Wednesday, December 16, 2009

FOMC Upgrades Labor Market. No Real Change in Uncertain Tone

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The FOMC's most meaningful tweak has been an upgrade to the labor market - "economic activity has continued to pick up and that the deterioration... - MND NewsWire
NOV HOUSING STARTS +8.9 PCT VS OCT -10.1 PCT (PREV -10.6 PCT) HOUSING STARTS 574,000 UNIT RATE (CONSENSUS 580,000) VS OCT 527,000 (PREV 529,000) NOV... - MND NewsWire
SAFE Act Update; Down Payment Assistance; Fannie & Freddie in the Future; Yield Curve Chatter - Pipeline Press
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MBS Quotes
FNMA 4.0 98-05 0-05
FNMA 4.5 100-27 0-00
FNMA 5.0 103-16 0-00
FNMA 5.5 105-18 0-03
FNMA 6.0 106-22 0-04
Updated: 12/16/09 4:35 PM
Treasuries
3 MO 0.0400 -0.0100
2 YR 0.8500 -0.0300
5 YR 2.3500 0.0000
10 YR 3.6100 0.0100
30 YR 4.5200 0.0000
Updated: 12/16/09 5:50 PM
Mortgage Rates
30 Yr FRM 4.93 0.02
15 Yr FRM 4.20 0.01
FHA 30 Year 5.16 0.01
Jumbo 30 Year 6.13 0.03
5/1 Yr ARM 4.01 -0.01
Updated: 12/16/09 5:32 PM
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Ben Bernanke is in the midst of a whirlwind week as Fed chief, with Brian Gardner, KBW Washington research analyst.
Inflation's Idle Threat?
12/16/2009
Discussing whether deflation is a greater threat than inflation, with Ira Jersey, RBC Capital Markets and Walter Zimmerman, United-ICAP.
Fed Talks Tight, Walks Easy
12/16/2009
Fed added section detailing when special liquidity programs will end, with CNBC's Steve Liesman.

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Frank Ceizyk
on 12/16/2009 - read this comment
Adam/Matt, Has been while since I said it, but I have to once again thank you both for providing the most thoughtful, intelligent combination of information that exists in the mortgage originating planet...
Ray J
on 12/16/2009 - read this comment
MG, AQ, I have an idea. Ex. I have a client who can save $500 a month with a refinance, but their DTI looks too high, like 60% after the refi. However, their current DTI is MUCH higher, like 70%. So, that...
Adam Quinones
on 12/16/2009 - read this comment
The FOMC's most meaningful tweak has been an upgrade to the labor market - "economic activity has continued to pick up and that the deterioration in the labor market is abating." Rates are...

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