AM Market Brief - Monday
June 15 , 2009, 6:30 AM PST
National Average Fixed Rate Mortgage
Down 4 basis points at 5.54% on 06-12-09
*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities (MBS) Down 7.7 basis points to 5.188%
Lock Advice: Float with CAUTION
Today's AM rate indicator was down 5.5 basis points and 10 year bonds were down 4 basis points up from close of business Friday.
DJI Stocks Opened 8,767.67 
-31.59 -0.36%
European and Asian Markets Down 1.51%
10 Year Treasury currently 3.74%
Nymex Crude Oil $71.38 barrel, Down $0.66
Your Stealth Shopper Strikes again full story
Click for current Lending news and information
$8,000 Tax Credit Advance was approved (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
