Thursday, July 22, 2010

Existing Home Inventory Climbs. Several Issues Strain Buyer Demand

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
Nothing has changed since last year, the tax credit just covered up structural weakness at the core of housing demand. - MND NewsWire
The housing crisis has revealed many things about our finance system. It lacked proper oversight, auditability, transparency, and incentives to do the... - Voice of Housing
Uncertainty is the only certainty and short-term tactical (non-committal) biases determine directionality. It's still a trader's world and we're... - MBS Commentary
jeffer90576
MBS Quotes
FNMA 4.0 102-00 -0-03
FNMA 4.5 104-01 -0-02
FNMA 5.0 106-07 0-00
FNMA 5.5 107-19 -0-01
FNMA 6.0 108-26 0-03
Updated: 7/22/10 4:32 PM
Treasuries
3 MO 0.1600 0.0000
2 YR 0.6000 0.0200
5 YR 1.6900 0.0300
10 YR 2.9600 0.0600
30 YR 3.9500 0.0600
Updated: 7/22/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.66 -0.03
15 Yr FRM 4.05 -0.03
FHA 30 Year 4.67 -0.03
Jumbo 30 Year 6.08 -0.02
5/1 Yr ARM 3.66 -0.04
Updated: 7/22/10 4:53 PM
Latest Video      
View:All Videos
Much Ado About Nothing?
7/22/2010
Wall Street is complaining about FinReg's impact on ABS market, with the Strategy Session team and Christopher Whalen, Institutional Risk Analytics...
June Existing Home Sales Down 5.1%
7/22/2010
CNBC's Diana Olick analyzes the latest housing data.
Stockton, CA: Epicenter of Housing Quake
7/22/2010
A look at the housing market in Stockton, Calif., the epicenter of the foreclosure crisis, with CNBC's Jane Wells.

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Recent Comments
Adam Quinones
on 7/22/2010 - read this comment
that is exactly why Scott. I show the September coupon bc those are the indications taken by secondary to build loan pricing.
Scott Maycumber
on 7/22/2010 - read this comment
Ok, Adam, I'm sure you've already explained this, but for the benefit of us slow and hard of hearing folks, can you explain why the 4.0 coupon above does not match what the 4.0 coupon shows on...
nick mollgaard
on 7/22/2010 - read this comment
Impressive that every single company, without exception so far in 3 weeks, reports profits and "beat expectations" on another in an endless string of days including negative reports on the economy...
memailbox
on 7/22/2010 - read this comment
AQ, Great stuff as usual. Probably a answer belonging in Mortgage Rates Blog, but, to answer, YES. I know you frown upon the statement of transferring loans to performers, but, the fact is Clients want...

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