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Bill Ladewig's AM Market Brief

By
Mortgage and Lending with LoanOfficerSchool.com NMLS 291249

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

Comments (1)

Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Thanks Bill for your updates!  Enjoy the 4th!

Jul 04, 2009 02:34 AM