Tuesday, August 3, 2010

WSJ: Fed Considering Resumption of MBS Purchase Program. MND Retorts

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
The WSJ published a story today implying the Federal Reserve was considering the idea of reinvesting MBS prepays back into new production TBA MBS. Read... - MBS Commentary
Two months after the tax credit expired, the national housing market is stagnate near record low levels of activity. Jobs were the issue before the tax... - MND NewsWire
FHA Changes on the Horizon; Cross Selling Mortgages to Banking Clients; Failed MBS Trades; "Credit Repair" Fraud Case Settled; - Pipeline Press
jeffer90576
MBS Quotes
FNMA 4.0 102-12 0-07
FNMA 4.5 104-20 0-09
FNMA 5.0 106-23 0-08
FNMA 5.5 107-28 0-05
FNMA 6.0 108-27 0-03
Updated: 8/3/10 4:29 PM
Treasuries
3 MO 0.1600 0.0200
2 YR 0.5300 -0.0239
5 YR 1.5500 -0.0855
10 YR 2.9400 -0.0209
30 YR 4.0400 -0.0219
Updated: 8/3/10 5:41 PM
Mortgage Rates
30 Yr FRM 4.52 -0.06
15 Yr FRM 3.93 -0.03
FHA 30 Year 4.58 -0.04
Jumbo 30 Year 5.90 -0.06
5/1 Yr ARM 3.56 -0.03
Updated: 8/3/10 3:54 PM
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Recent Comments
Adam Quinones
on 8/3/2010 - read this comment
Below average volume across the board with another increase in loan supply from originators. Supply focused in 4.0s and 4.5s. PLUS: similar to Friday there was a modest increase in 3.5 origination. 3.5s...
Steven Bote
on 8/3/2010 - read this comment
AQ--what was volume like today?
Edgar
on 8/3/2010 - read this comment
JW-Agree...not sure about September but 100% agree they will go back to dishing out the crack this country needs (low rates). The day we see 4.00% 1 point (LO) loans is the day I see this really blowing...
mdeery
on 8/3/2010 - read this comment
I am seeing a lot more 4.25% rates with decent rebate available for best qualified buyers..great refinance opportunity for those who refinanced clients at the lows of 2009 ( 4.875)..many borrowers will...

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