Rate Lock Advice & Mortgage Market Update
Rate Lock Advice & Mortgage Market Update
January 07, 2010, 6:30 PT
RATE LOCK ADVISORY
Lock Advice: FLOAT
MBS prices are down -1/32 after dropping to -7/32 shortly after openiing when Jobless Claims came in a little lower than expected.RATE NOTES:
When MBS prices are up, Rates are down.
Lock advice changes throughout the day . Update
Good economic news = Bad Rate News.National Average Fixed Rate Mortgage
Unchanged at 5.2% on Jan.6Fannie Mae Mortgage Backed Securities
MBS Opened at 4.854% Up 0.044%.10 Year Treasury Currently 3.840% Down -0.01%
DJI Stocks closed the Wed at $10,573.68, Up 1.66, 0.02%
European and Asian Markets Down -0.3%
Nymex Crude Oil Currently $82.60 Down $0.58
- Vote on To Big To Fail. Move your money to local banks and credit unions
- Bad News! Bill Introduced in House to Increase FHA Down Payment to 5.00% from 3.50 Read Story.
- Don't Miss The Real Deal - Real Estate closings in 2010 Real Deal
- Brokers, If you value your business then watch this three minute video TBWS Video
San Diego Rates 01-06-10, 8:40 PT
30 Year Fixed to $417,000
Rate 4.750%, Point 1.375, APR 5.004%APR Based on $350,000 Loan at 80% LTV
Above Rate can be locked for 30 days.
Call for Quotes on FHA and VA loans With Detailed Good Faith Estimates.
No Application or Credit Report required
Education is Consumer's Only Real Protection.
Listed below are some educational articles.
- What You Should Know About APR
- How To Shop for Mortgage Rates.
- Beware of Misleading Lender Advertising
- Education is the best consumer protection
- Rates and Point Relationship Explained
Bill Ladewig
800.664.7283 (SAVE)
Bill Ladewig is a Mortgage Broker Licensed by the California Department of Real Estate 00968137
San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage
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