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Bill Ladewig's PM Market Brief
April 13, 2009, 1:05 PM PST
National Average Fixed Rate Mortgage  Unchanged at 4.93% on 04-13-09*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities(MBS) Up 2.2 basis points to 4.385%
Lock Advice: Float with caution.  The Mortgage Mentor rate indicator shows rates in a neutral zone but the momentum remains up.
DJI Stocks Closed 8,057.81  -25.57 -0.32%
European and Asian Markets Up 2.04%
10 Year Treasury currently 2.84%
NY Crude Oil $ 50.15 per barrel, Down 2.09% 

Home Sales Improved Unexpectedly
FHA Cash Out Refinances Limited to 85%
2009 Conforming Loan Limits increased by American Recovery and Reinvestment Act to $729,750 in high cost counties
How To Apply For $8,000 First Time Buyer Tax CreditUp to a $8000 Tax Credit is available from IRS
10 Ways to Avoid A Closing NightmareAn easy list that will make your life easier
 
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