Get free, instant home valuations

Address (optional) City, State OR ZIP

Mortgage Backed Securities

             Date                  Yield            Change

7/2/20094.968-0.042

7/6/20094.932-0.035

7/7/20094.960 0.028

7/8/20094.879-0.081

7/9/20094.797-0.082

5 Day MBS Market Watch

July 9 , 2009, 1:00 AM PST

Twitter Rate and Lock Updates

National Average Fixed Rate Mortgage 

Down 2 basis point to 5.31% on 07-09-09

*A Basis Point (bps) is 1/100 of 1.00%

Fannie Mae Mortgage Backed Securities

Down 8.2 basis points to 4.797%.

Lock Advice: Float with Caution

If you have loans that need locking today do not hesitate, several lenders posted mid morning increases.

DJI Stocks Closed today at:

8,183.17  Up +4.76  +0.06%

European and Asian Markets Up 0.45%

10 Year Treasury currently 3.39%

Nymex Crude Oil $60.35 barrel, Up $0.21

Market Brief

• Home
  

• 3-n-1 Loan
  

• About Bill
  

• Buy and Bail
  

• Calculators
  

• CalHFA
  

• Classes
  

• Contact Us
  

• FHA 90 Day Flip Rule
  

• FNMA LTV Limits
  

• GOOD NEWS Dep
  

• Lender Types
  

• Loan Info
  

• Links
  

• Rate Survey
  

• Rate & Point Explanation
  

• Reverse Mortgages
  

• Stealth Shopper
  

• Tax Credit
  

Who Has the Lowest Rates,

Direct Lenders or Brokers?

See Survey

The Stealth Rate Shopper

Strikes Again

Full Story

Mortgage Rates Lower As Markets Show Signs of Correction

Full Story

Home Sales Going Up, but Prices Should Continue to Drop

Full Story

FHA Approved Advance on 1st Time Buyer Tax Credit

May 29, 2009:  FHA re-released Mortgagee Letter 2009-15 that allows the buyer to obtain up to a $8,000 bridge loan for closing costs that will be repaid when they receive their tax refund after filing their 2009 tax return.

Mortgagee Letter 2009-15

$8,000 Tax Credit for

First Time Buyers

A Tale of Two Markets:

Red Hot for First-Timers, But  HENRYs Are in Trouble

HENRYs

(High-Earning But Not Yet Rich).

Article

FHA Insures $144B Loans in First Half FY 2009

May 15, 2009: The Federal Housing Administration has endorsed $143.9 billion in single-family loans in the first six months of fiscal year 2009, up 169% from the same period in FY 2008. The Department of Housing and Urban Development expects FHA endorsements will total $290 billion when the 2009 fiscal year ends on September 30.

1st Quarter Residential 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.

Avoid Closing Nightmares

YourFhaGuru.com

Five Day Market Watch

Your Advantage Is

My Experience

Call Bill Ladewig

866.204.9733

Closing Home Loans Since 1970..