Monday, February 8, 2010

Short Term Direction of Mortgage Rates Dependent Upon Auctions and Stocks

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Nothing has changed from Friday. Mortgage rates continue to run into a floor at 4.75%. This has held true all month! My lock bias is based on the big... - Mortgage Rate Watch
Mr. O'Reilly (December 01, 2009) claims that the "new" root cause of the housing crisis is the (lack of) "jobs, jobs, jobs." So the solution to the crisis... - Voice of Housing
In the past year, we've still seen a few companies allow their loan officers to lock directly with investors. Investors today allow their correspondent... - The Garrett Watts Report
jeffer90576
MBS Quotes
FNMA 4.0 98-12 -0-04
FNMA 4.5 101-08 -0-04
FNMA 5.0 104-06 -0-04
FNMA 5.5 106-10 0-01
FNMA 6.0 107-04 -0-02
Updated: 2/8/10 4:30 PM
Treasuries
3 MO 0.0892 -0.0108
2 YR 0.7632 -0.0068
5 YR 2.2266 -0.0034
10 YR 3.5597 -0.0303
30 YR 4.4972 -0.0128
Updated: 2/8/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.94 0.02
15 Yr FRM 4.26 0.01
FHA 30 Year 5.09 -0.01
Jumbo 30 Year 6.38 0.03
5/1 Yr ARM 4.16 0.02
Updated: 2/8/10 5:05 PM
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Keeping tabs on the 'Greenspan Effect,' with David Lutz, Stifel Nicolaus and CNBC's Rick Santelli.

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Recent Comments
JTB
on 2/8/2010 - read this comment
Hmmm. No love from the stock lever today. Do you think this is the standard increase in yields before/during an auction week? If so, and we have strong auctions MBS could be in store for a good ride, no...
Larry Gray
on 2/8/2010 - read this comment
Just had the first reprice for the worse...but I never use that lender anyway. Have seen no others. East of S.F., CA we had the cloud cover yesterday afternoon but the smokers were able to smoke outdoors...
Frank Ceizyk
on 2/5/2010 - read this comment
When something is on a doorstep--any doorstep--there are only two places it can be going: either back inside the metaphorical house, or back to the world outside. ...still always amazed at the quality...
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...

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