Tuesday, April 13, 2010

Profits Booked Ahead of Bernanke. How Fed Rhetoric Can Affect Mortgage Rates

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
If Ben's tight rope walk is balanced and the short-end of the yield curve rallies as a result, it sure would make it a heck of a lot easier for the... - MBS Commentary
Hearings on Subprime Lending and Securitization and Government-Sponsored Enterprises," were conducted last week by the Financial Crisis Inquiry Commission... - MND NewsWire
We almost never see mortgage bankers doing formal, ongoing due diligence on their counter-party risk, and it always concerns us. The point of looking at... - The Garrett Watts Report
jeffer90576
MBS Quotes
FNMA 4.0 97-07 0-03
FNMA 4.5 100-10 0-03
FNMA 5.0 103-00 0-00
FNMA 5.5 105-02 -0-02
FNMA 6.0 106-21 -0-03
Updated: 4/13/10 4:32 PM
Treasuries
3 MO 0.1600 0.0251
2 YR 1.0700 0.0378
5 YR 2.5800 -0.0076
10 YR 3.8400 -0.0017
30 YR 4.6800 -0.0161
Updated: 4/13/10 5:41 PM
Mortgage Rates
30 Yr FRM 4.98 -0.01
15 Yr FRM 4.33 0.00
FHA 30 Year 5.19 -0.03
Jumbo 30 Year 6.56 -0.02
5/1 Yr ARM 4.09 -0.01
Updated: 4/13/10 7:51 PM
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Discussing signs of bottom in commerical real estate, with Quintin Primo, Capri Capital co-founder, chairman & CEO.
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A U.S. Senate panel is pointing the finger at collapsed bank Washington Mutual, with CNBC's Mary Thompson.

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Recent Comments
Adam Quinones
on 4/13/2010 - read this comment
I dont think I heard much of anything "new"...mostly angry finger pointing and irrelevant question asking. YES we already know that borrowers were able to get loans without documentation, bad...
Helen Fields
on 4/13/2010 - read this comment
Thanks to Adam's update, I locked a nice 5/1 ARM before leaving for lunch meeting. I am happy and so is my borrower!
Bryan/Mortgage Finance Group, Inc.
on 4/13/2010 - read this comment
Went to lock one with Flagstar, and they re-priced .25bps worse before I could hit send - still better pricing than yesterday's pm rates, and MUCH better than last Friday's AM, so I'm not complaining...
Steven Gillan
on 4/13/2010 - read this comment
It is amazing that SIGTARP is just making these recommendations now. The problems mentioned have been going on since the start of the program. HAMP could be a good program if it is implemented properly...

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