Friday, September 2, 2011

How Did The Jobs Report Affect Mortgage Rates?

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Sep 2, 2011 11:12AM

How Did The Jobs Report Affect Mortgage Rates?

Mortgage Rates improved slightly yesterday as we awaited this morning's high risk event, the monthly Employment Situation Report. That report showed that no new jobs were created last month, a worse than anticipated result. But as you may be aware, bad economic data usually coincides with lower interest rates. It's not always a direct connection, but generally. That's also the case today with mortgage rates slightly improved over yesterday's offerings. CURRENT MARKET *: The BestExecution 30-year...

Sep 2, 2011 12:06PM

Good Night Irene? Not So Fast. It's Recert Time!

[I am away from the computer on a daily basis, and I cannot respond to e-mails until September 11th. In my place are daily commentaries from a series of very knowledgeable mortgage industry people with different backgrounds, and they have been given very little direction about what to write about - the latest is below. Our views may or may not coincide, but I thank them for their time in volunteering and helping out.] Good night Irene..... Not so fast Frank Fiore Partner e: ffiore(at)matchboxllc...


Micro News

11:22 AM:

New MBS Commentary Post

11:20 AM:

Bond Markets Testing Weakest Post-NFP Levels. Caution!

10:29 AM:

New MBS Commentary Post

9:19 AM:

Fannie Mae: Announcement - Miscellaneous Servicing Policy Change

9:18 AM:

Treasuries Rally Big on NFP. MBS Trying to Keep Pace

8:57 AM:

NAHB Introduces New Economic Index Tracking Improving Housing Markets

8:55 AM:

NCUA: Credit Union Financials Relatively Stable in Q2

8:47 AM:

U.S. Is Set to Sue a Dozen Big Banks Over Mortgages

Around the Web

Video News

Pellicciaro Sees Fed Changing Structure of Balance Sheet

U.S. to Sue Banks Over Mortgages

Santelli's Rant on Govt. $ Printing


Today's Comments

David Zilkha

"Well said Ken. There may have been suboridnation issues early on. But i have not had a problem with any ext sub in the last few years and have done hundreds..."

Ken Crute

"HARP or a HARP like product really needs to be opened to performing non-agency loans, as mentioned. well qualfied borrowers that cannot refinance due to..."

Anonymous

"As long as we're brainstorming here, let's make all MI transferrable to a new HARP servicer as an incentive for servicers to actually, well, service..."

Today's Q&A

Anonymous

"Who can I talk to about a property that has gone back to the..."

Anonymous

"I have a Seperation Agreement form signed by myself and my ex..."

Anonymous

"I am interested in buying a home that was listed a few years..."