Friday, February 5, 2010

Home Sellers Still See Conditions as Unfavorable - Shadow Inventory Perspective

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Sellers reacting to the depressed price of their houses appear to be holding back improvements in the housing market according to a survey by Thompson... - MND NewsWire
A re-engineering of the secondary market is going to take some serious time. And brains. It'll require some of the brightest minds in finance and public... - Voice of Housing
When considering the LOCK vs FLOAT decision, I think of it as so: WE ARE PLAYING CHESS, NOT CHECKERS. My lock bias is based on the big picture outlook... - Mortgage Rate Watch
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MBS Quotes
FNMA 4.0 98-14 0-04
FNMA 4.5 101-15 0-05
FNMA 5.0 104-11 0-04
FNMA 5.5 106-08 0-01
FNMA 6.0 107-04 0-01
Updated: 2/5/10 4:26 PM
Treasuries
3 MO 0.1000 0.0100
2 YR 0.7700 -0.0300
5 YR 2.2300 -0.0600
10 YR 3.5900 -0.0300
30 YR 4.5100 -0.0200
Updated: 2/5/10 5:49 PM
Mortgage Rates
30 Yr FRM 4.92 -0.02
15 Yr FRM 4.25 -0.01
FHA 30 Year 5.10 -0.01
Jumbo 30 Year 6.35 -0.02
5/1 Yr ARM 4.14 -0.02
Updated: 2/5/10 2:23 PM
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Recent Comments
Wayne Brown
on 2/5/2010 - read this comment
My most aggressive lender first made a change for improvement, then late this afternoon took away that improvement. Obviously a very skitish market out there. In this market...Lock and don't be Greedy...
Adam Quinones
on 2/5/2010 - read this comment
Well said David....Ed DeMarco's letter to Barney Frank and Chris Dodd reminded me that housing reform is going to be a slow process, especially if it is to be done right. In the mean time we can expect...
Matthew Graham
on 2/5/2010 - read this comment
Mike K, you'll feel pretty good about that later this year I think. In the grand scheme of things, a 5% rate versus 4.875% or even 4.75% is still going to be among the all time lows. There was just...
Edgar
on 2/5/2010 - read this comment
Two different surveys, two different numbers. I have completely thrown out the door the unemployment number....I think it's a joke that it is even reported. The jobs survey is a little better but still...

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