June 25 , 2009, 6:30 AM ST
National Average Fixed Rate Mortgage
Down 1 basis point to 5.46% on 06-24-09
*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities (MBS) Down 0.5 basis points to 5.106%
Lock Advice: Lock
It looks like the downward momentum has dried up and it is time to lock. This morning the MM rate indicator is Up 0.8 basis points and 10 year bonds were Up 3 bps up from close of business Wednesday.
DJI Stocks Opened 8,299.25 -0.61 -0.01%
European and Asian Markets Down 0.76%
10 Year Treasury currently 3.67% Up .05%
Nymex Crude Oil $69.01 barrel, Up $0.34
Are the best rates supplied by Direct Lenders? Rate Survey
Your Stealth Rate Shopper Strikes again full story
Click for current Lending news and information
$8,000 Tax Credit Advance was approved (05-29-09) by FHA Click for FHA bulletin
Fannie MBS Issuance Hits Highest Mark Since 2003
Benefiting from historically low interest rates and a refinancing boom, Fannie Mae issued $87.8 billion in mortgage-backed securities in March, nearly doubling the previous month's volume.
1st Quarter Residential Loan Originations Jump 36%
Thanks to interest rates that were at or near historical lows, residential mortgage lenders saw their loan production jump by 36% in the first quarter, according to preliminary survey figures compiled by National Mortgage News and the Quarterly Data Report.
How To Apply For $8,000 First Time Buyer Tax Credit
Up to a $8000 Tax Credit is available from IRS
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