MBS RECAP: New Record Highs

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Aug 9, 2011 4:16PM MBS RECAP: New Record Highs So the 10yr note and the Fannie 4.0 MBS go to the amusement park together. MBS say they're ready to go on an exciting ride. 10yr warns "are you sure you can handle it?" MBS says "no worries, bring it." And so it was that the longer Aug 9, 2011 4:57PM Mortgage Rates: Even More Nuts! We've used the word "nuts" in the past to describe extra volatile movements in the mortgage market, but today takes the cake. Many market records were broken following today's Federal Reserve FOMC meeting. The net effect was positive for consumer borrowing costs... CURRENT MARKET *: The BestExecution 30-year fixed mortgage rate is still 4.250%. More lenders are however willing to offer 4.00% and 4.125% is approaching BestExecution status. On FHA/VA 30 year fixed BestExecution is 4.00%. Few lenders... Lower Loan Limits Won't Squash Originations: LPS HAMP Loan Modifications Performing Well Fannie Needs More Money But Losses Shrink Appraisal Independence Requirements; GSEs Downgraded; MIAC on Renegotiations; AIG vs. BoA; Buyback Claims; Industry Consolidation Commentary; Who Wants a Job?; What about Housing? Rental Vacancies Decline Along with Homeownership Rate View: Front Page | Headline Viewer Micro News 4:40 PM: More Fun to Come! Data Takes a Break. Cue the 10yr Auction 4:01 PM: SIGTARP: Four Florida Men Charged in Loan Modification Scam 3:53 PM: NCUA Files $491M Suit Against Goldman Sachs 3:05 PM: Post FOMC Rally Continues, Production MBS Coupons Improve 2:53 PM: FOMC to World: "Save The Date!" Low Rate Time Frame Now Explicit. 11:24 AM: Investors Increase Treasury Holdings in Latest Survey 11:22 AM: ECON: Small Business Optimism Dips Again in July 10:29 AM: 60 Minutes: Mortgage Paperwork Mess: The Next Housing Shock? »View All Micro News Around the Web Washington State Sues BofA Over Foreclosures Citigroup's Pandit Says Lender Has Changed Since Credit Crisis Freddie Mac Seriously Delinquent Loans and REO by Selected States Goldman Sachs Says AIG Has Threatened to Sue Over Mortgages Report: Housing Pain Persists, but Less Pervasive PNC Subpoenaed by Prosecutors in National City Lending Probe »View More Around the Web Video News Treasury Yields Plunge FOMC Decision Unveiled: Rates Unchanged Faber Report: Bank of America Blues »View More Video News Today's Comments "Regarding the statement "...It helps to require everyone in the food chain to share part of the loss, including the loan officer and cost center manager..." "Thanks for the info! I was gathering as much resources over the net and i happen to come across your page. I see that you've posted the latest news..." "Question: where is the safest place in the world for China to invest their money? Answer: For countless reasons, The United States Treasuries!!! We still..." »View More Comments Today's Q&A "Is a mortgage considered a respa document?" "What does "re-amortizing" a loan mean?" "what happens when there are 2 people on a mortgage and they both..." »View More Q&A Today's Forum Discussions "Loan Scenario View All Post A Scenario Loan State: California Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $550,000 Property Value: $850..." "I am new member looking for some advice on my current refi scenario. I bought a brand new house abandoned by builder before finishing it from bank as REO..." "I am just starting out in the mortgage industry. I am 2 weeks into my mortgage career. I am starting off as an administrative assistant, until I pass the..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.18 -0.05 15YR 3.60 -0.02 FHA30YR 4.00 -0.04 Jumbo30YR 4.61 -0.07 5/1ARM 3.18 -0.01 MBS Quotes FNMA 3.5 101-07 1-10 FNMA 4.0 104-02 1-01 FNMA 4.5 106-02 0-27 FNMA 5.0 107-32 0-22 Treasuries 2 YR 0.2082 -0.0558 3 YR 0.3513 -0.0727 5 YR 1.0123 -0.0687 7 YR 1.6522 -0.0488 10 YR 2.2746 -0.0414 30 YR 3.6474 -0.0126 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% New Home Prices -10.46% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031