Wednesday, August 25, 2010

Lenders Still in Limbo after USDA Rural Housing Issues Funding Update

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Top Stories      
Single Family Housing Guaranteed Loan Program Funding Notice - MND NewsWire
Three months after the home buyer tax credit expired, housing is stagnant. This should come as no surprise to folks working in the industry. Most prospective... - MND NewsWire
"The volume of refi applications last week was up 26% over their level four weeks ago. Mortgage rates dropped to their lowest level in the survey... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 102-27 -0-03
FNMA 4.5 104-16 -0-01
FNMA 5.0 105-29 0-01
FNMA 5.5 106-26 0-05
FNMA 6.0 107-20 0-05
Updated: 8/25/10 4:27 PM
Treasuries
3 MO 0.1600 0.0000
2 YR 0.5300 0.0300
5 YR 1.4000 0.0400
10 YR 2.5400 0.0400
30 YR 3.5900 0.0200
Updated: 8/25/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.32 0.01
15 Yr FRM 3.73 -0.01
FHA 30 Year 4.39 -0.01
Jumbo 30 Year 5.56 -0.02
5/1 Yr ARM 3.45 0.00
Updated: 8/25/10 5:29 PM
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Debt Dilemma: Credit Cards or Mortgage?
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Are we creating a system that gives people an incentive to stop paying their mortgages in favor of paying their credit cards? Bill Cheney, of the Credit...
Toll Bros CEO on New Homes Market
8/25/2010
Toll Brothers CEO Douglas Yearly discusses the latest disappointing housing data, his company's earnings results and the road ahead for his Toll Brothers...
Bill Gross on Bonds, Stocks & Housing
8/25/2010
Bill Gross, founder of Pimco, shares his outlook on stocks, bonds and the housing market.

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Recent Comments
Jeff Anderson
on 8/25/2010 - read this comment
I'm totally convinced that Wall St is completely in it's own world. Terrible, terrible data today and the market has turned around to the....POSITIVE? Really? I feel like I ask this everyday, but...
Bryan/Mortgage Finance Group, Inc.
on 8/25/2010 - read this comment
Lots of re-prices for the worse coming across the wires.
Adam Quinones
on 8/25/2010 - read this comment
duration is distorted and negative convexity is an illusion. Hedging a FNCL 4.0 against 5yr paper is a joke.
Gary Powell
on 8/24/2010 - read this comment
I'm not reading a lot into the increase in median home prices. I think that is largely due to the decrease in percentage of first time buyer deals. Fewer low price deals means an upward moving price...

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