Mortgage Rates Edge Down To NEW All-Time Lows; Appraisal Regulation

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Jun 28, 2012 2:43PM Mortgage Rates Edge Down To NEW All-Time Lows Mortgage Rates moved slightly lower today but it was enough to officially hit new all-time lows. Some perspective is in order though. Certain lenders' rates are unchanged on the day, and some are even slightly higher, but the average moved lower. Even then, the actual INTEREST RATE would be the same as it was yesterday. The improvements from yesterday were seen in the form of lower borrowing costs for those same rates. Bottom line: Best-Execution remained at 3.625%, but just got a bit more affordable... Jun 28, 2012 12:27PM Congress Hears Different Views on Appraisal Regulation Among those testifying at a hearing of the House Committee on Financial Oversight's subcommittee on Insurance, Housing, and Community Opportunity were William B. Shear , director, Financial Markets and Community Investment, Government Accountability Office (GAO) and Sara W. Stephens, president of the Appraisal Institute. Shear restated GAO's earlier recommendations that federal regulators set minimum standards for registering Appraisal Management Companies (AMC) before a hearing on Thursday while... OCC Notes Fewer Banks Tightening Underwriting Standards MBS RECAP: Bond Markets To Any Lurking Guidance Givers: "Your Move!" OIG Finds FHLBanks Corrected Foreign Credit Exposure, more Supervision Needed The CFPB and Reverse Mortgages; It Takes Time and Money to Monitor Counterparty Risk MBS MID-DAY: Better Volume, Limited Volatility, Stronger Territory OCC: Mortgage Performance Best Since 2008 View: Front Page | Headline Viewer Micro News 1:16 PM: Another Dismal Treasury Auction Shrugged Off By Bond Markets 10:31 AM: Bond Markets At Best Levels Following Healthcare Ruling 10:03 AM: Freddie Mac: Fixed Mortgage Rates Match All-Time Record Lows 8:55 AM: Bond Markets Continue In Moderately Stronger Territory After Data 8:41 AM: ECON: Jobless Claims Fell To 386k, In Line With Consensus 8:36 AM: ECON: Final Q1 GDP +1.9%, As Expected 2:04 PM: Positive Shifts In Reprice Risk As MBS Hit Highs 1:13 PM: Ugly Five Year Auction Putting ALMOST Noticeable Pressure On MBS »View All Micro News Around the Web After Foreclosure, ?Octomom' Still Believes in Homeownership Exclusive: AIG to resume external use of brand name Ron Pasch Named Deputy Comptroller for International Banking Supervision Federal Reserve Board and Treasury Department agree to reduce credit protection Treasury is providing for the Term Asset-Backed Securities Loan Facility Federal Reserve Board issues enforcement action with Village Bank and Trust Financial Corp OCC Survey: Showed Banks' Underwriting Standards Largely Unchanged »View More Around the Web Video News Santelli to Conservatives: 'Take this Decision with Respect' Santelli's Morning Bond Update Merkel, Roubini, Maughan Own Words on Euro Bonds »View More Video News Today's Comments "Now all we need is for this to happen about 100 more times, and have agents, developers, title companies, and builders involved be prosecuted as well...." "I hear more about money at home in the safe that one ever should....must be something in the water around here but seems like everybody has a few thousand..." "Hi Rob You state "Despite rates remaining near all-time lows, conventional refinance application volume declined, and the HARP share of refinance..." »View More Comments Today's Q&A "Buying a new home 30 days after refiancing current primary residence" "Purchasing another home as primary residence after refinancing on current primary residence" "What if you have signed a contract and the house goes into short sale? What happens?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.72 -0.03 15YR 2.99 -0.02 FHA30YR 3.64 -0.02 Jumbo30YR 4.10 -0.02 5/1ARM 2.97 -0.01 MBS Quotes 30YR FNMA 3 105-11 0-07 30YR FNMA 4 106-18 0-05 30YR FNMA 4 107-12 0-03 30YR FNMA 5 108-10 0-02 Treasuries 2 YR 0.3050 -0.0040 3 YR 0.3989 -0.0081 5 YR 0.6926 -0.0244 7 YR 1.0452 -0.0398 10 YR 1.5819 -0.0391 30 YR 2.6801 -0.0129 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. S&P/Case Shiller 1.28% Mortgage Application -0.83% Mortgage Refinance 0.97% Mortgage Purchase -8.51% Existing Home -1.52% New Home Sales 7.58% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031