Wednesday, September 2, 2009

MBA Recommends New Mortgage Market Framework

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MBS Quotes
FNMA 4.0 98-12 0-10
FNMA 4.5 100-27 0-06
FNMA 5.0 102-30 0-06
FNMA 5.5 104-10 0-05
FNMA 6.0 105-11 0-03
Treasuries
3 MO 0.1288 -0.0112
2 YR 0.8969 -0.0231
5 YR 2.2618 -0.0682
10 YR 3.3038 -0.0762
30 YR 4.1236 -0.0664
Mortgage Rates
30 Yr FRM 4.99 -0.02
15 Yr FRM 4.28 0.04
FHA 30 Year 5.09 -0.01
Jumbo 30 Year 5.69 0.01
5/1 Yr ARM 3.86 0.02
Latest Video      
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Southern California has come up with a new idea for mortgages, reports CNBC's Jane Wells. Southern California has come up with a new idea for mortgages...
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The Mortgage Bankers Association said on Wednesday it will ask Congress to transform Fannie Mae and Freddie Mac into several smaller, privat... The Mortgage...
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Analysis and Discussion with Jamie Tyrrell of Group One Trading (Bloomberg News)

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Recent Comments
David Haines
on 9/2/2009 - read this comment
We went and locked one up this afternoon. take your profits and run
Mark H
on 9/2/2009 - read this comment
Edgar, great post again. I have had the same experience but 2 loans failed to close as the borrowers were laid off during the process. I have another buyer that just came off his 10% pay cut from the previous...
Carolyn Warren
on 9/2/2009 - read this comment
I am recommending locking in this morning for my clients. Rates are GREAT today! In this market, you have to grab a great rate while you can, because the low doesn't last long. Rates go up faster than...
Edgar
on 9/2/2009 - read this comment
Factory orders increased 1.3% in July, slower than the 2.0% growth that economists surveyed by MarketWatch had been looking for. Did we already peak???? What about that second half recovery for 2009? Not...

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