Ladewig AM Market Brief

Treasury yields are lower for a third day, after the Commerce Department said home builders broke ground on fewer homes in July and wholesale prices jumped more than economists expected

• FNMA 30 yr Mortgage Backed Securities DOWN 1.9 basis points* to 6.266%
• 10 Year Treasuries unchanged at 3.81%
• DJI Stocks are down 121 in early trading.
• Crude Oil down to 112.57 a barrel.

Links to additional industry news.

• Reverse Mortgage Broker Fee in Dispute
• 2008 Housing Bill eliminates 25% Fee to Brokers Not approved by FHA
• 10 Ways to Avoid A Closing Nightmare
• An easy list that will make your life easier
• DPA May Not Be Dead!
• New Bipartisan Legislation Introduced
• $7,500 First Time Buyer Tax Credit
• Up to $7,500 can be borrowed from IRS

*A Basis Point is 1/100 of a percent.