Thursday, February 11, 2010

Fed's Exit from MBS Program on Course as Planned

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
The Federal Reserve yesterday released an outline of their plan to remove the financial marketplace from the supportive influences of accomodative monetary... - MND NewsWire
Unless we agree that our housing finance structure of the future is a "national" function – run in large measure by the federal government and funded by... - Voice of Housing
James J. Saccacio, chief executive officer of RealtyTrac said "January foreclosure numbers are exhibiting a pattern very similar to a year ago: a... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 97-17 0-01
FNMA 4.5 100-23 0-05
FNMA 5.0 103-20 0-01
FNMA 5.5 105-13 -0-09
FNMA 6.0 106-07 -0-15
Updated: 2/11/10 4:30 PM
Treasuries
3 MO 0.0933 -0.0167
2 YR 0.8669 -0.0431
5 YR 2.3639 -0.0261
10 YR 3.7155 -0.0045
30 YR 4.6646 0.0146
Updated: 2/11/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.98 -0.01
15 Yr FRM 4.30 0.00
FHA 30 Year 5.16 -0.01
Jumbo 30 Year 6.40 -0.01
5/1 Yr ARM 4.21 0.00
Updated: 2/11/10 5:27 PM
Latest Video      
View:All Videos
Realty Roundup
2/11/2010
Real estate loans are in trouble, with CNBC's Diana Olick; Doug Hart, BDO; and Rick Hastings, Global Hunter Securities.
State of Commercial Realty
2/11/2010
Prologis came out with earnings this morning, saying that U.S. commercial real estate is bottoming in the second quarter, with Walt Rakowich, Prologis...
U.S. Foreclosure Filings Surpass 300,000 for 11th Month: Video
2/11/2010
Feb. 11 (Bloomberg) -- U.S. foreclosure filings rose 15 percent in January from a year earlier and exceeded 300,000 for the 11th consecutive month as modification...

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Recent Comments
Palmer Heenan
on 2/11/2010 - read this comment
The news that FNMA/FHLMC will buy out all loans >120 days from pools has hammered the higher coupons. This will increase speeds on premium coupons, the lower coupons are all new refis.
Joshua Smith
on 2/11/2010 - read this comment
That was something that really hit me when I read the MBA prediction for total number of purchases and refi's in 2010. Sever decline in refi's obviosly and only a slight increase in purchases....
Mark H
on 2/11/2010 - read this comment
I like low rates just like the rest. However, the country needs good jobs before we can get some sound footing for residential real estate. At some point we must get off the gov't rate subsidy and...
tconstan
on 2/10/2010 - read this comment
I am a loan officer for a regional mortgage brokerage located in Southeastern Pennsylvania. I have read with great interest the mortgage-related articles in Mortgage News daily. I have listened intently...

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