Friday, November 4, 2011

Rates Hold Steady After Jobs Report

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Nov 4, 2011 2:25PM

Rates Hold Steady After Jobs Report

Despite earlier market volatility surrounding the important Employment Situation Report this morning, things have evened out into the afternoon and Mortgage Rates are essentially unchanged from yesterday's levels. Some lenders still have pricing set slightly worse than yesterday's while others are slightly improved. The net effect is someone of a consolidation around the 4.0% Best-Execution level. Today's Rates: BESTEXECUTION 30YR FIXED - Centered on 4.0% FHA/VA - 3.75, fewer 3.875% 15 YEAR FIXED...

Nov 4, 2011 11:27AM

Trepp: Delinquencies Improving Slowly

Trepp has come out with preliminary estimates for third quarter real estate and business loan delinquencies. While final reports from banks will not be available until the end of the month, Trepp has pulled together its figures from small bank earnings reports and call report filings. The overall delinquency rate for single-family mortgages edged down to an estimated 12.0 during the third quarter from 12.3 percent in the second quarter and 13.1 percent a year ago and seriously delinquent loans (non...


Micro News

1:01 PM:

MBS Off Highs, But in Better Shape Than This Morning

10:22 AM:

HUD Proposes New Rule to Improve Housing Program

9:14 AM:

MBS Tank and Recover Following NFP. Knee-Jerk Still Playing Out

3:48 PM:

Volume and Volatility Subside in the PM, NFP On Deck Tomorrow AM

2:48 PM:

October Housing Scorecard Released

12:24 PM:

Potential Positive Reprices As Calmer Markets Benefit MBS

10:52 AM:

Fannie Mae: Q3 2011 National Housing Survey Released

10:26 AM:

FHFA: Demarco Statement Before House on "Private Mortgage Investment Act"

Around the Web

Video News

Inside the Jobs Report

October Employment Up 104,000

Greek Government Collapse Imminent


Today's Comments

alan lacey

"My understanding is that Basel III is primarily going to apply tobanks and larger international financial institutions. So if it presenets that much of..."

Frank Ceizyk

"This is so tiresome--Allied is a scapegoat in a failed housing valuation system. As long as we have a speculative valuation process for housing that focuses..."

Jim Lebeau

"humn.... I understand the FHA enforcement now. But um...a where were they back when these unapproved offices were getting FHA Case nubers etc. Who are..."

Today's Q&A

"Pricing Placement for N/O/O FLIP Conventional Purchase Scenario"

"Bait and Switch or Standard Practice"

"2-family residence in NY; being quoted 4.375% for 60-day lock?"