Wednesday, October 19, 2011

Mortgage Rates Stable; User Reaction to MBS Live!

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Oct 19, 2011 4:29PM

Mortgage Rates as Stable as They've Been All Month

For the first time since September, Mortgage Rates have held steady or improved for 3 straight days. Granted, the actual level of improvement is minimal, with Best-Execution moving only .125 to .25 at most, but it's the best few days we've seen this month, and worth noting. Please also note that there is a high level of variation between lenders' offered rates. Today's Rates: BESTEXECUTION 30YR FIXED - 4.125% - 4.0% possible in some scenarios FHA/VA - 3.75%. Some at 3.875% 15 YEAR FIXED - Mostly...

Oct 19, 2011 11:21AM

MBS Live: User's Reaction To New MBS Live!

Although MBS are not yet back to the highs of yesterday's session, even being close is a fairly significant improvement from this morning. 10yr yields are down to 2.175 now, unchanged on the day. Meanwhile MBS are into the green: -Fannie 3.5's are up


Micro News

4:00 PM:

MBS Near Unchanged Today. More Econ and Fed-Speak Tomorrow

3:06 PM:

HUD Announces $27 Million in "Sweat Equity" Grants

2:55 PM:

Fed Research: Back to the Future: Revisiting the European Crisis

2:21 PM:

Fed's Rosengren: Fed Should Tie Rates to Jobs Data - CNBC

2:09 PM:

MBS Turning Positive Following Beige Book - Potential Positive Reprices

2:07 PM:

Fed Beige Book Released

1:16 PM:

Freddie Mac Announces K-015 Offering of Approximately 233265 Billion in Multifamily Securities

1:09 PM:

Reprice for the Worse Reported. Moderate Potential For More

Around the Web

Video News

New Housing Reality

Fed's View of the Economy

Mortgage Applications Drop Like a Rock


Today's Comments

Garth Cook

"Plan should be refinance underwater mortgage requires some skin in the game. 30 months of no lates, purchase of 1% mi, private mi company to guarentee..."

Frank Ceizyk

"Robin--I am sorry to hear what you went through--but I am wondering, I did not see anything in this post indicating an appraisal was done. And also, you..."

Jason Harris

"Speaking of escrowing based on vacant land....I do not believe this to be a problem as much anymore, but locally we had a builder who did this en masse..."

Today's Q&A

"How long will a mortgage default sit on my credit?"

"Can someone explain what a second mortgage is?"

"How does leasing a car effect qualifying for a home mortgage?"