Friday, January 29, 2010

Mortgage Rates End Choppy Week Near Best Levels

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Following the release of much better than expected 4th Quarter GDP, mortgage-backed security prices fell. This forced lenders to move mortgage rates slightly... - Mortgage Rate Watch
Consumer complaints about debt-assistance companies have spawned tougher new laws designed to crack down on scam artists. In many states, these new laws... - Community Commentary
Let's try something a little different for the weekend... No novel tonight. Lock/Float considerations were well discussed earlier in the day. But when... - MBS Commentary
jeffer90576
MBS Quotes
FNMA 4.0 98-03 0-13
FNMA 4.5 100-31 0-05
FNMA 5.0 103-29 0-04
FNMA 5.5 105-30 0-06
FNMA 6.0 107-01 0-05
Updated: 1/29/10 4:31 PM
Treasuries
3 MO 0.0800 0.0000
2 YR 0.8200 -0.0500
5 YR 2.3400 -0.0700
10 YR 3.6300 -0.0500
30 YR 4.5100 -0.0600
Updated: 1/29/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.95 -0.03
15 Yr FRM 4.29 -0.02
FHA 30 Year 5.14 -0.03
Jumbo 30 Year 6.37 -0.01
5/1 Yr ARM 4.15 -0.03
Updated: 1/29/10 5:25 PM
Latest Video      
View:All Videos
Breaking The Cycle of Fear
1/29/2010
Carlos Gutierrez, former Commerce Secretary; Stuart Schweitzer, JPMorgan Private Bank; David Malpass, Encima Global; and the Power Lunch team.
Cash Shortfall in California ... Again!
1/29/2010
California's governor is trying to find some new ideas to resolve the state's budget shortfall, with CNBC's Jane Wells.
Romer Expects Positive Jobs Growth by `Spring' in U.S.: Video
1/29/2010
Jan. 29 (Bloomberg) -- Christina Romer, chairman of the White House Council of Economic Advisers, talks with Bloomberg's Betty Liu about fourth-quarter...

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Recent Comments
Michael Cromwell
on 1/29/2010 - read this comment
Locked 1 closing next week. Floating the rest of my huge pipeline(4). Purchases have slowed down substantially here. Bears look to be digging in & think we may have a little stock lever help next week...
Mike Wald
on 1/29/2010 - read this comment
Jay Thomas, grab it and run. Couldn't agree with you more Edgar. As each lender changes their policies, procedures forms, etc.. and how they want each document and file uploaded, it makes far to cumbersome...
Jay Thomas
on 1/29/2010 - read this comment
I would like to first give a big thumbs up to you guys for doing a great job. I have been following your posts for a couple months now and its just great. I have been slowly turning from a no-one to somewhat...
Edgar
on 1/29/2010 - read this comment
Thanks AQ....now seeing 101-03 and will we break 3.600 on the 10s??? Michael C. this is for you: that was the most over bloated GDP number in recent memory. Strip out government spending and inventory...

Mortgage News Daily


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Thursday, January 28, 2010

HAMP Guidelines Updated to Improve Loan Modification Conversion Rate

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
The program has enrolled over 850,000 homeowners who are seriously delinquent in their mortgage payments in a trial modification period but has encountered... - MND NewsWire
In the week ending January 27, 2010, the Federal Reserve purchased a total of $12.50 billion agency MBS. In those five days the Federal Reserve sold $500... - MND NewsWire
I have been advising LOCK all week. If you locked, way to go! Good timing. If you did not lock, we have some deep thinking to do. I think the easiest... - Mortgage Rate Watch
jeffer90576
MBS Quotes
FNMA 4.0 97-20 -0-01
FNMA 4.5 100-27 0-03
FNMA 5.0 103-26 0-03
FNMA 5.5 105-26 0-04
FNMA 6.0 106-25 0-02
Updated: 1/28/10 4:34 PM
Treasuries
3 MO 0.0800 0.0000
2 YR 0.8700 -0.0300
5 YR 2.4100 -0.0200
10 YR 3.6800 0.0200
30 YR 4.5700 0.0200
Updated: 1/28/10 5:43 PM
Mortgage Rates
30 Yr FRM 4.98 0.02
15 Yr FRM 4.31 0.01
FHA 30 Year 5.17 0.02
Jumbo 30 Year 6.38 0.01
5/1 Yr ARM 4.18 -0.01
Updated: 1/28/10 6:07 PM
Latest Video      
View:All Videos
Waiting on Senate Vote on Bernanke
1/28/2010
An update on where the tally stands, with CNBC's John Harwood & Steve Liesman.
Realty Check Update
1/28/2010
An update on the housing market, with CNBC's Diana Olick.
Foreclosure Problems Spread
1/28/2010
Foreclosures continue to surge in the hardest-hit areas of the housing market, and the problems are spreading. CNBC's Diana Olick has the details.

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Recent Comments
Rob Fleming
on 1/28/2010 - read this comment
I am hopeful about Obama's comments last night. On one hand, I agree w/Edgar- loosening on DTI's and credit scores may not be coming(I would think we would see credit score loosening first- if...
Michael Cromwell
on 1/28/2010 - read this comment
FHA is already taking all the risk & trouble awaits. There's too much instability in the mortgage/housing market for MI to work currently. I don't want to get too political here, but I have...
Andy Pada
on 1/28/2010 - read this comment
Edgar, I agree with you that there is going to be change in institutions based on risk. Your conclusion indicates that MI companies will begone. If all high ltv loans will be go to FHA, there will be no...
Bobby Downey
on 1/28/2010 - read this comment
Do away with MI and just build the risk into the rate and be done with it.....LPMI for anything over 80% and let the lender assume the risk...

Mortgage News Daily


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