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Bill Ladewig's Blog

By Bill Ladewig | Mortgage Broker
or Lender in San Diego County, CA

AM Update - Should buyers take the plunge this spring?


March 8, 2012, 6:30 AM PST

Click for Lock Advice Updated Several Times Daily  


Mortgage Interest Rate lock Advice for locks within 8 days: FLOAT

Mortgage Points based on 3.5% Mortgage Backed Securities are up 0.06 point.


30 Day Mortgage Interest Rate Lock or Float Advice:  FLOAT



National Average Fixed Rate Mortgage 3.90%   
MBS (3.5%) - 103.53, High: 103.53, Low: 103.41   
DJI Stocks currently $12,905.67,  Up $68.34, Change 0.53%   
Asian & European Stock Market Indexes Up 1.279%   
Nymex Crude Oil Currently $106.38 Up $0.22   
Gold 1 Once - 1696 


Should buyers take the plunge this spring?
March Buying Advice: Pending sales are up, and experts say the economy is stronger. With mortgage rates still pretty attractive, it might be time for some fence-sitters to become homebuyers. >> Read More MSN.com


FHA 203k Renovation Loans - All You Need To Know - Nine Minute Video 

Provide Your Clients With Options - Energy Efficient Mortgages - 4 Minute Video


FHA to Increase Mortgage Insurance April 1, 2012
The FHA Annual premium, paid monthly will increase by 0.10 to 1.25% below $625,000 and 0.75 above to 1.85%.  The UFMIP will be increased from 1 percent to 1.75 percent of the base loan amount. This increase applies regardless of the amortization term or LTV ratio. FHA will continue to permit financing of this charge into the mortgage. This change is effective for case numbers assigned on or after April 1, 2012.  Mortgagee Letter 12-037 

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