Thursday, October 22, 2009

Fed Keeps Market Balanced All Day; Condo Regs Delayed

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MBS Quotes
FNMA 4.0 98-04 0-00
FNMA 4.5 100-23 -0-03
FNMA 5.0 103-06 -0-01
FNMA 5.5 104-27 0-02
FNMA 6.0 105-26 0-02
Updated: 10/22/09 4:33 PM
Treasuries
3 MO 0.0436 -0.0264
2 YR 0.9428 -0.0572
5 YR 2.3580 -0.0220
10 YR 3.4188 -0.0012
30 YR 4.2407 0.0207
Updated: 10/22/09 5:00 PM
Mortgage Rates
30 Yr FRM 4.99 0.03
15 Yr FRM 4.48 0.04
FHA 30 Year 5.14 0.02
Jumbo 30 Year 5.98 0.02
5/1 Yr ARM 3.94 0.05
Updated: 10/22/09 1:47 PM
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Update - Defending the Consumer
10/22/2009
Proposal for a Consumer Financial Protection Agency Approved by House Panel, 39-29 (Bloomberg News)
Earnings Roundup 10.21
10/22/2009
Travelers Posts First Quarterly Profit Increase Since 2007; McDonald's, 3M, and AT&T All Post Positive Earnings; New York Times and PNC Financial...
Extend Homebuyer Tax Credit?
10/22/2009
Discussing whether the government can afford to continue the homebuyer tax credit program, with Kenneth Rosen, UC Berkeley; J.D. Foster, Heritage Foundation;...

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Recent Comments
Victor Burek
on 10/22/2009 - read this comment
I think there will be some more localized pain but some markets, for example where i am in Dallas, i feel are not going to decline any further. I am concerned about the tax credit going away and the effects...
Terry Colabrese
on 10/22/2009 - read this comment
I don't get it? I have had 2 lenders improve pricing already today (slightly). The 10 bps improvement almost isn't worth it, so why would they want to pass anything on with how range bound MBS...
John R. Wilson
on 10/22/2009 - read this comment
I do think that the 8K first time buyer incentive is a good program for this time and this market. However, when the program expires, it will leave a huge void in demand as a large percentage of current...
Andrew Russell
on 10/22/2009 - read this comment
The housing market in New York is difficult to depict and label as stabilized/appreciating/depreciating as a whole. There are parts of Queens county that are impossible to appraise because all sales are...

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