PM Rate Lock Advice and Mortgage Market Update

Mortgage rates are still at historic lows - don't know how much longer this can last!

Via Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970:

Rate Lock Advice and Mortgage Market Update

November 30, 2009, 1:30 PT

RATE LOCK ADVISORY

Lock Advice:  FLOAT With CAUTION
The Float with Caution recommendation is because rates have been down for a while and they almost always adjust in the other direction after a long run.
MBS prices are up 2/32.
This morning, the November Chicago PMI national manufacturing index rose to 56.1, the consensus forecast  was 53.0

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
Down 0.01% at 4.86% on Nov.30

Fannie Mae Mortgage Backed Securities
MBS Opened at 4.339% Down 0.018%.

10 Year Treasury Currently 3.20% Down -0.01%

DJI Stocks $10,344.84,  Up 34.92, 0.34%

European and Asian Markets Down -0.156%

Nymex Crude Oil Currently $77.19 Up $1.14

Take 5 minutes to watch this humorous and educational video... The big bailout banks find another way to rip off the consumer ... just in a nick of time for them, but not for us. See TBWS Video

Rates 11-30-09, 12:50AM PT
30 Year Fixed to $417,000
Rate 4.375% Point 0.875, APR 4.507%
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

Education is the ONLY Effective Consumer Protection

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.

Your FHA GuruBill 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 What is APR

Did you know Stanton Homes also offers design/build services?

New Floor Plans Just Added!

Click here to see new main floor master, two story, basement, and mother in law suite homes.

Stanton Homes - Custom Homes Raleigh NC - Build On Your Lot

Finding Your New Home in the Raleigh Area

New Homes Raleigh NC - New Home Raleigh - Raleigh NC New Homes - New Home Raleigh NCStanton Homes makes it easy!  We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations.  New homes from the upper $100s to the $500s. Custom modifications available too!

Call 919-278-8070 or visit www.StantonHomes.com to find out more about new homes in the Raleigh area today.

Floorplans | Communities | Stanton Homes | Energy Wise | Contact Us

Military Discounts | Accessible Homes | Green Building | Newsletter

Article copyright Stanton Homes 2010.   Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements.  Please note:  all listing information per MLS, and current as of posting date.  Information subject to change.  Stanton Homes does not make claims to ownership of above lot listings, but can work with homebuyers to purchase lots and build.  Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions.  Ask for further information regarding any community, lot or floor plan.  Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area.  No claim of ownership is made to homes or land pictured.  

2 comments • Penny Hull at Stanton Homes - New Homes Raleigh Triangle Area • December 01 2009 07:39AM

Mortgage Rates Reach Close to Record Lows This Week - Applications Jump 11%!

Mortgage Rates Raleigh NC

Buying a Home in the Triangle?  Lock Your Rate, Quick!

Mortgage Rates Reach Close to Record Low - But Not Expected To Stay!

Mortgage applications jumped 11% last week, as homebuyers and homeowners jumped on an unexpected dip in already very low rates.

Mortgage Rates Touch Below 5% - Briefly!

During the week ending March 6th, borrowing costs on 30-year fixed-rate mortgages averaged 4.96% (excluding fees).  This is down 0.18 percentage point from the previous week. 

And, this is the SECOND LOWEST RATE on record since the weekly MBA survey began in 1990. The record low also occurred this year - the week ending Jan. 9, 2009 had rates of 4.89%, which have not been seen since. 

Read more about these record low interest rates here.  (CNN MONEY article)

If you're even thinking about buying a home or refinancing, talk to your loan officer about locking your rate - the experts don't predict that rates will go much lower, and many experts have predicted significant increases in interest rates by the end of the year. 

And of course first time homebuyers or anyone who hasn't owned a home in three years can take advantage of the $8,000 tax credit, on top of very attractive interest rates.  Read more about the tax credit here. 

 

Raleigh Relocation Package - Buying a Home - Record Low Interest RatesRaleigh and the Triangle Area - Relocation Packages

Whether you're looking at relocating to Raleigh to start your career, to find a friendly place to raise a family, or retiring in a terrific climate, Raleigh and the Research Park Triangle has something to offer you. Great schools, lots of lakes and golf courses, top-rated cultural centers, universities, and hospitals - and all only two hours to the ocean and three hours to the mountains - it's no wonder that Raleigh is a "Best Place to Live"!

Jobs in the Raleigh Area

Triangle Area Market Reports - How's The Real Estate Market in Raleigh?

Shopping in the Raleigh Area - What Kind of Shopping Is There?

Raleigh Relocation Package - All About the Raleigh Area!

 Which Part of the Triangle is Cheapest to Live?  Property Tax Guide

 

*Stanton Homes is not a lender, and does not offer lending advice.  Talk to your lender for the best information about current rates. 

Did you know Stanton Homes also offers design/build services?

New Floor Plans Just Added!

Click here to see new main floor master, two story, basement, and mother in law suite homes.

Stanton Homes - Custom Homes Raleigh NC - Build On Your Lot

Finding Your New Home in the Raleigh Area

New Homes Raleigh NC - New Home Raleigh - Raleigh NC New Homes - New Home Raleigh NCStanton Homes makes it easy!  We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations.  New homes from the upper $100s to the $500s. Custom modifications available too!

Call 919-278-8070 or visit www.StantonHomes.com to find out more about new homes in the Raleigh area today.

Floorplans | Communities | Stanton Homes | Energy Wise | Contact Us

Military Discounts | Accessible Homes | Green Building | Newsletter

Article copyright Stanton Homes 2010.   Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements.  Please note:  all listing information per MLS, and current as of posting date.  Information subject to change.  Stanton Homes does not make claims to ownership of above lot listings, but can work with homebuyers to purchase lots and build.  Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions.  Ask for further information regarding any community, lot or floor plan.  Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area.  No claim of ownership is made to homes or land pictured.  

1 comment • Penny Hull at Stanton Homes - New Homes Raleigh Triangle Area • March 11 2009 07:04AM