Friday, October 15, 2010

Mortgage Rates: Play the Range Until Bernanke Plays You

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Ok so record low mortgage rates stayed around for about a week. But they're gone now. I could go through all the economic data and attempt to tie a rational... - Mortgage Rate Watch
I called attention to the phrase "the servicer must work with counsel". I am not sure if this guidance was intended to be a solution or not. If it was... - MND NewsWire
Ben was clear that QEII is coming, but was very cautious when discussing possible policy approaches in relation to the two headed mandate monster. The... - MBS Commentary
jeffer90576
MBS Quotes
FNMA 3.5 100-19 -0-11
FNMA 4.0 102-29 -0-09
FNMA 4.5 104-18 -0-03
FNMA 5.0 105-25 -0-04
FNMA 5.5 106-28 -0-02
FNMA 6.0 108-02 -0-03
Updated: 10/15/10 4:33 PM
Treasuries
3 MO 0.1400 0.0000
2 YR 0.3700 -0.0100
5 YR 1.2000 0.0200
10 YR 2.5900 0.0700
30 YR 3.9800 0.0700
Updated: 10/15/10 5:44 PM
Mortgage Rates
30 Yr FRM 4.23 0.04
15 Yr FRM 3.59 0.04
FHA 30 Year 4.29 0.04
Jumbo 30 Year 5.48 0.03
5/1 Yr ARM 3.48 0.04
Updated: 10/15/10 4:02 PM
Latest Video      
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Faulty Paperwork Prompts Deepening Foreclosure Problem
10/15/2010
Foreclosures are mounting and attorneys general have launched an investigation into claims of faulty lender paperwork. Paul Solman reports.
Ex-Countrywide CEO Angelo Mozilo Settles with SEC
10/15/2010
CNBC's Michelle Caruso-Cabrera reports that former Countrywide CEO and two other Countrywide execs agree to settle with the SEC.
The State of Credit Cards
10/15/2010
CNBC's Mary Thompson has new data on credit card delinquencies and chargeoffs.

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Recent Comments
Adam Quinones
on 10/15/2010 - read this comment
Bernanke has indicated he would be open to purchasing more MBS if the conditions were right.
Frank Ceizyk
on 10/15/2010 - read this comment
Rob--your example points out the danger of "waiting" out lower rates--I'm in Arizona too and there are zip codes in the last month that have suddenly begun to dip in price pretty significantly...
Rob Ellis
on 10/15/2010 - read this comment
Here's what really stinks (for me anyway); the new FHA MI rules has drastically reduced the number of borrowers who can benefit by streamlining and my past customer base is mostly in Arizona so refi'ing...
Y Smith
on 10/14/2010 - read this comment
I just learned some interesting things, since what was going on made no sense at all. The clue is to follow the money. Watch the 60 Minutes on Deriviative Credit Swaps. The bottom line is there is no incentive...

Mortgage News Daily


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Posted by Tommy Wyman at 3:55 PM