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Bill Ladewig's Blog

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

Nearly 100 Housing Markets Improve in March: NAHB

MORTGAGE LOCK ADVISORY 

March 19, 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 down 06 point. 

 

30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK

 

MORTGAGE MARKET INDICATORS 

National Average Fixed Rate Mortgage 3.875%   
MBS (3.5%) - 102.49, High: 102.59, Low: 102.31   
DJI Stocks currently $13,214.69,  Down $-17.93, Change -0.136%   
Asian & European Stock Market Indexes Down -0.359%   
Nymex Crude Oil Currently $107.85 Up $0.79   
Gold 1 Once - 1654.9 


MORTGAGE NEWS BRIEFS

 

Nearly 100 Housing Markets Improve in March: NAHB
 
Fewer declines in housing permits, strengthening job numbers, and stabilizing home prices helped field improvements in nearly 100 housing markets in March, according to the National Association of Home Builders. » Read More MReport

 

Slew of housing stats set for release
 
By Andrew Scoggin* March 19, 2012 * 6:00am
 
A swath of monthly housing data hits the economic scene this week, as mortgage industry players look for more signals of the direction of the market. It starts Monday with the National Association of Home Builders housing market index, which reached a four-year high in February at a reading of 29.>>Read More HousingWire

 

Confidential Report: Jumbo Conduits Folding
 
The report -- provided to National Mortgage News under the condition its author not be disclosed - counts roughly 20 firms that either formed a jumbo conduit or laid the groundwork to do so. >> Read More National Mortgage News

 

One BofA Manager Signs 67,908 Documents in 2 Year Period
A Bank of America manager said she read the first paragraph of a document, and then located the place she needed to sign.  She spent 1-1/2 to 2 hours per day on signing documents and two to three minutes on each. >>Read More Mortgage News Daily

 

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

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

Comments

By Timothy M. Garrity,  Mon Mar 19 2012, 07:12
Very positive news for the US housing market.

Timothy Garrity - Realtor & Consultant | http://phillyurbanliving.com

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