Of Course the Borrower is Paying for Higher Lending Costs - Did Our Gov' t Think Lenders Would?

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Jun 22, 2012 10:42AM Of Course the Borrower is Paying for Higher Lending Costs - Did Our Gov't Think Lenders Would? Want some good news? My grades did not qualify me for admittance to Harvard (that is not the good news), but that institution put out good research material that is positive for housing this year . ( Read: Harvard's State of Housing Report Says Home Construction Now Adding to GDP ) Here is some on housing for 2012. If you have ADD, like me, at least click on "Signs of a Turnaround in the U.S. Housing Market: 2012 State of the Nation's Housing Report Released" and peruse the Executive Summary: jchs... Jun 22, 2012 1:38PM Mortgage Rates Drift Sideways Despite Rising Treasury Yields Mortgage Rates rose microscopically today as mortgage markets essentially moved sideways just off yesterday's slightly stronger levels, with little news or data driving trade. To emphasize how small the changes are, we'd note that a few lenders are even priced better than yesterday, but the average Best-Execution rate is 0.01 higher. As a vast majority of lenders price in one-eighth (0.125%) increments, this leaves the dominant Best-Execution rate for Conventional 30-yr Fixed loans at 3.625% with... Industry Reps say RESPA/TILA Should Wait for Dodd-Frank Implementation MBS MID-DAY: Outperforming As Treasuries Head For Sidelines Regulators Tell GSEs to Assist Military with Short Sales FHA Streamline Investor Changes; Other Lender Tweaks to Slow/Control Volume The Day Ahead: Empty Domestic Calendar Leaves EU In Focus Mortgage Rates Bounce Back Near All-Time Lows Following Yesterday's Rise View: Front Page | Headline Viewer Micro News 2:39 PM: Negative Reprice Risk Picking Up As Leakage Continues 2:02 PM: Overall Market Dynamics Largely Similar To This AM, MBS Hangin' Tough 9:22 AM: Bond Markets Weaker Overnight And This Morning. Data Calendar Empty 4:16 PM: Coasting Out The Door Sideways After Reclaiming Lost Territory 12:39 PM: Positive Reprices Reported as MBS Trudge Resolutely Upward 10:17 AM: Initial Reaction To 10AM Data Positive For Bond Markets, Stocks Fall 10:06 AM: ECON: Leading Indicators Rise Slightly Faster Than Expected 10:04 AM: FHFA: House Price Index Up 0.8 Percent in April »View All Micro News Around the Web Does Dodd-Frank Legislation End Too Big to Fail? Why Oil Prices Will Keep Falling: Record Pumping Foreclosure Victims Get Another Underwhelming Payday Why Home Prices Are Better and Worse Fed's Lacker Says Operation Twist Won't Help Growth, Jobs - Bloomberg Fed's Bullard Says QE3 Would Have 'High Hurdle' - Bloomberg »View More Around the Web Video News Moody's Bank Downgrades Non-Event? 90 Seconds with Art Cashin: Mario Monti's 'Magical Week' Santelli on the Danger in 'Dark Pools' »View More Video News Today's Comments "That's the problem, Rob. Our Govt leaders aren't THINKING. They let their own egos and desire to look like they are doing something useful get..." "Aren't the majority of mortgages taken out by service people through VA (GNMA)? Shouldn't these changes apply to those mortgages rather than Fannie..." "Logic cited was that these loans were 3 years old and had a history of performing. A cynic might note that since they were three years old, no refund of..." »View More Comments Today's Q&A "do bank accept condo as collateral for cash loan" "How do you figure out capital gain on sale of home?" " How do I go about changing the name on the deed of the home?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.75 0.01 15YR 3.01 0.01 FHA30YR 3.67 0.01 Jumbo30YR 4.11 0.02 5/1ARM 3.02 0.01 MBS Quotes 30YR FNMA 3 104-29 -0-05 30YR FNMA 4 106-10 -0-02 30YR FNMA 4 107-08 0-00 30YR FNMA 5 108-08 0-01 Treasuries 2 YR 0.3068 0.0043 3 YR 0.4121 0.0031 5 YR 0.7527 0.0257 7 YR 1.1438 0.0448 10 YR 1.6725 0.0525 30 YR 2.7578 0.0698 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Building Permits 7.88% Housing Starts -4.84% Construction 0.10% Mortgage Application 17.97% Mortgage Refinance 19.17% Mortgage Purchase 12.84% 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