AM Market Brief - Tuesday
National Average Fixed Rate Mortgage
Up 5 basis points at 5.17% on 06-01-09
*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities (MBS) Up 16.6 basis points to 4.974%
Lock Advice: Lock
Our rate indicator has changed direction and is showing a temporary upward rate shift
DJI Stocks Opened 8,706.54 
-14.90 -0.17%
European and Asian Markets Down 0.60%
10 Year Treasury currently 3.21%
Nymex Crude Oil $67.75 barrel, Down $0.83
Click for current Lending news and information
$8,000 Tax Credit Advance was approved today (05-29-09) by FHA Click for FHA bulletin
Fannie MBS Issuance Hits Highest Mark Since 2003
Benefiting from historically low interest rates and a refinancing boom, Fannie Mae issued $87.8 billion in mortgage-backed securities in March, nearly doubling the previous month's volume.
1st Quarter Residential Loan Originations Jump 36%
Thanks to interest rates that were at or near historical lows, residential mortgage lenders saw their loan production jump by 36% in the first quarter, according to preliminary survey figures compiled by National Mortgage News and the Quarterly Data Report.
How To Apply For $8,000 First Time Buyer Tax Credit
Up to a $8000 Tax Credit is available from IRS
10 Ways to Avoid A Closing Nightmare
An easy list that will make your life easier
