Rate Lock Advice and Mortgage Market Update
December 4, 2009, 11:45 PT
RATE LOCK ADVISORY
Lock Advice: LOCK
MBS prices are down -17/32. After the Employment data came in stronger than expected. The economy lost just -11K jobs in November, and the Unemployment Rate fell to 10.0% from 10.2%.
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 4.87% on Dec.3
Fannie Mae Mortgage Backed Securities
MBS Opened at 4.544% Up 0.06%.
10 Year Treasury Currently 3.470% Up 0.08%
DJI Stocks $10,361.92, Down -4.23, -0.04%
European and Asian Markets Up 0.654%
Nymex Crude Oil Currently $75.40 Down $1.06
If you value your business then please watch this three minute video
See TBWS Video
30 Year Fixed to $417,000
Rate 4.75% Point 0.875, APR 4.884%
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.
Education is Consumer's Only Real Protection.
- FHA 203k Renovation Mortgage - All You Need To Know Video
- Energy Efficient Mortgages - All You Need To Know Video
- What You Should Know About APR
- How To Shop for Mortgage Rates.
- Beware of Misleading Lender Advertising
- Education is the best consumer protection
- Rates and Point Relationship Explained
Bill Ladewig
800.664.7283 (SAVE)
Bill Ladewig is a Mortgage Broker Licensed by the California Department of Real Estate 00968137
NMLS #291249
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 Ultimate Mortgage Calculator
