Wednesday, December 2, 2009

Short Term Stimulus: Not the Answer to Housing Woes

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Home Today's Headlines ATW Forums Q&A Mortgage Rates  
Top Stories      
Congress needs to get serious about housing, not continue to give the gift that can't keep on giving. - Voice of Housing
The FHA is taking steps to tighten its lending standards through measures that will impact both borrowers and lenders according to remarks made to congress... - MND NewsWire
Barriers of entry are increasing and will push out many players. Capital and a solid balance sheet are going to be paramount to compete as a mortgage... - Community Commentary
jeffer90576
MBS Quotes
FNMA 4.0 99-24 -0-02
FNMA 4.5 102-03 -0-03
FNMA 5.0 104-16 -0-03
FNMA 5.5 106-03 -0-02
FNMA 6.0 107-01 0-00
Updated: 12/2/09 4:29 PM
Treasuries
3 MO 0.0500 -0.0100
2 YR 0.7200 0.0500
5 YR 2.0900 0.0600
10 YR 3.3200 0.0400
30 YR 4.2600 0.0000
Updated: 12/2/09 5:43 PM
Mortgage Rates
30 Yr FRM 4.78 0.03
15 Yr FRM 4.09 0.03
FHA 30 Year 4.99 0.04
Jumbo 30 Year 5.98 0.06
5/1 Yr ARM 3.91 0.06
Updated: 12/2/09 1:59 PM
Latest Video      
View:All Videos
Fed to Raise Rates in 2010?
12/2/2009
Insight on whether the Fed will raise rates in the second half of 2010, with James Bullard, St. Louis Federal Reserve Bank president.
Trashing the FHA
12/2/2009
The details on the big changes in store at the FHA, with CNBC's Diana Olick.
Gold at ,600?
12/2/2009
A look at where gold is headed, with David Rosenberg, Gluskin Sheff & Associates chief economist.

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Recent Comments
Matthew Graham
on 12/2/2009 - read this comment
Terry, option adjusted yield spreads take into account a shifting yield curve and the effect it can have on prepayment assumptions. Nominal yield spread valuations assume the yield curve is unchanged....
Frank Ceizyk
on 12/2/2009 - read this comment
Joe, Congress seems to think they are in process of creating or saving jobs with stimulus. More job creation is certainly in our future with healthcare reform, global warming initiatives and infrastructure...
Adam Quinones
on 12/2/2009 - read this comment
PLAIN AND SIMPLE: MBS yield spreads were tight last week, so traders took profits early this week. (They were "short the basis"). Profit taking, added supply, and a steeper yield curve helped...
Brian Bieter
on 12/2/2009 - read this comment
I totally agree that job creation is critical to gettting our economy back on track. However what many larger companies are doing is hiring contract temporary positions which don't offer any benefits...

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