Thursday, March 4, 2010

Fed MBS Program Update: $34 Billion Left to Spend With Four Weeks to Go

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In the week ending March 4, 2010, the Federal Reserve purchased a net total of $10.00 billion agency MBS. This 138437 billion decline from the previous reporting... - MND NewsWire
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8... - MND NewsWire
Investors Business Daily this week continued playing the role of drummer boy in the relentless assault from the right on Fannie Mae, Freddie Mac and the... - Voice of Housing
jeffer90576
MBS Quotes
FNMA 4.0 98-22 0-11
FNMA 4.5 101-14 0-08
FNMA 5.0 104-01 0-06
FNMA 5.5 105-23 0-04
FNMA 6.0 106-14 -0-01
Updated: 3/4/10 4:31 PM
Treasuries
3 MO 0.1400 0.0000
2 YR 0.8600 0.0400
5 YR 2.2800 0.0100
10 YR 3.6100 -0.0200
30 YR 4.5600 -0.0200
Updated: 3/4/10 5:41 PM
Mortgage Rates
30 Yr FRM 4.90 0.00
15 Yr FRM 4.30 0.01
FHA 30 Year 5.11 -0.01
Jumbo 30 Year 6.43 0.02
5/1 Yr ARM 4.12 0.01
Updated: 3/4/10 5:06 PM
Latest Video      
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Forecasting Employment
3/4/2010
Insight on the employment forecast, with Gary Stern, CEE Acting president & CEO.
The Housing Recovery
3/4/2010
Insight on the health of housing, with William Emerson, Quicken Loans CEO and CNBC's Diana Olick.
Pending Home Sales Down 7.6%
3/4/2010
Pending home sales fell 7.6 percent, below forecasts. CNBC's Diana Olick has the details.

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Recent Comments
Adam Quinones
on 3/4/2010 - read this comment
That would make sense but the recent GSE delinquency buyout announcements plus the general lack of loan supply and rally in TSYs (duration adding) have contributed to stable MBS valuations. All we can...
JTB
on 3/4/2010 - read this comment
So are we to believe that we'll see rates climbing over the next 3-4 weeks? I know that the presumption has been that as the Fed exits rates will go up, but wouldn't this have already been priced...
John Deyber
on 3/4/2010 - read this comment
Feels like buy the rumor, sell the news seems to be setting up. Even with a horrible number tomorrow, I can't see how there could be that much more improvement IMO.
Sef Robinson
on 3/3/2010 - read this comment
Great post! My company is about to transition to a Direct Lender from a Mortgage broker. I as well as some of the other LO's are a little nervous because the company's overhead is about to skyrocket...

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