Thursday, October 13, 2011

Mortgage Rates Improve For First Time in October

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Oct 13, 2011 4:45PM

Mortgage Rates Improve For First Time in October

Domestic economic data and the exuberance over the European debt situation were both fairly lackluster today, and Mortgage Rates improved decisively for the first time October. The 30yr Fixed Best-Execution rate fell an eighth of a point at most lenders, though the volatility continues to lead to a wider-than-normal variety among lenders. Despite the improvement, if you're seeing local or national news talking about rates in the "high 3's, " that info is already out-dated as Best-Execution rates...

Oct 13, 2011 10:54AM

MetLife to Bale and Sail on Mortgages? The Fed, PSA's, and Foreclosures; PHH Discusses Agency Repurchases

What are political ads like in Texas ? As was noted in yesterday's commentary, one of the questions that folks in the mortgage conference hallways were asking was, "With BofA leaving correspondent, is someone like Chase going to be next?" There is a big difference between hallway chatter and headlines of " MetLife May Sell Mortgage Business " in Bloomberg! "Chief Executive Officer Steven Kandarian, who took the job in May, is planning to exit a business that expanded in June when it replaced Bank...


Micro News

3:59 PM:

Last Day of the Week Busiest in Terms of Econ Data

2:15 PM:

NY Fed: Agency MBS Transacation Data Update

2:07 PM:

Dataquick: Southern California Home Sales Up Slightly YoY

1:49 PM:

Reprice Outlook Returns to Neutral. Stock Lever Pressures Bonds

1:10 PM:

Loan Pricing Should Improve Following 30yr Bond Auction

10:03 AM:

MBS and Treasuries Improving. Stocks Falling.

10:03 AM:

Freddie Mac Reports Fixed Mortgage Rates Up Sharply Following Jobs Report

9:11 AM:

Economist Still See Almost 1 in 3 Chance of Recession - Reuters Poll

Around the Web

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Today's Comments

Matt Silver

"I send them a link to this site! And I tell them to stop watching the MSM. Turn it off and open your eyes is all you need to say..Still at all time lows..."

Brian Denton

"Ever notice that when the news items finally make it to the papers that rates have hit X%, an "all-time low," that they have already started..."

David Haley

"This happened to me just last week when they opened up the Seattle news paper and saw rates were in the high 3's. Our customers often forget that you..."

Today's Q&A

"Any way to refinance a rental home with no equity?"

"What is robo-signing in relation to mortgages?"

"If I foreclose, do I have to pay foreclosure and attorney fees?"