Thursday, November 5, 2009

House Passes Home Buyer Tax Credit Extension - Obama to Sign as Soon as Friday

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The House of Representatives has voted to pass legislation extending the first time home tax credit until April 30, 2009. Last night the Senate voted... - MND NewsWire
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MBS Quotes
FNMA 4.0 98-15 0-07
FNMA 4.5 101-04 0-08
FNMA 5.0 103-20 0-02
FNMA 5.5 105-05 -0-01
FNMA 6.0 106-05 0-00
Updated: 11/5/09 4:29 PM
Treasuries
3 MO 0.0400 -0.0100
2 YR 0.9000 -0.0100
5 YR 2.3500 -0.0400
10 YR 3.5700 0.0000
30 YR 4.4100 0.0000
Updated: 11/5/09 5:49 PM
Mortgage Rates
30 Yr FRM 4.98 -0.04
15 Yr FRM 4.44 -0.04
FHA 30 Year 5.15 -0.03
Jumbo 30 Year 5.96 -0.03
5/1 Yr ARM 3.91 -0.03
Updated: 11/5/09 4:33 PM
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Recent Comments
Edgar
on 11/5/2009 - read this comment
Joe: While I think the down payment should be more, you hit the key point-down payment. If you have a 740 FICO score, liquid assets, long term job history, previous owning experience pure A PAPER etc....
Bobby Downey
on 11/5/2009 - read this comment
Edgar while FHA in itself has lenient guidelines a lot of investors are tightening their specific credit requirements and introducing overlays. So just as we have seen credit quality improve in PRIME stuff...
Lisa Montoya
on 11/5/2009 - read this comment
My daughter is a first time home buyer, and is purchasing her very own townhouse in Phoenix, AZ. She locked on Wednesday (FHA-30 yr) at a 5 %, BUT she had to buy down. Original quote which was given to...
Missy Jasso
on 11/4/2009 - read this comment
I wish to thank you ALL for your informative blogs. I have been in the process of a refi and your advice has been invaluable. AQ I don't care how much flack you have been getting from the forums on...

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