Your FHA Guru

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
March 11, 2010, 6:30 PT
Website is Updated Several Times Daily

Lock Advice for loans that must lock today:  FLOAT.   
MBS prices are unchanged from Wedensday close after being down 4/32 earlier.
Jobless Claims came in very close to expectations.

Long Term Lock or Float Advice:  LOCK.
MBS prices are oversold and while rates have increased in the past few days they could turn around at any time so the safe position is to lock.

National Average Fixed Rate Mortgage
Unchanged at 4.97% on Mar.10

MBS Yields Opened at 4.665% Up 0.006%.

10 Year Treasury Currently 3.730% Up 0.02%

DJI Stocks $10,567.33,  Up 2.95, 0.03%

European and Asian Markets Down -0.383%

Nymex Crude Oil Currently $81.71 Down $0.38

• Frustrated Owner Bulldozes Home Ahead Of Foreclosure Story and Video

• Maybe there is help for Jumbo Loans.  Broker Universe
• CA Buyer and Broker convicted of loan Fraud Broker Universe
• Home Prices Continue Climb from 2009  Housing Wire
• Home Affordable Refinance Program (HARP) has been extended to June 30, 2011.  Notice 
• Mortgage Brokers are the cheapest conduit to bring loans to market according to FHA Commissioner, David Stevens TBWS
• Homeowner Estimates as Good as Zillow? Appraisal Academics Think So  Housing Wire
• Homebuilders Expect FHA Changes to Hurt Sales HOUSINGWIRE
• Where's housing headed?  Follow rents. CNNMoney.com
• Housing construction up 2.8 percent in January.   StLtoday.com
• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story

California Mortgage Rates 03-10-10, 9:20 PT
30 Year Fixed to $417,000
Rate 4.750%  Point 0.940, APR 4.900%

APR Based on $350,000 Loan at 80% LTV
Above Rate can be locked  for 30 days.
Click for Quotes on FHA and VA loans With Detailed Cost Estimates.
 No Application or Credit Report required

Compare Rates from Major Lenders Survey

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
March 10, 2010, 6:30 PT
Website is Updated Several Times Daily

Lock Advice for loans requiring immediate action:  LOCK. . 
MBS prices are down -4/32.
There will be a 10-Yr Treasury auction at 1:00 ET.

Long Term Lock or Float Advice:  LOCK.
MBS prices are oversold and while rates have increased in the past few days they could turn around at any time so the safe position is to lock.

National Average Fixed Rate Mortgage
Down 0.02% at 4.99% on Mar.9

MBS Yields Opened at 4.681% Down 0.011%.

10 Year Treasury Currently 3.710% Down -0.01%

DJI Stocks $10,568.52,  Up 4.14, 0.04%

European and Asian Markets Up 0.131%

Nymex Crude Oil Currently $81.22 Down $0.27

• Frustrated Owner Bulldozes Home Ahead Of Foreclosure Story and Video

• Maybe there is help for Jumbo Loans.  Broker Universe
• CA Buyer and Broker convicted of loan Fraud Broker Universe
• Home Prices Continue Climb from 2009  Housing Wire
• Home Affordable Refinance Program (HARP) has been extended to June 30, 2011.  Notice 
• Mortgage Brokers are the cheapest conduit to bring loans to market according to FHA Commissioner, David Stevens TBWS
• Homeowner Estimates as Good as Zillow? Appraisal Academics Think So  Housing Wire
• Homebuilders Expect FHA Changes to Hurt Sales HOUSINGWIRE
• Where's housing headed?  Follow rents. CNNMoney.com
• Housing construction up 2.8 percent in January.   StLtoday.com
• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story

California Mortgage Rates 03-09-10, 9:20 PT
30 Year Fixed to $417,000
Rate 4.750%  Point 0.785, APR 4.902%

APR Based on $350,000 Loan at 80% LTV
Above Rate can be locked  for 30 days.
Click for Quotes on FHA and VA loans With Detailed Cost Estimates.
 No Application or Credit Report required

Compare Rates from Major Lenders Survey

Education is Consumer's Only Real Protection. 

Bill Ladewig

800.664.7283 (SAVE)

Bill@YourFhaGuru.com

Website

Bill Ladewig is a Mortgage Broker Licensed by the California Department of Real Estate 00968137

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

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
March 9, 2010, 6:30 PT
Website is Updated Several Times Daily

Lock Advice for loans requiring immediate action:  FLOAT.  . 
MBS prices are up +7/32. There will be a 3-Year Treasury auction at 1:00 ET

Long Term Lock or Float Advice:  LOCK.
MBS prices are oversold and while rates have increased in the past few days they could turn around at any time so the safe position is to lock.

National Average Fixed Rate Mortgage
Unchanged at 5% on Mar.8

MBS Yields Opened at 4.681% Down 0.011%.

10 Year Treasury Currently 3.720% Up 0.03%

DJI Stocks $10,539.07,  Down -13.45, -0.13%

European and Asian Markets Down -0.443%

Nymex Crude Oil Currently $80.76 Down $1.11 

• Frustrated Owner Bulldozes Home Ahead Of Foreclosure Story and Video

• Maybe there is help for Jumbo Loans.  Broker Universe
• CA Buyer and Broker convicted of loan Fraud Broker Universe
• Home Prices Continue Climb from 2009  Housing Wire
• Home Affordable Refinance Program (HARP) has been extended to June 30, 2011.  Notice 
• Mortgage Brokers are the cheapest conduit to bring loans to market according to FHA Commissioner, David Stevens TBWS
• Homeowner Estimates as Good as Zillow? Appraisal Academics Think So  Housing Wire
• Homebuilders Expect FHA Changes to Hurt Sales HOUSINGWIRE
• Where's housing headed?  Follow rents. CNNMoney.com
• Housing construction up 2.8 percent in January.   StLtoday.com
• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story

California Mortgage Rates 03-08-10, 8:00PT
30 Year Fixed to $417,000
Rate 4.75%  Point 1.176, APR 4.916%
APR Based on $350,000 Loan at 80% LTV
Above Rate can be locked  for 30 days.
Click for Quotes on FHA and VA loans With Detailed Cost Estimates.
 No Application or Credit Report required

Compare Rates from Major Lenders Survey

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
March 8, 2010, 6:35 PT
Advise on Site is Updated Several Times Daily

Today's Lock Advice for loans requiring immediate action:  LOCK.  . 
MBS prices are down -4/32. No economic data will be released today.
Rates run opposite MBS Prices

Long Term Lock or Float Advice:  LOCK.
MBS prices are oversold and while rates have increased in the past few days they could turn around at any time so the safe position is to lock.

National Average Fixed Rate Mortgage
Unchanged at 5.01% on Mar.5

MBS Yields Opened at 4.692% Up 0.043%.

10 Year Treasury Currently 3.690% Up 0.08%

DJI Stocks $10,569.75,  Up 3.55, 0.03%

European and Asian Markets Up 0.53%

Nymex Crude Oil Currently $82.09 Up $0.59

• Frustrated Owner Bulldozes Home Ahead Of Foreclosure Story and Video

• Maybe there is help for Jumbo Loans.  Broker Universe
• CA Buyer and Broker convicted of loan Fraud Broker Universe
• Home Prices Continue Climb from 2009  Housing Wire
• Home Affordable Refinance Program (HARP) has been extended to June 30, 2011.  Notice 
• Mortgage Brokers are the cheapest conduit to bring loans to market according to FHA Commissioner, David Stevens TBWS
• Homeowner Estimates as Good as Zillow? Appraisal Academics Think So  Housing Wire
• Homebuilders Expect FHA Changes to Hurt Sales HOUSINGWIRE
• Where's housing headed?  Follow rents. CNNMoney.com
• Housing construction up 2.8 percent in January.   StLtoday.com
• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story

California Mortgage Rates 03-05-10, 10:42 PT
30 Year Fixed to $417,000
Rate 4.75%  Point 0.875, APR 4.888%
APR Based on $350,000 Loan at 80% LTV
Above Rate can be locked  for 30 days.
Click for Quotes on FHA and VA loans With Detailed Cost Estimates.
 No Application or Credit Report required

Compare Rates from Major Lenders Survey

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
March 3, 2010, 6:35 PT
Advise on Site is Updated Several Times Daily

Today's Lock Advice for loans requiring immediate action:   LOCK.  . 
MBS prices are down -2/32. ISM Services will be released at 10:00 ET.
Rates run opposite MBS Prices

Long Term Lock or Float Advice:  LOCK.
On February 10th Rates appeared to reverse their down trend held since December, 2009. 

National Average Fixed Rate Mortgage
Down 0.01% at 5.01% on Mar.2

MBS Yields Opened at 4.695% Down 0.003%.

10 Year Treasury Currently 3.620% Up 0.01%

DJI Stocks $10,424.95,  Up 18.97, 0.18%

European and Asian Markets Up 0.351%

Nymex Crude Oil Currently $80.20 Up $0.52

• Report Mortgage fraud and Loan Modification Scams How to Report

• Home Affordable Refinance Program (HARP) has been extended to June 30, 2011.  Notice 
• Mortgage Brokers are the cheapest conduit to bring loans to market according to FHA Commissioner, David Stevens TBWS
• Homeowner Estimates as Good as Zillow? Appraisal Academics Think So  Housing Wire
• Homebuilders Expect FHA Changes to Hurt Sales HOUSINGWIRE
• Where's housing headed?  Follow rents. CNNMoney.com
• Housing construction up 2.8 percent in January.   StLtoday.com
• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story
• FHA is Effectively Out of Making Condo Loans Story
• FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010

California Mortgage Rates 03-01-10, 8:00PT
30 Year Fixed to $417,000
Rate 4.750%  Point 1.000, APR 4.875%
APR Based on $350,000 Loan at 80% LTV
Above Rate can be locked  for 30 days.
Click for Quotes on FHA and VA loans With Detailed Cost Estimates.
 No Application or Credit Report required

Compare Rates from Major Lenders Survey

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
March 2 2010, 6:30 PT
Advise on Site is Updated Several Times Daily

Today's Lock Advice for loans requiring immediate action:   LOCK.  . 
MBS prices are down -4/32. No economic data will be released today.

Long Term Lock or Float Advice:  LOCK.
On February 10th Rates appeared to be going up and beginning a reversal of a down trend held since December, 2009.  MBS Prices closed Friday slightly above their 100 moving average which, by my estimate, puts them in neutral ground and today's price action should give us a direction.

National Average Fixed Rate Mortgage 
Unchanged at 5.03% on Mar.1

MBS Yields Opened at 4.698% Down 0.001%.

10 Year Treasury Currently 3.610% Unchanged 0%

DJI Stocks $10,443.46,  Up 39.67, 0.38%

European and Asian Markets Up 0.515%

Nymex Crude Oil Currently $79.16 Up $0.46

• Report Mortgage fraud and Loan Modification Scams How to Report

• Home Affordable Refinance Program (HARP) has been extended to June 30, 2011.  Notice 
• Mortgage Brokers are the cheapest conduit to bring loans to market according to FHA Commissioner, David Stevens TBWS
• Homeowner Estimates as Good as Zillow? Appraisal Academics Think So  Housing Wire
• Homebuilders Expect FHA Changes to Hurt Sales HOUSINGWIRE
• Where's housing headed?  Follow rents. CNNMoney.com
• Housing construction up 2.8 percent in January.   StLtoday.com
• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story
• FHA is Effectively Out of Making Condo Loans Story
• FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010

California Mortgage Rates 03-01-10, 8:00PT
30 Year Fixed to $417,000
Rate 4.750%  Point 1.000, APR 4.875%
APR Based on $350,000 Loan at 80% LTV
Above Rate can be locked  for 30 days.
Click for Quotes on FHA and VA loans With Detailed Cost Estimates.
 No Application or Credit Report required

Compare Rates from Major Lenders Survey

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
March 1, 2010, 6:30 PT
Advise on Site is Updated Several Times Daily

Today's Lock Advice for loans requiring immediate action:   FLOAT.  . 
MBS prices dropped from a high of 11/32 to 4/32 and closed above their 100 day moving average which may cause a change in my long term lock advice.  They could go either way and we will have to wait until Monday to see where MBS travel.
GDP came in close to expectations.
Rates move opposite MBS prices

Long Term Lock or Float Advice:  LOCK.
This advice may change on Monday.  On February 10th Rates appeared to be going up and began a reversal of a down trend held since December, 2009.

MARKET NEWS

National Average Fixed Rate Mortgage
Down 0.02% at 5.04% on Feb.26
MBS Yields Opened at 4.704% Down 0.019%.
10 Year Treasury Currently 3.640% Down -0.06%
DJI Stocks Closed at $10,325.26,  Up 4.23, 0.04%
European and Asian Markets Closed Up 1.181%
Nymex Crude Oil Currently $79.65 Up $1.48

• Feb 23, 2009; FHA COMMISSIONER DAVID STEVENS said
  that Mortgage Brokers are the cheapest conduit to bring loans to market  TBWS
• Homeowner Estimates as Good as Zillow?
  Appraisal Academics Think So  Housing Wire
• Homebuilders Expect FHA Changes to Hurt Sales HOUSINGWIRE
• Where's housing headed?  Follow rents. CNNMoney.com
• Housing construction up 2.8 percent in January.   StLtoday.com
• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story
• FHA is Effectively Out of Making Condo Loans Story
• FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010

California Mortgage Rates 02-26-10, 8:00PT
30 Year Fixed to $417,000
Rate 4.625%  Point 1.375, APR 4.781%
APR Based on $350,000 Loan at 80% LTV
Above Rate can be locked  for 30 days.
Click for Quotes on FHA and VA loans With Detailed Cost Estimates.
 No Application or Credit Report required

Compare Rates from Major Lenders Survey

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
February 26, 2010, 6:45 PT
Advise on Site is Updated Several Times Daily

Today's Lock Advice for loans
requiring immediate action:   FLOAT.  . 
MMBS prices are up +3/32. GDP came in close to expectations.
Rates move opposite MBS prices

Long Term Lock or Float Advice:  LOCK.
On February 10th Rates started up and began a reversal of a down trend held since December, 2009.

National Average Fixed Rate Mortgage
Down 0.01% at 5.07% on Feb.25
MBS Yields Opened at 4.723% Down 0.01%.
10 Year Treasury Currently 3.640% Down -0.06%
DJI Stocks $10,324.58,  Up 3.55, 0.03%
European and Asian Markets Up 0.689%
Nymex Crude Oil Currently $78.88 Up $0.71

• Homeowner Estimates as Good as Zillow? Appraisal Academics Think So  Housing Wire
• Feb 23, 2009; FHA COMMISSIONER DAVID STEVENS said that Mortgage Brokers are the cheapest conduit to bring loans to market  TBWS
• Homebuilders Expect FHA Changes to Hurt Sales HOUSINGWIRE
• Where's housing headed?  Follow rents. CNNMoney.com
• Housing construction up 2.8 percent in January.   StLtoday.com
• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story
• FHA is Effectively Out of Making Condo Loans Story
• FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010

California Mortgage Rates 02-25-10, 11:25 PT
30 Year Fixed to $417,000
Rate 4.75%  Point 0.750, APR 4.853%
APR Based on $350,000 Loan at 80% LTV
Above Rate can be locked  for 30 days.
Click for Quotes on FHA and VA loans With Detailed Cost Estimates.
 No Application or Credit Report required

Compare Rates from Major Lenders Survey

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
February 24, 2010, 3:30PT
Advise on Site is Updated Several Times Daily

Today's Lock Advice for loans requiring immediate action:   FLOAT.  . 
MBS prices are up +7/32. Jobless Claims were higher than expected, while Durable Orders were mixed. The immediate reaction was a jump in MBS prices.

Long Term Lock or Float Advice:  LOCK.
On February 10th Rates started up and began a reversal of a down trend held since December, 2009.

National Average Fixed Rate Mortgage 
Unchanged at 5.08% on Feb.24

MBS Yields Opened at 4.723% Down 0.01%.

10 Year Treasury Currently 3.70% Up 0.01%

DJI Stocks $10,215.83,  Down -158.33, -1.53%

European and Asian Markets Down -1.206%

Nymex Crude Oil Currently $78.22 Down $1.78

• Feb 23, 2009; FHA COMMISSIONER DAVID STEVENS said that Mortgage Brokers are the cheapest way to bring a loan to market  TBWS
• Homebuilders Expect FHA Changes to Hurt Sales HOUSINGWIRE
• Credit card relief is here, but watch out for new traps CNNMoney.com
• Where's housing headed?  Follow rents. CNNMoney.com
• Housing construction up 2.8 percent in January.   StLtoday.com
• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story
• FHA is Effectively Out of Making Condo Loans Story
• FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010
• Other FHA Changes are in the wind accordingto FHA Commissioner David H Stevens announced on a conference call to reporters January 19th. besides changed UFMIP, FHA plans to lower maximum seller contributions from 6% to 3% and they will increase the downpayment requirement up to 10% for low FICO scores. The official FHA bulletin was released on Jan. 21st. Read Bloomberg report

California Mortgage Rates 02-24-10, 11:25 PT
30 Year Fixed to $417,000
Rate 4.75%  Point 1.00, APR 4.872%
APR Based on $350,000 Loan at 80% LTV
Above Rate can be locked  for 30 days.
Click for Quotes on FHA and VA loans With Detailed Cost Estimates.
 No Application or Credit Report required

Compare Rates from Major Lenders Survey

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
February 23, 2010, 6:30 PT
Site is Updated Several Times Daily

Today's Lock Timing for loans requiring an immediate action:  FLOAT.  MBS prices are up +3/32. Consumer Confidence will be released at 10:00 ET

Long Term Lock or Float Advice:  LOCK.
On February 10th Rates started up and began a reversal of a down trend held since December, 2009.

National Average Fixed Rate Mortgage
UP 0.04% at 5.1% on Feb.22

MBS Yields Opened at 4.779% Down 0.044%.

10 Year Treasury Currently 3.80% Up 0.02%

DJI Stocks $10,363.51,  Down -19.87, -0.19%

European and Asian Markets Down -0.423%

Nymex Crude Oil Currently $79.33 Down $0.98

• Homebuilders Expect FHA Changes to Hurt Sales HOUSINGWIRE
• Credit card relief is here, but watch out for new traps CNNMoney.com
• Where's housing headed?  Follow rents. CNNMoney.com
• Housing construction up 2.8 percent in January.   StLtoday.com
• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Barney Frank Named 'Porker of the Year'  CNBC News
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story
• FHA is Effectively Out of Making Condo Loans Story
• FHA Suspends Four Lenders Story
• FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010
• Other FHA Changes are in the wind accordingto FHA Commissioner David H Stevens announced on a conference call to reporters January 19th. besides changed UFMIP, FHA plans to lower maximum seller contributions from 6% to 3% and they will increase the downpayment requirement up to 10% for low FICO scores. The official FHA bulletin was released on Jan. 21st. Read Bloomberg report

California Mortgage Rates 02-22-10, 8:55 PT

Rates 02-22-10, 8:00 PT
30 Year Fixed to $417,000
Rate 4.875%  Point 0.75,  APR 4.979%
APR Based on $350,000 Loan at 80% LTV
Above Rate can be locked  for 30 days.
Click for Quotes on FHA and VA loans With Detailed Cost Estimates.
 No Application or Credit Report required

Compare Rates from Major Lenders Survey

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
February 22, 2010, 6:35 PT
Updated Several Times Daily

Today's Lock Timing:  FLOAT.  MBS prices are Down 2/32.
No economic data will be released today.

Long Term Lock or Float Advice:  LOCK.
On February 10th Rates began a reverssal of a down trend held since December, 2009.

National Average Fixed Rate Mortgage 
UP 0.02% at 5.06% on Feb.19

MBS Opened at 4.823% Up 0.006%.

10 Year Treasury Currently 3.780% Down -0.01%

DJI Stocks $10,418.22,  Up 15.87, 0.15%

European and Asian Markets Up 0.595%

Nymex Crude Oil Currently $80.22 Up $0.41 

• Credit card relief is here, but watch out for new traps CNNMoney.com
• Where's housing headed?  Follow rents. CNNMoney.com
• Housing construction up 2.8 percent in January.   StLtoday.com
• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Barney Frank Named 'Porker of the Year'  CNBC News
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story
• FHA is Effectively Out of Making Condo Loans Story
• FHA Suspends Four Lenders Story
• FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010
• Other FHA Changes are in the wind accordingto FHA Commissioner David H Stevens announced on a conference call to reporters January 19th. besides changed UFMIP, FHA plans to lower maximum seller contributions from 6% to 3% and they will increase the downpayment requirement up to 10% for low FICO scores. The official FHA bulletin was released on Jan. 21st. Read Bloomberg report

California Rates 02-19-10, 8:55PT
30 Year Fixed to $417,000
Rate 4.750%, Point 1.375, APR 4.944%

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 Cost Estimates.
No Application or Credit Report required

Compare Rates from Major Lenders Survey

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
February 19, 2010, 6:45 PT

Today's Lock Timing:  FLOAT.  MBS prices are down 2/32. CPI inflation came in lower than expected and the Fed also announced a small increase in the discount rate.
Borrower's monitoring the MM Site were warned to lock rates about an hour before they increased on Thursday.

Long Term Lock or Float Advice:  LOCK.
Last week Rates reversed a down trend held since December, 2009.

National Average Fixed Rate Mortgage
UP 0.02% at 5.04% on Feb.18

MBS Opened at 4.817% Up 0.073%.

10 Year Treasury Currently 3.790% Up 0.05%

DJI Stocks $10,379.60,  Down -13.3, -0.13%

European and Asian Markets Down -0.316%

Nymex Crude Oil Currently $79.43 Up $0.37

• Where's housing headed?  Follow rents. CNNMoney.com
• Housing construction up 2.8 percent in January.   StLtoday.com
• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Barney Frank Named 'Porker of the Year'  CNBC News
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story
• FHA is Effectively Out of Making Condo Loans Story
• FHA Suspends Four Lenders Story
• FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010
• Other FHA Changes are in the wind accordingto FHA Commissioner David H Stevens announced on a conference call to reporters January 19th. besides changed UFMIP, FHA plans to lower maximum seller contributions from 6% to 3% and they will increase the downpayment requirement up to 10% for low FICO scores. The official FHA bulletin was released on Jan. 21st. Read Bloomberg report

California Rates 02-18-10, 1:30 PT
30 Year Fixed to $417,000
Rate 4.750%, Point 1.25, APR 4.915%

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 Cost Estimates.
No Application or Credit Report required

Compare Rates from Major Lenders Survey

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
February 16, 2010, 8:10 PM PT

Today's Lock or Float Advice:  LOCK
Last week Rates reversed a down trend held since December, 2009.
MBS prices are down -2/32. The Empire State index came in higher than expected.

National Average Fixed Rate Mortgage
UP 0.02% at 5.03% on Feb.15

MBS Opened at 4.691% Down 0.023%.

10 Year Treasury Currently 3.690% Down -0.04%

DJI Stocks $10,191.04,  Up 91.9, 0.91%

European and Asian Markets Up 0.569

Nymex Crude Oil Currently $76.84 Up $2.71

• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Barney Frank Named 'Porker of the Year'  CNBC News
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story
• FHA is Effectively Out of Making Condo Loans Story
• FHA Suspends Four Lenders Story
• FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010
• Other FHA Changes are in the wind accordingto FHA Commissioner David H Stevens announced on a conference call to reporters January 19th. besides changed UFMIP, FHA plans to lower maximum seller contributions from 6% to 3% and they will increase the downpayment requirement up to 10% for low FICO scores. The official FHA bulletin was released on Jan. 21st. Read Bloomberg report

California Rates 02-16-10, 8:30PT
30 Year Fixed to $417,000
Rate 4.625%, Point 1.375 APR 4.806%

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 Cost Estimates.
No Application or Credit Report required

Compare Rates from Major Lenders Survey

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
February 12, 2010, 8:30 PT

Today's Lock or Float Advice:  LOCK
This week Rates reversed their down trend since December, 2009
Mortgage Backed Securities (MBS) prices are up +8/32.   MBS move the opposite of rates.  The overall rate trend is up but if you must lock today I suggest waiting until lthis afternnon  to take advantage of today's improving rates.
Retail Sales came in very close to expectations.

National Average Fixed Rate Mortgage
UP 0.03% at 5.02% on Feb.11

Fannie Mae Mortgage Backed Securities
MBS Opened at 4.714% Down 0.039%.

10 Year Treasury Currently 3.730% Up 0.01%

DJI Stocks $10,029.84,  Down -114.35, -1.13%

European and Asian Markets Down -0.269%

Nymex Crude Oil Currently $73.60 Down $1.68

• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Barney Frank Named 'Porker of the Year'  CNBC News
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story
• FHA is Effectively Out of Making Condo Loans Story
• FHA Suspends Four Lenders Story
• FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010
• Other FHA Changes are in the wind accordingto FHA Commissioner David H Stevens announced on a conference call to reporters January 19th. besides changed UFMIP, FHA plans to lower maximum seller contributions from 6% to 3% and they will increase the downpayment requirement up to 10% for low FICO scores. The official FHA bulletin was released on Jan. 21st. Read Bloomberg report

California Rates 02-12-10, 8:30PT
30 Year Fixed to $417,000
Rate 4.750%, Point 0.750APR 4.873%

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 Cost Estimates.
No Application or Credit Report required

Compare Rates from Major Lenders Survey

Rate Lock Advice & Mortgage Market Update

DAILY RATE LOCK ADVICE
February 9, 2010, 6:30 PT

Lock Advice:  FLOAT with Caution
MBS prices are down -5/32.
There will be a 3-yr Treasury auction at 1:00 et.

National Average Fixed Rate Mortgage 
Down 0.03% at 4.99% on Feb.8

Fannie Mae Mortgage Backed Securities
MBS Opened at 4.699% Up 0.042%.

10 Year Treasury Currently 3.620% Up 0.03%

DJI Stocks $9,995.53,  Up 87.14, 0.88%

European and Asian Markets Up 0.282%

Nymex Crude Oil Currently $72.55 Up $0.66

• OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video
• Barney Frank Named 'Porker of the Year'  CNBC News
• Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story
• FHA is Effectively Out of Making Condo Loans Story
• FHA Suspends Four Lenders Story
• FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010
• Other FHA Changes are in the wind accordingto FHA Commissioner David H Stevens announced on a conference call to reporters January 19th. besides changed UFMIP, FHA plans to lower maximum seller contributions from 6% to 3% and they will increase the downpayment requirement up to 10% for low FICO scores. The official FHA bulletin was released on Jan. 21st. Read Bloomberg report

California Rates 02-08-10, 12:15 PT
30 Year Fixed to $417,000
Rate 4.625%, Point 1.375 APR 4.778%

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 Cost Estimates.
No Application or Credit Report required

Compare Rates from Major Lenders Survey