Thursday, January 19, 2012

Market Weakness Threatens All-Time Low Mortgage Rates

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Jan 19, 2012 3:41PM

Market Weakness Threatens All-Time Low Mortgage Rates

Mortgage Rates worsened at a reasonably brisk pace today when compared with recent relative stability. Still, the movement remains confined to costs associated with as yet, unchanged Best-Execution Rates. That means that 3.875% is still the average "best-case-scenario and best bang-for-the-buck" rate among most lenders rounded to the nearest eighth. 3.75% had been increasingly attractive last week, but has all but faded from view after lenders released rates weaker this morning. Several lenders recalled...

Jan 19, 2012 11:21AM

Freddie Mac Survey Finds Hybrids Shoring up ARM Market

Adjustable rate mortgages have lost much of the popularity they enjoyed in the mid-2000s and Freddie Mac's 28 th Annual Adjustable-Rate Mortgage Survey for 2012 found that hybrid ARMs, especially the 5/1 hybrid are the most popular ARMs offered by lenders. With ARM initial period rates at historically low levels, reflecting, in part, the low levels of the Treasury yields that are used as indexes, the survey, conducted between January 3 and January 5, found there was, in fact, little difference in...


Micro News

2:49 PM:

NY Fed Sells $7 Billion in AIG Assets to Credit Suisse

10:53 AM:

Potential Reprice For The Worse

10:12 AM:

ECON: Philly Fed Survey Slightly Higher, but Weaker Internals

10:01 AM:

Freddie Mac: 30-Year Fixed Averages 3.88%

9:30 AM:

LPS "First Look" Mortgage Report: December

8:45 AM:

ECON: Consumer Prices Unchanged, Core Marginally Higher

8:42 AM:

Housing Starts Down 4.1% in December

8:38 AM:

ECON: Jobless Claims Lowest Since April 2008, Fall 50,000

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Today's Comments

Gregorio S

"The biggest problem with appraisal quality is that there is no accountability for the appraiser. They are just order takers that are now losing a large..."

Frank Ceizyk

"David--blah blah blah blah. What the hell is "TRUTH"? Childishly believed is accurate, but The bottom line is NOTHING has been done about the..."

David Williams

"Once upon a time buyers, sellers, borrowers, etc. childishly trusted lenders, appraisers, Realtors to be unbiased, do the right thing. In those good old..."

Today's Q&A

"HARP when ther is also a HELOC"

"Why are rate hikes HIGHER than proposed FHFA Fee?"

"Can I still receive a real estate licsense with a felony?"