Wednesday, June 2, 2010

Purchase Demand In Freefall. Housing Industry Unraveling

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
With another week of historically low mortgage rates, the trend from the prior three weeks continued, as refinance applications increased while purchase... - MND NewsWire
A Federal Reserve economist told an audience recently that housing finance reform, driven by the necessity of resolving the Freddie/Fannie situation, will... - MND NewsWire
April data is fine and dandy but it was expected that housing demand would improve as homebuyers rushed to take advantage of the tax credit before it expired... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 99-05 -0-05
FNMA 4.5 102-04 -0-01
FNMA 5.0 104-27 0-01
FNMA 5.5 106-31 0-07
FNMA 6.0 107-28 0-02
Updated: 6/2/10 4:38 PM
Treasuries
3 MO 0.1600 0.0140
2 YR 0.8200 0.0542
5 YR 2.1400 0.0845
10 YR 3.3500 0.0909
30 YR 4.2400 0.0610
Updated: 6/2/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.83 -0.01
15 Yr FRM 4.12 0.00
FHA 30 Year 4.85 -0.01
Jumbo 30 Year 6.41 0.00
5/1 Yr ARM 3.82 0.01
Updated: 6/2/10 5:46 PM
Latest Video      
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Mind the GAAP
6/2/2010
Minding the earnings GAAP has been a long-fought battle on Wall Street, with CNBC's Herb Greenberg.
Walk Away Worry Free?
6/2/2010
Discussing whether a homeowner walking away from an underwater mortgage is a smart business decision, with Shari Olefson, Fowler White Boggs and Chad Ruyle...
Are Ratings Agencies Relevant?
6/2/2010
Insight on the FCIC hearing on the rating agencies, with Bill Gross, PIMCO.

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Recent Comments
Frank Ceizyk
on 6/2/2010 - read this comment
HVCC + RESPA 2010 + Failed HAMP + ridiculous LLPAs on the pricing grid + no inspired leadership anywhere in the housing industry + current potential leaders too afraid to shake up the status quo with an...
John Deyber
on 6/2/2010 - read this comment
I have been feeling like you Bobby...and not just a little cynical. For over a year I have predicted a par rate of 4% in order to be able to really push this busted up super tanker of an economy around...
Bobby Downey
on 6/2/2010 - read this comment
I have been a little out of whack these last few days so my posts have been a a bit on the cynical side but in your opinion AQ am I wrong to think that one of two things will have to happen in the near...
Adam Quinones
on 6/2/2010 - read this comment
yeh but those forex charts make me really nervous about more room to the downside...if 10s close below 3.17% we could be in for a run lower in yields. It's wide open at the moment...either way I dont...

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