Ladewig AM Market Brief
By Bill Ladewig, Experience Is Your Advantage
Treasury yields are lower for a third day, after the Commerce Department said home builders broke ground on fewer homes in July and wholesale prices jumped more than economists expected FNMA 30 yr Mortgage Backed Securities DOWN 1.9 basis points* to 6.266% 10 Year Treasuries unchanged at 3.81% DJI Stocks are down 121 in early trading. Crude Oil down to 112.57 a barrel. Links to additional industry news. Reverse Mortgage Broker Fee in Dispute 2008 Housing Bill eliminates 25% Fee to Brokers Not approved by FHA 10 Ways to Avoid A Closing Nightmare An easy list that will make your life easier DPA May Not Be Dead! New Bipartisan Legislation Introduced $7,500 First Time Buyer Tax Credit Up to $7,500 can be borrowed from IRS *A Basis Point is 1/100 of a percent.