Rate Lock Advice and Mortgage Market Update

Rate Lock Advice and Mortgage Market Update

California Rates 10-07-09, 10:00 AM PT
For 30 Year Fixed to $417,000
Rate 4.500% Point 1.000, APR 4.643%
APR Based on $350,000 Loan at 80% LTV
Above Rates 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

Lock Advice: FLOAT
MBS prices are up +4/32.
There will be a 10-yr Treasury auction at 1:00 PM ET
Bond yields are down this morning.

RATE NOTES:
When MBS prices are up, Rates are down.
Lock advice changes throughout the day .
Good economic news = Bad Rate News.

National Average Fixed Rate Mortgage
Down 0.01% at 4.99% on Oct.7

Fannie Mae Mortgage Backed Securities
MBS Opened at 4.539% Up 0.006%.

10 Year Treasury currently 3.202%

DJI Stocks $9,705.32, Down -25.93, -0.27%

European and Asian Markets Up 0.144%

Nymex Crude Oil currently $69.26 Down $1.62

No economic data will be released today

IS THE FDIC KILLING SHORT SALES To Profit Billionaire George Soros and His Merry Band of Financial Thugs? Read Story.

Bill Introduced to Extend $8,000 First Time Buyer Tax Credit Read Story.

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Click to Become A Four Minute Rate Shopping Genius.

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Misleading advertising hurts everyone
Click for Article

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FREE Calculator makes most mortgage calculations a cinch. Check it out.

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WORRIED ABOUT HVCC AND AN OUT OF TOWN APPRAISER?
If you are concerned about the value of your listing and need a local appraiser consider FHA financing where we can still control the appraiser selection.

Read recent HVCC Wall Street Journal Article

Rate Survey Where you will find the best rates

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New FHA Condo Rules have been extended to November 2, 2009 - Story

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10 Ways to Avoid A Closing Nightmare
An easy list that will make your life easier

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August 2009, Rate Lock Advice and Mortgage Market Update

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 What is APR