Tuesday, December 1, 2009

Addressing the 'New' Root Cause of the Great Housing Crisis

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Home Today's Headlines ATW Forums Q&A Mortgage Rates  
Top Stories      
Let's face it, the monthly payment on a mortgage - even with an interest rate of 0% - is too high when the primary earners in that household are unemployed... - Voice of Housing
FHA Imposes Penalties on Lend America; AmTrust Bank BK; Investor Updates: BoA,Suntrust, Flagstar, Wells - Pipeline Press
We talked yesterday about the opportunity for community banks to partner with a mortgage banker. If a community bank is not interested in the mortgage... - Community Commentary
jeffer90576
MBS Quotes
FNMA 4.0 99-25 -0-21
FNMA 4.5 102-07 -0-13
FNMA 5.0 104-21 -0-06
FNMA 5.5 106-03 -0-08
FNMA 6.0 107-03 -0-02
Updated: 12/1/09 4:36 PM
Treasuries
3 MO 0.0600 0.0134
2 YR 0.6700 0.0068
5 YR 2.0300 0.0305
10 YR 3.2800 0.0822
30 YR 4.2600 0.0683
Updated: 12/1/09 5:50 PM
Mortgage Rates
30 Yr FRM 4.75 0.03
15 Yr FRM 4.06 0.03
FHA 30 Year 4.95 0.04
Jumbo 30 Year 5.92 0.05
5/1 Yr ARM 3.85 0.03
Updated: 12/1/09 4:16 PM
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Discussing whether an economic recovery is sustainable, with Robert Reich, former Labor Secretary; Joel Naroff, Naroff Economic Advisors and CNBC's...
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Getting reaction to President Obama's revamped Afghanistan war strategy, with CNBC's Scott Cohn & John Harwood.

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Recent Comments
Adam Quinones
on 12/1/2009 - read this comment
I wouldn't be surprised to see continued selling from loan originators into the close. This environment does not bode well for rate sheets...we are however waiting for real money accounts to do some...
Chad
on 12/1/2009 - read this comment
I personaly don't think rates will move further than 4.5%. These are record breaking rates and banks will have to receive some sort of return on the $ they are lending. It just can't get any better...
Paul Ivanauskas
on 12/1/2009 - read this comment
Just wanted to say a big thanks to you and this site. As I'm closing on a new house in 2 weeks it's helped me to understand better some of the factors taht come into play when a "rate"...
Steven Gillan
on 11/30/2009 - read this comment
I think we are missing something in the conversation here, The bottom line is that a $270k performing note is better than a $300k non performing note, it is better for the investor and homeowner. The way...

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