Wednesday, April 7, 2010

Refi Apps Plummet While Purchase Demand Holds Steady

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Refinance application volume dropped as mortgage rates reached their highest level since August 2009. Purchase volume was essentially unchanged relative... - MND NewsWire
"Today the financial crisis looks to be mostly behind us, and the economy seems to have stabilized and is beginning to grow again. But we are far... - MND NewsWire
Production profits among independent mortgage bankers and their subsidiaries dipped slightly during the fourth quarter of 2009 according to survey results... - MND NewsWire
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MBS Quotes
FNMA 4.0 96-27 0-24
FNMA 4.5 100-04 0-20
FNMA 5.0 102-29 0-13
FNMA 5.5 105-02 0-09
FNMA 6.0 106-03 0-11
Updated: 4/7/10 4:29 PM
Treasuries
3 MO 0.1700 0.0000
2 YR 1.0600 -0.0800
5 YR 2.6200 -0.0900
10 YR 3.8900 -0.0900
30 YR 4.7400 -0.1000
Updated: 4/7/10 5:40 PM
Mortgage Rates
30 Yr FRM 5.05 -0.03
15 Yr FRM 4.36 -0.02
FHA 30 Year 5.26 -0.03
Jumbo 30 Year 6.61 -0.01
5/1 Yr ARM 4.11 -0.03
Updated: 4/7/10 5:52 PM
Latest Video      
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"Skin in the Game"
4/7/2010
Discussing a new development today to strengthen financial regulation, with CNBC's Hampton Pearson.
Greenspan Blames Sub-Prime Mortgages
4/7/2010
Former Fed Chairman Alan Greenspan denied that the U.S. central bank helped inflate housing prices. Courtesy Reuters.
Bernanke in Dallas
4/7/2010
Discussing Fed chief Bernanke's comments on the economic challenges faced by the U.S., with CNBC's Bertha Coombs.

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Recent Comments
Brandon S.
on 4/7/2010 - read this comment
"This is down from 83 percent who viewed homeownership as a safer investment than a bank account in 2003." At least we are becoming less stupid... "53 percent, however, feel that homeowners...
Tory Pietzsch
on 4/7/2010 - read this comment
Foreclosures and short sales will continue to put pressure on home prices for some time to come as inventories are depleted and new defaults are processed. While most American's believe home prices...
Mark Auh
on 4/7/2010 - read this comment
I agree with JOHO. Floating a pipeline is like trading naked options. Huge swings up and down on a daily basis.
Greg Smith
on 4/7/2010 - read this comment
Any way you shovel it it's still (Pelosi)crap! I'm sorry that a small percentage of people bought their homes at "the wrong time." Pelosi happens! I'm sorry some good people overextended...

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