What did mortgage rates do today. DAILY MORTGAGE interest RATE LOCK ADVICE Mortgage Rate Trends Lock periods Mortgage Interest Rate Lock Advisory and Mortgage Interest Rates
This page was Updated March  26, 2015,  12:45 PM Pacific
Lock Advice is Updated Several Times Daily

    1-3 Day Close:     LOCK 
    4-15 Day Close:   FLOAT With Caution
    16-30 Day Close: FLOAT With Caution

  • Freddie Mac  Average:30-Yr FRM, on: 3-19-15: 3.69% - Down 0.09 Point
  • Rate Price Based on 3% MBS  - Currently,  Up 0.41 Point.
  • DJI Stocks - Currently,  $17,689.21, Down ($29.33)
  • Asian & European Stock Market Indexes Down -1.002%
  • Crude Oil (WTI) - Currently,  $51.34, Up $2.22
  • Gold 1 Ounce - Currently, $120.60, Up $5.30

National Association of
Mortgage Brokers

NAR Pending Home Sales Index Jumps in May
99.50% Financing Is Available to Purchase Your Home.
Low rate, 99.50% home financing is available for California home buyers.  Email for details
You Don't Need That Much of a Down Payment
Daily Real Estate News |
Many consumers are overestimating  the down payment they need in order to purchase a home, according to Christina Boyle, vice president and head of single-family sales at Freddie Mac.

Consumers believe they need 11 percent to 15 percent in order for lenders to approve them for a loan, according to a survey of renters and non-home-owners conducted by Zelman & Associates in New York. Thirty-nine percent say they need at least 15 percent of the purchase price in order to qualify for financing. Only 28 percent of respondents say they would even qualify for a mortgage >>Read More Realtor Mag

Since 1970
Bill Ladewig
Your Advantage
My Experience

NML 291249
BRE 00968137

More Groups Urge FHA To Lower Premiums

Daily Real Estate News - A group of 18 senators, along with the nation's bankers and trade organizations — including the National Association of REALTORS® — are calling on the Federal Housing Administration to lower its insurance premiums.

In the latest letter to FHA and the U.S. Department of Housing and Urban Development, leaders from the Community Home Loan Association said that FHA-insured mortgages are too high and are making FHA loans less affordable for lower and middle-income home buyers.

Since 2010, FHA has raised its annual premium 145 percent, which means a borrower with a $200,000 loan must be able to pay $1,600 more per year in fees.

The letters were issued after a recent report showed that the FHA has made progress in shoring up its finances. After two years of posting steep losses, the government insurer of home loans has seen its insurance fund climb to a profit, and the agency will no longer require emergency bailout money from the government. However, the agency says it has no plans to lower the cost of its loans

Stronger Economic Fundamentals Expected to Drive Increases in Home Sales, Housing Starts in 2015
  • 10:15AM Look for late morning rate price increases
  • Initial Weekly Jobless Claims: 282K vs est of 290K very close to consensus estimates and not a driving force in rates in early bond trading.
  • February New Home Sales finally broke above 500K with a reading of 539K vs market expectations of 470K a tad negative for pricing.
  • February Consumer Price Index and Core CPI were basically inline with market expectations but this is the first sign of inflation since October. Not postive for rates but should not cause a MBS sell off.
  • FHFA House Price Index Up 0.3 Percent in January