Monday, April 5, 2010

Pending Home Sales Confirm Rising Buyer Demand

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The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90... - MND NewsWire
The reverse mortgage industry started out as a fulfiller of dreams to the greatest generation. For its first 17 years of existence, regulators outside... - Community Commentary
The week ahead is fairly light on economic data with the highest impacting events coming starting on Tuesday with the release of the minutes of the most... - Mortgage Rate Watch
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MBS Quotes
FNMA 4.0 95-24 -0-14
FNMA 4.5 99-06 -0-09
FNMA 5.0 102-08 -0-06
FNMA 5.5 104-18 -0-12
FNMA 6.0 105-19 -0-09
Updated: 4/5/10 4:29 PM
Treasuries
3 MO 0.1572 -0.0028
2 YR 1.1680 0.0580
5 YR 2.7363 0.0663
10 YR 3.9878 0.0278
30 YR 4.8365 0.0265
Updated: 4/5/10 4:35 PM
Mortgage Rates
30 Yr FRM 5.11 0.02
15 Yr FRM 4.39 0.03
FHA 30 Year 5.31 0.03
Jumbo 30 Year 6.64 0.02
5/1 Yr ARM 4.14 0.02
Updated: 4/5/10 4:34 PM
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Recent Comments
Marty Sonke
on 4/2/2010 - read this comment
@Walter I think you are missing the point. Without jobs, who is going to be doing purchase business with you? I realize that it is fun to think in fantasy land but seriously who are you trying to kid....
BOB NOONAN
on 4/1/2010 - read this comment
I am back to locking everything as it comes in, need to sleep for a couple of weeks.
Anthony Young
on 4/1/2010 - read this comment
6 loans locked, 1 floating. On the loan floating I probably will have to make up 120 BPS at least for the loan to be profitable. Played safe on 6 loans, swung for the fences on the 7th and it looks like...
Adam Dahill
on 4/1/2010 - read this comment
All files in process are locked. Have 5 packages out that are floating. Clients take their sweet time sending back docs can't complain since they would have wasted 20+ days of ratelock anyway. I'm...

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