Monday, December 21, 2009

Lenders Reprice for the Worse. Mortgage Rates Higher

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Home Today's Headlines ATW Forums Q&A Mortgage Rates  
Top Stories      
I cannot stress this enough...the rates market is very volatile. If you happen to be floating a loan that is expected to close this month...I WOULD LOCK... - Mortgage Rate Watch
Traditionally, the PMIs have insured the safest of the low to moderate-income loans, leaving the more credit-challenged borrowers and riskier loans for... - Voice of Housing
The quality of senior management drives the entire performance of a firm. A typical mid-sized mortgage company will be organized with a CEO and a CFO... - Community Commentary
jeffer90576
MBS Quotes
FNMA 4.0 97-17 -0-31
FNMA 4.5 100-19 -0-20
FNMA 5.0 103-12 -0-12
FNMA 5.5 105-06 -0-13
FNMA 6.0 106-18 -0-05
Updated: 12/21/09 4:31 PM
Treasuries
3 MO 0.0800 0.0300
2 YR 0.8900 0.0700
5 YR 2.4300 0.1300
10 YR 3.6900 0.1400
30 YR 4.5600 0.1000
Updated: 12/21/09 4:01 PM
Mortgage Rates
30 Yr FRM 4.96 0.03
15 Yr FRM 4.20 0.02
FHA 30 Year 5.19 0.02
Jumbo 30 Year 6.12 0.00
5/1 Yr ARM 4.05 0.02
Updated: 12/21/09 4:56 PM
Latest Video      
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Hennessy Says U.S. Stocks at `Beginning of Bull Market': Video
12/21/2009
Dec. 21 (Bloomberg) -- Neil Hennessy, president of Hennessy Advisors Inc., talks with Bloomberg's Carol Massar about the outlook for U.S. stocks. Hennessy...
Fine Say Oversight Makes Community Banks `Risk Averse': Video
12/21/2009
Dec. 21 (Bloomberg) -- Camden Fine, president of the Independent Community Bankers of America, talks with Bloomberg's Julie Hyman and Mark Crumpton...
Getting Banks Lending
12/21/2009
President Obama meeting with community bank chief executives today, with Paul Miller, FBR Capital Markets and Frank Sorrentino, North Jersey Community...

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Recent Comments
Adam Quinones
on 12/21/2009 - read this comment
I hear the Fed is making the rounds amongst dealer desks as we speak...likely to balance out flows here soon.
Marty Sonke
on 12/21/2009 - read this comment
Adam: Is the FED buying at all this week or have they taken the week off as well?
Michael Baker
on 12/21/2009 - read this comment
I am a little confused. They said sales were down between 40%-80% over the weekend due to the huge snow storm. Iran invaded an Iraqi oil field, and the FDIC is hiring 1,600 people and requesting a 35%...
Mike K
on 12/21/2009 - read this comment
Locked at 4.875, but lock expires 12/23 and the short sale we've been waiting on for the last 8 months has come to an abrupt halt, with no end in sight (2nd wants more, 1st won't allow it). Really...

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