July 3 , 2009, 10:25 AM PST
US Markets Closed in observance of July 4th
National Average Fixed Rate Mortgage
Down 2 basis point at 5.33% on 07-02-09
*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities
Down 4.2 basis points to 4.968%
Lock Advice: Float with caution
Markets closed Today
DJI Stocks Closed Thursday at
8,280.74 -223.32 down -2.63%
European and Asian Markets Down 0.02%
10 Year Treasury Thursday 3.49%
Nymex Crude Oil currently $66.53 barrel, Down $0.02
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
10 Ways to Avoid A Closing Nightmare
An easy list that will make your life easier
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