Thursday, January 14, 2010

Fed President Puts Timeline on Rates Policy

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
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Last night New York Federal Reserve Bank President Bill Dudley appeared on the PBS Nightly Business Report. He made several comments that need to be called... - MND NewsWire
One in every 45 homes in the U.S. received some type of foreclosure filing during the year just ended, a situation that would have been even worse without... - MND NewsWire
The final Treasury auction for the week was held at 1:00pm eastern today. The Department of Treasury offered $13 billion of 30 year bonds. The results... - Mortgage Rate Watch
jeffer90576
MBS Quotes
FNMA 4.0 97-12 0-09
FNMA 4.5 100-14 0-08
FNMA 5.0 103-05 0-03
FNMA 5.5 105-05 0-03
FNMA 6.0 106-14 0-04
Updated: 1/14/10 4:33 PM
Treasuries
3 MO 0.0558 -0.0042
2 YR 1.1356 -0.0044
5 YR 2.6789 -0.0112
10 YR 3.8350 -0.0150
30 YR 4.6281 -0.0019
Updated: 1/14/10 5:44 PM
Mortgage Rates
30 Yr FRM 5.03 -0.02
15 Yr FRM 4.32 -0.01
FHA 30 Year 5.21 -0.03
Jumbo 30 Year 6.34 -0.01
5/1 Yr ARM 4.24 0.00
Updated: 1/14/10 4:54 PM
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Recent Comments
Edgar
on 1/14/2010 - read this comment
Bad (bad meaning good) unemployment last week, retail sales worse than expected, great bond auction....things are turning around almost like clockwork. How many times have we seen a bounce in rates, bond...
Adam Quinones
on 1/14/2010 - read this comment
Low loan production supply keeps MBS yields spreads relatively tight. If Treasury yields do not rise further....mortgage rates shouldn't rise too much thanks to steady demand from banks who are looking...
Brandon S.
on 1/14/2010 - read this comment
AQ, help me out here: "...if mortgage rates rise to the point where loan supply is much less than forecast (which is already expected to be very low relative to this year), the Fed would need to step...
Mark H
on 1/14/2010 - read this comment
I am not the least bit surprised at the L shaped recovery in housing. I am in the Phoenix, AZ market and I do not have to tell you the shape of our market. I attended a panel discussion yesterday chaired...

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