 comments)

down payment assistance: Bill Ladewig's PM Market Brief - 07/17/09 08:21 AM
July 17 , 2009, 1:00 PM PST
National Average Fixed Rate Mortgage  Up 1 basis point at 5.28% on 07-17-09*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities Down 6.6 basis points to 4.958%.
Lock Advice:  LockMM rate direction indicator still points north.DJI Stocks rose 384 in the past three days.  Typically, when stocks rise so do rates. 
DJI Stocks Closed today at 8,743.94  +32.12  +0.37%
European and Asian Markets Up 0.96%
10 Year Treasury closed today at 3.65% up 6 bps
Nymex Crude Oil $63.41 barrel, Up $1.39
See inter-day Rate and market updates on Twitter
(1 comments)

down payment assistance: Bill Ladewig's AM Market Brief - 07/17/09 01:47 AM
July 17 , 2009, 6:30 AM PST
National Average Fixed Rate Mortgage  Up 1 basis point at 5.27% on 07-16-09*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities Down 6.6 basis points to 4.958%.
Lock Advice:  LockMM rate direction indicator moved up 4.0 bps.
DJI Stocks Opened 8,690.81  +74.60  +0.87%
European and Asian Markets Up 0.89%
10 Year Treasury currently 3.50%
Nymex Crude Oil $61.32 barrel, Down $0.70
See inter-day Rate and market updates on Twitter
06-16-09: Initial jobless claims fell 47,000 to 522,000 last week.Initial claims for jobless benefits dropped by 47,000 to 522,000 in the … (1 comments)

 
Bill Ladewig, Experience Is Your Advantage (LoanOfficerSchool.com)

Bill Ladewig

Experience Is Your Advantage

Escondido, CA

More about me…

LoanOfficerSchool.com

Address: San Diego, Escondido, Vista, San Marcos, Oceanside, Rancho Bernardo, Poway, Scripps Ranch, Penasquitos, Shadowridge, Rancho Del Oro, Escondido, CA, 92025

Office: (866) 204-9733

Mobile: (760) 685-0480

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