Wednesday, February 24, 2010

New Home Sales Much Worse than Forecast in January. Wintry Weather Adds Weakness

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The annual pace of New Home Sales fell to a new record low in January. This was the fourth consecutive month New Home Sales slid and the largest monthly... - MND NewsWire
The National Association of Realtors has suggested a total reorganization of Freddie Mac and Fannie Mae, turning them into two non-profit government-chartered... - MND NewsWire
I have been saying all year that mortgage rates will need some sort of major shift in economic outlooks if they are to fall below 4.75% again. A surprise... - Mortgage Rate Watch
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MBS Quotes
FNMA 4.0 97-25 -0-02
FNMA 4.5 100-24 -0-01
FNMA 5.0 103-16 0-00
FNMA 5.5 105-11 -0-03
FNMA 6.0 106-02 -0-09
Updated: 2/24/10 4:31 PM
Treasuries
3 MO 0.1095 -0.0105
2 YR 0.8592 -0.0108
5 YR 2.3511 -0.0189
10 YR 3.6909 0.0009
30 YR 4.6356 0.0056
Updated: 2/24/10 5:10 PM
Mortgage Rates
30 Yr FRM 4.98 -0.01
15 Yr FRM 4.35 0.02
FHA 30 Year 5.19 0.00
Jumbo 30 Year 6.46 -0.02
5/1 Yr ARM 4.24 -0.02
Updated: 2/24/10 4:38 PM
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Recent Comments
Marty Sonke
on 2/24/2010 - read this comment
I think the Fed's unemployment number is way too optimistic. I hope they are right but I don't see how they can be. We need 150K jobs per month just to absorb the people coming out of college....
Bryan/Mortgage Finance Group, Inc.
on 2/24/2010 - read this comment
Had a lender already re-price higher, after not changing pricing since last Friday. I feel like I'm on the wrong end of "Heads I win, tails you lose".
Susan Kahler
on 2/24/2010 - read this comment
We're especially "nascent" here in the SF Bay Area jobs market with established companies like Cisco and upstarts like (Dave Duffield's) Workday hiring. Mortgage brokers seems catch on...
Adam Quinones
on 2/24/2010 - read this comment
New York is about to get a snow hurricane: http://www.businessweek.com/news/2010-02-24/-snow-hurricane-approaches-new-york-pennsylvania-update2-.html

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