Thursday, September 23, 2010

Existing Home Sales Improve from Record Low. "Subpar" Activity Expected

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
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Lawrence Yun, NAR chief economist, said home sales still remain subpar. "The housing market is trying to recover on its own power without the home buyer... - MND NewsWire
The President has announced a list of proposed measures designed to spur the economy and promote job growth. One idea is to set up a centralized bank... - Voice of Housing
How is it that a small mortgage banker is able to fund 100% of their production through a mortgage bank and pay only 40% commission to its loan officers... - The Garrett Watts Report
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MBS Quotes
FNMA 4.0 102-26 -0-04
FNMA 4.5 104-11 -0-01
FNMA 5.0 105-14 -0-02
FNMA 5.5 106-12 -0-01
FNMA 6.0 107-13 0-00
Updated: 9/23/10 4:30 PM
Treasuries
3 MO 0.1600 0.0000
2 YR 0.4500 0.0100
5 YR 1.3400 0.0100
10 YR 2.5600 0.0000
30 YR 3.7300 -0.0100
Updated: 9/23/10 5:50 PM
Mortgage Rates
30 Yr FRM 4.35 0.02
15 Yr FRM 3.76 0.01
FHA 30 Year 4.39 0.03
Jumbo 30 Year 5.56 0.00
5/1 Yr ARM 3.61 0.02
Updated: 9/23/10 6:12 PM
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Recent Comments
Andy Pada
on 9/23/2010 - read this comment
Doesn't this model run afoul of the new FinReg loan officer compensation requirements? Additionally, doesn't this practice have some possible regulatory concerns, e.g., a loan officer locks in...
Mark H
on 9/23/2010 - read this comment
It seems like a long time since I locked on the right day, but did so yesterday!! Thanks for the insight. Getting reprices even from our investor that rarely reprices.
Jimmie
on 9/23/2010 - read this comment
One thing that would help with refi espically this time of year is the cost of setting up a new escrow account. If the lender could be required to transfer the escrow account to the new lender this would...
Bryan/Mortgage Finance Group, Inc.
on 9/22/2010 - read this comment
People have either successfully refinanced (and are gun shy to get involved in what has become just a horrible process), or their property doesn't qualify or they don't qualify because of the tighter...

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