Wednesday, July 7, 2010

Refinance Apps Increase. Originators Work in Highly Competitive Environment

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
Is the rise in the refi index a factor of new borrowers entering the refi market or is it a factor of borrowers re-locking at another lender for a lower... - MND NewsWire
The Future of Rate Sheets; Mortgage Industry News That Isn't Pessimistic; High Opportunity Cost Investing - Pipeline Press
Stocks started the session today trading slightly in the red, which helped keep benchmark bond yields low and allowed lenders to improve mortgage rates... - Mortgage Rate Watch
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MBS Quotes
FNMA 4.0 101-16 -0-04
FNMA 4.5 103-25 -0-04
FNMA 5.0 105-30 -0-01
FNMA 5.5 107-13 -0-03
FNMA 6.0 108-17 0-01
Updated: 7/7/10 4:30 PM
Treasuries
3 MO 0.1600 -0.0003
2 YR 0.6300 0.0209
5 YR 1.7900 0.0335
10 YR 3.0000 0.0698
30 YR 3.9600 0.0700
Updated: 7/7/10 5:41 PM
Mortgage Rates
30 Yr FRM 4.62 -0.01
15 Yr FRM 3.98 -0.01
FHA 30 Year 4.61 -0.02
Jumbo 30 Year 6.02 -0.03
5/1 Yr ARM 3.54 0.02
Updated: 7/7/10 5:04 PM
Latest Video      
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Central Banks Trading Gold for Cash
7/7/2010
Central Banks are exchanging their gold to the Bank of International Settlements at a record rate. Bart Melek, of BMO Capital Markets, adn Tom Pawlicki...
Geithner Shares Economic Outlook
7/7/2010
Treasury Secretary Timothy Geithner shares his economic outlook and discusses trade with CNBC's Larry Kudlow. David Winston, of The Winston Group,...
Fed's Fisher on FinReg
7/7/2010
CNBC's Steve Liesman goes one-on-one with Dallas Federal Reserve President Richard Fisher. Lee Hoskins, a former Cleveland Federal Reserve president...

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Recent Comments
Adam Quinones
on 7/7/2010 - read this comment
read this Scott: http://www.mortgagenewsdaily.com/mortgage_rates/blog/161132.aspx
Scott Schultheis
on 7/7/2010 - read this comment
It's funny how fast we reprice worse vs. better.
JTB
on 7/6/2010 - read this comment
What resets, John? Most banks have modified all the Option ARMs (my understanding is they were the must sought after loan to modify anyway) and ARMs, amazingly can adjust downward not only up. Sarcasm...
Owl Tree
on 7/6/2010 - read this comment
The fact that mortgage rates have decreased since the end of the Treasury Dept. 161489.25 Trillion purchase program has been extremely encouraging; the fear of rate increases was very real. The last thing...

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