Ladewig's AM Market Brief

Tuesday, Sept. 02, 2008

Mortgage Rates UP this morning
ADVICE: Lock
Rates are near the bottom of an established trading trend so the probability of rates increasing soon is high and declining is low.

FNMA 30Yr Mortgage Backed Securities (MBS) UP 9 basis points* to 6.143%.

10 Year T-Bill UP 4 basis pt. to 3.80%

DJI Stocks UP 157 in early trading.

Crude Oil currently $108.97 per barrel

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

Try New FHA Mortgage Calculator

Finds lowest rate for: Fixed, FHA ARMS and 203(k)
http://www.themtgmentor.com/FHA_Mortgage_Calculator.html
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

Market and Lending updates: http://www.YourFhaGuru.com

Posted by Bill Ladewig on 09/02/2008 11:43 AM

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market, mbs, mortgage calculator

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Loan Officer: Bill Ladewig (American Pacific Mortgage)

Bill Ladewig
San Diego, CA
More about me…
American Pacific Mortgage

Office Phone: (866) 204-9733
Cell Phone: (760) 685-0480
Email Me

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