Saturday, July 31, 2010

MORTGAGE RATES: Best Lock/Float Advice MND Can Offer

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
ALERT: There are some lenders out there, if the APP--to-->CLOSING process is flawless, where a borrower could close at 4.25% right now, without paying... - Mortgage Rate Watch
Rapid Refinance Program:Don't Bet On It; Mortgage Insurers Extend Losing Streak; More Discussion on Investor Overlays - Pipeline Press
The dormant USDA Section 502 rural housing program was revived by Congress yesterday and a House committee approved a bill to encourage owners of HUD and... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 102-11 0-02
FNMA 4.5 104-19 0-05
FNMA 5.0 106-19 0-03
FNMA 5.5 107-21 -0-06
FNMA 6.0 108-17 -0-09
Updated: 7/30/10 4:28 PM
Treasuries
3 MO 0.1400 -0.0100
2 YR 0.5461 -0.0439
5 YR 1.5964 -0.1036
10 YR 2.9052 -0.1248
30 YR 3.9881 -0.0919
Updated: 7/30/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.55 -0.05
15 Yr FRM 3.94 -0.05
FHA 30 Year 4.59 -0.03
Jumbo 30 Year 5.95 -0.06
5/1 Yr ARM 3.59 -0.03
Updated: 7/30/10 6:38 PM
Latest Video      
View:All Videos
Anthony Sanders Discusses Regulation of Fannie, Freddie: Video
7/30/2010
July 30 (Bloomberg) -- Anthony Sanders, finance professor at George Washington University, talks with Bloomberg's Lori Rothman about the regulation...
Time to Rethink Tax Hikes?
7/30/2010
Insight on whether now is the time for President Obama to scrap the idea of tax hikes on wealthy Americans, with Greg Valliere, Potomac Research Group...
Bonds Boom Has Legs?
7/30/2010
Why people are buying bonds, with Dan Fuss, Loomis Sayles Bond Fund.

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Recent Comments
Phil Dumouchel
on 7/30/2010 - read this comment
Great "value added" piece. Potential refi customer called today with quote from on-line (big name) at 4.125 with 1% - but their fees were nearly 0.25 point extra, so there it is...
Jason Harris
on 7/30/2010 - read this comment
Is the property eligible for Homepath? If so they probably figure they can find a buyer going that route instead of fixing the septic. If not maybe a 203K reno would work?
Mark H
on 7/30/2010 - read this comment
Here is a story on just one of the problems with this real estate mess. I just had Fannie cancel a purchase because they are unwilling to make the necessary repairs to the septic. Can someone please help...
eric lieu
on 7/30/2010 - read this comment
I've seen variants of the good file delivery document and that's not the issue. The real issue is the follow up and enforcement of the good file delivery. That's the hard part. We're in...

Mortgage News Daily


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Thursday, July 29, 2010

America Has a "Home Problem" - Vacancy Rate Near Historic High

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
The Census Department released its survey of Residential Vacancies and Homeownership for the second quarter of 2010 which indicated that vacancies of both... - MND NewsWire
I suppose the first step of this scenario coming true is the "double-dip". Some folks say the deflationary spiral has already taken hold, others... - Mortgage Rate Watch
The Administration has begun to telegraph its intentions to move forward with reforms of the housing finance system. A conference will be held next month... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 102-07 0-06
FNMA 4.5 104-16 0-09
FNMA 5.0 106-18 0-06
FNMA 5.5 107-28 0-05
FNMA 6.0 108-28 0-02
Updated: 7/29/10 4:30 PM
Treasuries
3 MO 0.1500 0.0000
2 YR 0.5900 -0.0200
5 YR 1.7000 -0.0500
10 YR 3.0300 0.0000
30 YR 4.0800 0.0100
Updated: 7/29/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.60 -0.03
15 Yr FRM 3.99 -0.04
FHA 30 Year 4.62 -0.03
Jumbo 30 Year 6.01 -0.03
5/1 Yr ARM 3.62 -0.04
Updated: 7/29/10 2:25 PM
Latest Video      
View:All Videos
Barney Frank Reaction
7/29/2010
Reacting to Barney Frank's comments on financial reform with Phillip Swagel, a business professor at Georgetown, and CNBC's John Harwood.
RealtyTrac Sees `Slim Chances' of Recovery for U.S. Housing: Video
7/29/2010
July 29 (Bloomberg) -- Rick Sharga talks with Bloomberg's Mark Crumpton about U.S. foreclosure filings. Foreclosures climbed in three-quarters of U...
Fed's Bullard Compares US to Japan
7/29/2010
Michael Ryan, head of UBS Wealth Management Research, reacts to Bullard's comments and tells CNBC he's neutral on the markets.

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Recent Comments
Larry Gray
on 7/29/2010 - read this comment
Even lower rate/pricing...that is great as long as it increases purchases of homes! All lenders need to put purchases loans at the head of the line over all refinance loans. Some lenders, believe or not...
Edgar
on 7/29/2010 - read this comment
My concern about rates going lower is turn times....other than the price leader most of our lenders are at 1-2 weeks and one is at 4 weeks. I am hearing that the last 2 weeks a ton of submission have been...
Amy Tierce
on 7/29/2010 - read this comment
Great commentary AQ. I beleive that the next step would be to create a true streamline refinance. If a borrower with a 60 back end ratio has a perfect payment history, excellent credit and reserves they...
Frank Ceizyk
on 7/28/2010 - read this comment
I vote for what AQ said: With that in mind, we have to start thinking about the idea of another attempt at HARP & DU REFI PLUS. Or maybe just get rid of the LLPAs for LTVs up to 125%, and you'll...

Mortgage News Daily


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