Thursday, December 30, 2010

NAR Sees Gradual Housing Recovery Based on Several Assumptions

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
A lot of IF's need to play out just to see a GRADUAL housing recovery. Oh well. We gotta start somewhere. - MND NewsWire
Today was a sensory overload for rate watchers. Lenders repriced for the worse. Lenders repriced for the better. In the end, mortgage rates were UNCHANGED... - Mortgage Rate Watch
FTC Blocks Loan Mod Consultants from Collecting Upfront Fees; 3Q Loan Production Stats; Florida Extends L.O Licensing Deadline; Unrealized Losses - Pipeline Press
jeffer90576
MBS Quotes
FNMA 3.5 94-25 -0-01
FNMA 4.0 98-31 0-01
FNMA 4.5 102-06 0-02
FNMA 5.0 104-26 -0-02
FNMA 5.5 106-25 -0-01
FNMA 6.0 108-17 0-00
Updated: 12/30/10 4:32 PM
Treasuries
3 MO 0.1200 -0.0100
2 YR 0.6600 0.0200
5 YR 2.0600 0.0300
10 YR 3.3800 0.0300
30 YR 4.4300 0.0200
Updated: 12/30/10 5:44 PM
Mortgage Rates
30 Yr FRM 4.90 0.00
15 Yr FRM 4.29 0.00
FHA 30 Year 4.78 0.00
Jumbo 30 Year 5.88 0.00
5/1 Yr ARM 3.98 0.00
Updated: 12/30/10 5:49 PM
Latest Video      
View:All Videos
Rates: Big Blow to Housing
12/30/2010
With talk of a housing double-dip getting louder, can the market handle a big rate jump? Insight with Michelle Meyer, BofA Merrill Lynch Global Research...
What's Your Home Worth?
12/30/2010
Some are suing banks that have cut off their home equity lines of credit. Insight with Ken Brown, The Wall Street Journal and Shari Olefson, Fowler White...
Big Money in the Big Run on Rates
12/30/2010
A treasury and Dollar forecast and what it means for the economy and your money, with William O'Donnell, RBS and David Zervos, Jefferies.

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Recent Comments
Bette Miller
on 12/30/2010 - read this comment
Got a reprice from ST for the worse and then, 20 minutes PF reprices for the better .125% Who knows?
Zach Finger
on 12/30/2010 - read this comment
These Counseling agency's are the partisan organizations that helped put the politicians in office in the first place, its the natural order of things in big gov, they have to reward their supporters...
Frank Ceizyk
on 12/30/2010 - read this comment
Outrage against realtors, though certainly warranted, is pointless. Unless the mortgage industry wants to truly propose and fight to implement a new housing paradigm, where borrowers are first educated...
Adam Quinones
on 12/30/2010 - read this comment
It Yun's defense...no economic outlook is complete right now. Assumptions are abundant. There is much uncertainty in the forecasting environment.

Mortgage News Daily


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Wednesday, December 29, 2010

HUD Awards Extra Funding to Housing Counselors

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
HUD has announced the award of $73 million in funds for housing counseling. This is a 22 percent increase over the funds that were available last year... - MND NewsWire
It was another volatile day in mortgage-land. But this time volatility worked out in our favor. We erased yesterday's loan pricing losses! - Mortgage Rate Watch
David Blitzer summed up the October data with this statement, "The double-dip is almost here, as six cities set new lows for the period since the 2006... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 3.5 94-24 1-10
FNMA 4.0 99-00 1-08
FNMA 4.5 102-07 0-30
FNMA 5.0 104-25 0-20
FNMA 5.5 106-27 0-13
FNMA 6.0 108-13 0-05
Updated: 12/29/10 4:34 PM
Treasuries
3 MO 0.1300 -0.0079
2 YR 0.6400 -0.1033
5 YR 2.0300 -0.1151
10 YR 3.3500 -0.1295
30 YR 4.4100 -0.1219
Updated: 12/29/10 5:42 PM
Mortgage Rates
30 Yr FRM 4.90 -0.04
15 Yr FRM 4.29 -0.04
FHA 30 Year 4.78 -0.03
Jumbo 30 Year 5.88 -0.03
5/1 Yr ARM 3.98 -0.04
Updated: 12/29/10 5:40 PM
Latest Video      
View:All Videos
Predictions 2011: Banking
12/29/2010
CNBC's Mary Thompson shares her 2011 predictions for the banking sector.
Tax Compromise: A Ticking Time Bomb?
12/29/2010
The bulk of the new tax law is set to expire in two years. Michael Linden of the Center for American Progress and Stephen Moore of the Wall Street Journal...
Gabriel Sees Fannie, Freddie Overhaul Taking 3-4 Years
12/29/2010
Dec. 29 (Bloomberg) -- Chuck Gabriel, an analyst at Capital Alpha Partners LLC, talks about the outlook for overhauling Fannie Mae and Freddie Mac, which...

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Recent Comments
Nate Miller
on 12/29/2010 - read this comment
take 4.75% if you can get it and move on!
Adam Quinones
on 12/29/2010 - read this comment
definitely agree JRB. 10s must break several layers of resistance before FN 4.0s are priced back in the 101 handle and mortgage rates below 4.50% are available again. I'm not sure how long that would...
JRB
on 12/29/2010 - read this comment
AQ- from a technical standpoint, what do you think is a reasonable timeframe to recover our losses and see the 4.0 coupon back in the picture at 100+? Of course I am just being hopeful we will see a complete...
Neil Grham
on 12/28/2010 - read this comment
The default market seems to be the driving force, behind declining home values. That and the overwhelming inventory of homes, it is going to be quite a while until the housing market rights itself.

Mortgage News Daily


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