Wednesday, September 22, 2010

Fannie Mae First Look Program Draws in Thousands of REO Buyers

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Owner occupants and public groups using NSP funds have purchased 29,000 homes over the past year through a Fannie Mae program which gives them first crack... - MND NewsWire
Has refi demand topped out? Have purchase apps bottomed? The latter is far less likely than the former. Color from lock desks confirms the slow down in... - MND NewsWire
If you were floating your loan last week when rates started to rise, you probably kicked yourself for not locking. If you held out and continued floating... - Mortgage Rate Watch
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MBS Quotes
FNMA 4.0 103-00 0-00
FNMA 4.5 104-14 -0-02
FNMA 5.0 105-15 -0-04
FNMA 5.5 106-11 -0-03
FNMA 6.0 107-10 -0-04
Updated: 9/22/10 4:31 PM
Treasuries
3 MO 0.1521 -0.0179
2 YR 0.4318 0.0018
5 YR 1.3188 -0.0212
10 YR 2.5583 -0.0517
30 YR 3.7396 -0.0504
Updated: 9/22/10 4:36 PM
Mortgage Rates
30 Yr FRM 4.33 -0.03
15 Yr FRM 3.75 -0.03
FHA 30 Year 4.36 -0.03
Jumbo 30 Year 5.56 -0.04
5/1 Yr ARM 3.59 -0.01
Updated: 9/22/10 4:39 PM
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Recent Comments
John Deyber
on 9/22/2010 - read this comment
Exactly Ray! Food and fuel necessities increase while services and manufacturing fight for the leftover consumption by the consumer. With dire employment, falling home values in most areas and a demand...
Ray J
on 9/22/2010 - read this comment
I know the inflation indices are fairly flat, but I also see significant deflation and significant inflation in sub components that are canceling each other out. What you need is inflating, what you want...
Adam Quinones
on 9/22/2010 - read this comment
yeh but a small hint from the Fed is a big deal. I dont think there can be a bubble in the bond market. Funds are not being allocated there for a positive reason (optimism), bonds are catching a bid bc...
Adam Dahill
on 9/21/2010 - read this comment
4.5% is on the money for High Balance. If your above 75% it's a steal. OP didn't say what his LTV is. Some banks are better on high balance that others. Citi has been horrible lately. 5th 3rd is...

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