Rate Lock Advice and Mortgage Market Update
September 11 , 2009, 10:00 AM PT
Lock Advice: FLOAT
MBS prices Up 8/32. Consumer Sentiment will be released at 10:00 AM ET.
RATE NOTES:
When MBS prices are up, Rates are down.
Lock advice changes throughout the day .
Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage
Unchanged at 5.1% on Sep.11
Fannie Mae Mortgage Backed Securities
MBS Opened at 4.692% Down 0.078%.
10 Year Treasury currently 3.290% Down -0.07%
DJI Stocks $9,592.26, Down -35.22, -0.37%
European and Asian Markets Up 0.496%
Nymex Crude Oil currently $67.12 Down $2.79
This morning, August Import Prices ex-oil rose 0.4%. Consumer Sentiment will be released at 10:00 AM ET
Taylor Bean Whitaker mortgage update - Where to send payments formally sent to bankrupt lender
WORRIED ABOUT HVCC AND 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.
Read recent HVCC Wall Street Journal Article
Where are the best rates: Mortgage Brokers or Direct Lenders? Rate Survey
The dreaded Stealth Rate Shopper Strikes Ditech full story
Click for inter-day Rate Lock and Market updates
Click for current Lending news and information
Time is running out, don't let your buyers delay, the $8,000 Tax Credit is expiring on December 1, 2009.
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
Your Fha Guru
Bill Ladewig
800.664.SAVE (7283)
Bill@yourfhaguru.com
The Mortgage Markets and Rate Lock Advisory is updated several times a day and is available at http://www.yourfhaguru.com
August 2009, Rate Lock Advice and Mortgage Market Update
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