Saturday, May 15, 2010

Mortgage Rates End Week at New 2010 Lows

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
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For whatever reason, which fundamental and technical can be offered, stocks sold off today. The S&P was down 2.01% to 1135.80 and the Dow fell 1.50... - Mortgage Rate Watch
The Acting Director of FHFA told a senate committee on Monday that forcing the GSEs and FHLBanks to participate in the proposed Financial Recovery Fee... - MND NewsWire
Rate sheets were a bit delayed this morning as lenders scrambled to figure out what percentage of their pipeline would need float downs today. The general... - MBS Commentary
jeffer90576
MBS Quotes
FNMA 4.0 98-24 0-14
FNMA 4.5 101-20 0-13
FNMA 5.0 104-12 0-11
FNMA 5.5 106-07 0-04
FNMA 6.0 107-16 0-06
Updated: 5/14/10 4:30 PM
Treasuries
3 MO 0.1600 0.0000
2 YR 0.7900 -0.0800
5 YR 2.1600 -0.1100
10 YR 3.4400 -0.1100
30 YR 4.3200 -0.1500
Updated: 5/14/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.84 -0.05
15 Yr FRM 4.15 -0.06
FHA 30 Year 4.90 -0.05
Jumbo 30 Year 6.38 -0.04
5/1 Yr ARM 3.88 -0.03
Updated: 5/14/10 6:49 PM
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Recent Comments
Ralph Meyers
on 5/14/2010 - read this comment
I believe you could do a changed circumstance GFE for that, you're supposed to it for a rate lock (if floating originally) or lock extension. And talk about dealing with double dippers and the "education"...
Adam Quinones
on 5/14/2010 - read this comment
I see both sides of the story. Frank is playing devil's advocate. Capitol Hill thinks we are "whining" about not getting paid enough. What they don't realize is mortgages are a commission...
Jason Harris
on 5/14/2010 - read this comment
We really need an industry wide effort to get some real skin in the game for clients who lock...it would help everyone in our industry become more educated about lock decisions and would probably lead...
John Rodgers
on 5/14/2010 - read this comment
Frank--there is no example because no firm would do the loan. You would have to go into the red just to close the deal.

Mortgage News Daily


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