Thursday, September 30, 2010

Distressed Properties Account for 24% of Home Sales in Q2 2010

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According to the 2nd Quarter RealtyTrac Sales Report issued this morning, sales of homes in the process of pre-foreclosure or out of lenders real estate... - MND NewsWire
Industry evolutions over the past 5 years cemented the growing requirement for loan level reviews of collateral before warehouse lenders would release... - The Garrett Watts Report
H.R. 3081: Making Continuing Appropriations for Fiscal Year 2011, and For Other Purposes, passed the House of Representatives this morning. Buried in that... - MND NewsWire
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MBS Quotes
FNMA 4.0 102-27 0-03
FNMA 4.5 104-07 0-04
FNMA 5.0 105-11 0-03
FNMA 5.5 106-11 0-03
FNMA 6.0 107-12 0-01
Updated: 9/30/10 4:31 PM
Treasuries
3 MO 0.1600 0.0000
2 YR 0.4200 -0.0200
5 YR 1.2700 -0.0100
10 YR 2.5300 0.0100
30 YR 3.6900 0.0000
Updated: 9/30/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.34 0.02
15 Yr FRM 3.72 0.01
FHA 30 Year 4.36 0.00
Jumbo 30 Year 5.54 0.02
5/1 Yr ARM 3.55 0.00
Updated: 9/30/10 6:13 PM
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Recent Comments
John White
on 9/30/2010 - read this comment
30 yr at 4%? I would take that action.
D Thompson
on 9/30/2010 - read this comment
streamlining my 30yr fha and wondering if i should hold off for a little before locking. currently looking at 4.0 costing .625 pts. had my wife a least get the case number so as not to have to pay more...
Kent Taylor
on 9/30/2010 - read this comment
Can I recast my vote on purchase demand poll? :) I was wrong - the last 2-3 weeks has been pretty slow. And we are told that our local economy in N Texas has added 30,000 jobs since late August. - Renters...
mdeery
on 9/29/2010 - read this comment
I would say 1 in 3 of my existing clients are all for refinancing from 4.875% to 4.25% with no points, a total cost analysis shows the long term benefits are well worth it. I would say half of them dont...

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