Sunday, June 13, 2010

Dip In Building Materials Spending Leads Retail Sales Lower

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Top Stories      
Stocks are lower and bonds are better after the U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for May... - MBS Commentary
The market is still acting non-committal, the biggest difference is open interest is way lower in both stock futures and 10yr TSY futures. One of these... - MBS Commentary
Due to the greater economic woes and increasing unemployment numbers, more Americans are being forced to live within or below their means to save money... - Voice of Housing
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MBS Quotes
FNMA 4.0 99-21 0-02
FNMA 4.5 102-17 0-03
FNMA 5.0 105-05 -0-01
FNMA 5.5 106-28 -0-04
FNMA 6.0 107-28 -0-01
Updated: 6/11/10 4:35 PM
Treasuries
3 MO 0.0800 -0.0200
2 YR 0.7500 -0.0400
5 YR 2.0300 -0.0900
10 YR 3.2400 -0.0900
30 YR 4.1500 -0.1000
Updated: 6/12/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.75 0.02
15 Yr FRM 4.06 0.02
FHA 30 Year 4.80 0.01
Jumbo 30 Year 6.36 0.01
5/1 Yr ARM 3.72 0.01
Updated: 6/11/10 5:56 PM
Latest Video      
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ESPN's Big Bet on Soccer
6/11/2010
The sports channel is going all out for the World Cup, reports CNBC's Darren Rovell.
Crescenzi Says U.S. Treasuries Show `Tension' on Economy: Video
6/11/2010
June 11 (Bloomberg) -- Anthony Crescenzi, senior vice president and market strategist at Pacific Investment Management Co., talks with Bloomberg's...
Shiller Sees `Significant' Double-Dip Recession Chance: Video
6/11/2010
June 11 (Bloomberg) -- Robert Shiller, an economics professor at Yale University and chief economist at MacroMarkets LLC, talks with Bloomberg's Julie...

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Recent Comments
Steve Rassin
on 6/11/2010 - read this comment
I don't think we'll see a full increase in the monthly premium for all borrowers. I agree that the FICO matrix will be re-worked and the lower credit score borrowers may not be able to purchase...
Owl Tree
on 6/11/2010 - read this comment
I wonder if the bond/stock markets have appropriately baked in the financial hit from the BP spill. On MSNBC, their headline crawler indicated that Florida alone could lose 195,000 jobs as a result of...
Bobby Downey
on 6/11/2010 - read this comment
Not sure what to think about this yet. Seems like it would drive the cream of th crop FHA borrower into another product and relegate it to what it was five years ago and that is a last ditch loan. Something...
David Flohr
on 6/11/2010 - read this comment
I believe FHA is planning to reduce the upfront fee and raise the monthly premium to something less than the ceiling approved in the legislation. FHA leadership does not want all this business they are...

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