Wednesday, January 6, 2010

FOMC Hints at MBS Purchase Program Extension. GSE Reform is Real Issue

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
he focus on the Fed's involvement in the mortgage market has cast a dark shadow over GSE REFORM. I think its time we start discussing HOW TO GET THE... - MND NewsWire
We recently reviewed a company that had a pretty good prefunding quality control process. Every loan is audited before funding. Based on what we've seen... - Community Commentary
Mortgage rates made modest improvements yesterday thanks to a rally in benchmark Treasuries and mortgage backed securities. The extension of the Monday... - Mortgage Rate Watch
jeffer90576
MBS Quotes
FNMA 4.0 97-12 -0-07
FNMA 4.5 100-11 -0-08
FNMA 5.0 103-01 -0-07
FNMA 5.5 105-04 0-00
FNMA 6.0 106-12 0-03
Updated: 1/6/10 4:31 PM
Treasuries
3 MO 0.0558 -0.0042
2 YR 1.1356 -0.0044
5 YR 2.6789 -0.0112
10 YR 3.8350 -0.0150
30 YR 4.6281 -0.0019
Updated: 1/6/10 5:50 PM
Mortgage Rates
30 Yr FRM 5.05 0.03
15 Yr FRM 4.33 0.04
FHA 30 Year 5.28 0.05
Jumbo 30 Year 6.30 0.03
5/1 Yr ARM 4.24 0.04
Updated: 1/6/10 12:37 PM
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Recent Comments
Edgar
on 1/6/2010 - read this comment
The new GFE is different and still learning. Chris the transfer tax is a killer, and second if it is a purchase (still working on nailing down refi's) how do we quote title/escrow fees? In California...
Chris McDonald
on 1/6/2010 - read this comment
That is certainly the way i'm trying to look at it as well Ray (knocking out the competition). I have done a few since we typically lock in upfront as opposed to initiating the application process...
Adam Quinones
on 1/6/2010 - read this comment
I am still trying to figure out how the Fed will handle paying interest on all those excess reserves banks are holding. They better get those reverse repos going at the right time...this is a tight rope...
Marty Sonke
on 1/6/2010 - read this comment
I think anyone, including FED governors that think there is a real threat to inflation tells me that they don't understand this recession at all. This is a balance sheet recession and the last time...

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