Rate Lock Advice and Mortgage Market Update
November 19, 2009, 3:00 PT
RATE LOCK ADVISORY
Lock Advice: FLOAT With CAUTION
MBS prices are up +1/32.
Jobless Claims were close to expectations.
RATE NOTES:
When MBS prices are up, Rates are down.
Lock advice can change throughout the day .
Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage
Unchanged at 4.99% on Nov.19
Fannie Mae Mortgage Backed Securities
MBS Opened at 4.517% Up 0.005%.
10 Year Treasury Currently 3.340% Down -0.02%
DJI Stocks $10,332.44, Down -93.87, -0.9%
European and Asian Markets Down -1.392%
Nymex Crude Oil Currently $77.46 Down $2.12
Take 5 minutes to watch this humorous and educational video... The big bailout banks find another way to rip off the consumer... just in a nick of time for them, but not for us. See TBWS Video
Rates 11-19-09, 11:00AM PT
30 Year Fixed to $417,000
Rate 4.500% Point 0.875, APR 4.637%
APR Based on $350,000 Loan at 80% LTV
Above Rate 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
President signs the First Time Buyer Tax Credit Extension Read Story
Bill Introduced to Increase FHA Down Payment to 5.00% from 3.50 Read Story.
Rate Lock Advice and Mortgage Market Update
November 19, 2009, 11:05 PT
RATE LOCK ADVISORY
Lock Advice: FLOAT With CAUTION
MBS prices are up +1/32.
Jobless Claims were close to expectations.
RATE NOTES:
When MBS prices are up, Rates are down.
Lock advice can change throughout the day .
Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage
Unchanged at 4.99% on Nov.19
Fannie Mae Mortgage Backed Securities
MBS Opened at 4.517% Up 0.005%.
10 Year Treasury Currently 3.350% Down -0.01%
DJI Stocks $10,284.91, Down -141.4, -1.36%
European and Asian Markets Down -1.392%
Nymex Crude Oil Currently $77.35 Down $2.23
Take 5 minutes to watch this humorous and educational video... The big bailout banks find another way to rip off the consumer ... just in a nick of time for them, but not for us. See TBWS Video
Rates 11-19-09, 11:00 AM PT
30 Year Fixed to $417,000
Rate 4.500% Point 1.000, APR 4.648%
APR Based on $350,000 Loan at 80% LTV
Above Rate 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
President signs the First Time Buyer Tax Credit Extension Read Story
Bill Introduced to Increase FHA Down Payment to 5.00% from 3.50 Read Story.
Rate Lock Advice and Mortgage Market Update
November 18, 2009, 2:00 PT
RATE LOCK ADVISORY
Lock Advice: FLOAT With CAUTION
MBS prices are -2/32 slightly above 9:45 ET pricing of -3/32. MBS prices reached a low of -5/32.
CPI came in a little higher than expected, while Housing Starts fell short of the consensus.
RATE NOTES:
When MBS prices are up, Rates are down.
Lock advice can change throughout the day .
Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage
Unchanged at 4.99% on Nov.18
Fannie Mae Mortgage Backed Securities
MBS Opened at 4.512% Up 0.042%.
10 Year Treasury Currently 3.370% Up 0.04%
DJI Stocks closed $10,426.31, Down -11.11, -0.11%
European and Asian Markets Down -0.051%
Nymex Crude Oil Currently $79.65 Up $0.51
Take 5 minutes to watch this humorous and educational video... The big bailout banks find another way to rip off the consumer... just in a nick of time for them, but not for us. See TBWS Video
Rates 11-18-09, 8:30 AM PT
30 Year Fixed to $417,000
Rate 4.625% Point 0.875, APR 4.763%
APR Based on $350,000 Loan at 80% LTV
Above Rate 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
President signs the First Time Buyer Tax Credit Extension Read Story
Bill Introduced to Increase FHA Down Payment to 5.00% from 3.50 Read Story.
Rate Lock Advice and Mortgage Market Update
November 18, 2009, 11:50 PT
RATE LOCK ADVISORY
Lock Advice: FLOAT With CAUTION
MBS prices are -1/32 slightly above 9:45 ET pricing of -3/32. MBS prices reached a low of -5/32.
CPI came in a little higher than expected, while Housing Starts fell short of the consensus.
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
Unchanged at 4.99% on Nov.18
Fannie Mae Mortgage Backed Securities
MBS Opened at 4.512% Up 0.042%.
10 Year Treasury Currently 3.370% Up 0.04%
DJI Stocks $10,397.59, Down -39.83, -0.38%
European and Asian Markets Down -0.051%
Nymex Crude Oil Currently $79.59 Up $0.45
Take 5 minutes to watch this humorous and educational video... The big bailout banks find another way to rip off the consumer ... just in a nick of time for them, but not for us. See TBWS Video
Rates 11-18-09, 8:15 AM PT
30 Year Fixed to $417,000
Rate 4.625% Point 0.875, APR 4.763%
APR Based on $350,000 Loan at 80% LTV
Above Rate 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
President signs the First Time Buyer Tax Credit Extension Read Story
Bill Introduced to Increase FHA Down Payment to 5.00% from 3.50 Read Story.
Rate Lock Advice and Mortgage Market Update
November 17, 2009, 8:30 PT
RATE LOCK ADVISORY
Lock Advice: FLOAT With CAUTION
MBS are bouncing around this morning, up 2/32 and down 6/32. Currently prices are down 1/32. PPI inflation was lower than expected, but MBS prices did not improve after the data.
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 0.06% at 4.99% on Nov.16
Fannie Mae Mortgage Backed Securities
MBS Opened at 4.47% Down 0.018%.
10 Year Treasury Currently 3.340% Up 0.01%
DJI Stocks $10,378.02, Down -28.94, -0.28%
European and Asian Markets Down -0.661%
Nymex Crude Oil Currently $78.64 Down $0.26
Take 5 minutes to watch this humorous and educational video... The big bailout banks find another way to rip off the consumer
... just in a nick of time for them, but not for us. See TBWS VideoRates 11-17-09, 8:30 AM PT
30 Year Fixed to $417,000
Rate 4.625% Point 1.00, APR 4.769%
APR Based on $350,000 Loan at 80% LTV
Above Rate 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
President signs the First Time Buyer Tax Credit Extension Read Story
Bill Introduced to Increase FHA Down Payment to 5.00% from 3.50 Read Story.
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Make Experience Your Advantage. Bill has closed thousands of home loans since 1970 as a FHA and VA Specialist. Bill's mortgage classes have taught lending to hundreds of loan officers and Realtors.
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