Ladewig's AM Market Brief

Real Estate Agent with Coldwell Banker Brown Realtors

Original content by Bill Ladewig NMLS 291249
  • Monday, Sept. 22, 2008

    Mortgage rates are Up this morning.
    ADVICE:  Lock for short term closings
    Market looks like we have about a week of higher rates.  The question for long term locks... if you don't lock, will rates return to current prices before time to close?
    FNMA 30Yr Mortgage Backed Securities (MBS) up 4 basis points* to 5.738%.
    * One Basis Point (bps) is 1/100 of a percent.

    10 Year T-Bill yield up 8 bps  to 3.88%

    DJI Stocks are Down $133 at 8:30 AM PST
    58% of the World markets are down 5:45 AM.

    Crude Oil currently Up to $106.41 per barrel.

  • FHA-VA Qualifier and Rate Finder
  • Reverse Mortgage Broker Fee in Dispute
  • 10 Ways to Avoid A Closing Nightmare
  • How to Apply for $7,500 First Time Buyer Tax Credit

Market and Lending updates:

Comments (1)

Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in 2016!

    Much has changed since your last visit to ActiveRain.  I encourage you to take another look at the website. 

    Surf some blogs, leave some comments.  Better yet, post a Blog.

    Best to you!

Mar 11, 2016 11:57 AM