How Did The Employment Report Affect Mortgage Rates?

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Home Today's Headlines ATW Forums Q&A Mortgage Rates   Top Stories       36,000 Jobs Lost in February. Unemployment Rate Holds at 9.7%. Snow Effect Unseen 36,000 jobs were lost in February according to the Bureau of Labor Statistics. The unemployment rate held steady at 9.7%. The payrolls number was MUCH... - MBS Commentary How Did The Employment Report Affect Mortgage Rates? When looking back on the week that was, it seems like mortgage rates went on a wild ride. Lenders repriced for the better and lenders repriced for the... - Mortgage Rate Watch FHA Extends Deadline to Submit Audited Financials. Elimination of Correspondent/Broker Approval Still Pending As proposed in a November 30, 2009, proposed rule (74 FR 62521), HUD is seeking to eliminate FHA approval for loan correspondents. Because this rulemaking... - MND NewsWire The Downside of Hedging Interest Rate Risk with Mandatory Loan Commitments Fed MBS Program Update: $34 Billion... - MND NewsWire Lender Implementation of FHA Flipping... - Pipeline Press Pending Home Sales Fall Back to... - MND NewsWire Refinance Loan Demand Responds... - MND NewsWire Residential Construction Spending... - MND NewsWire Reverse Mortgages Get Special Attention... - Voice of Housing MBS LUNCH: Recovering Price Losses... - MBS Commentary »View more top stories jeffer90576 Profile View Edit Member Toolbox -MBS/Treasury Quotes -Mortgage Rates -Write an Article -Mobile MND -News / Rate Widgets -Manage Email Alerts -Update Profile -Not a Premium Member Yet? Upgrade Here. MBS Quotes FNMA 4.0 98-05 -0-15 FNMA 4.5 101-05 -0-08 FNMA 5.0 103-27 -0-05 FNMA 5.5 105-19 -0-03 FNMA 6.0 106-12 0-00 Updated: 3/5/10 4:34 PM Treasuries 3 MO 0.1500 0.0100 2 YR 0.9100 0.0500 5 YR 2.3500 0.0700 10 YR 3.6900 0.0800 30 YR 4.6400 0.0800 Updated: 3/5/10 5:40 PM Mortgage Rates 30 Yr FRM 4.92 0.02 15 Yr FRM 4.31 0.01 FHA 30 Year 5.11 0.00 Jumbo 30 Year 6.45 0.02 5/1 Yr ARM 4.12 0.00 Updated: 3/5/10 5:11 PM Latest Video       View:All Videos Labor Secretary: Job Figures Offer Ray of Hope 3/5/2010 U.S. Secretary of Labor Hilda Solis tells Meena Thiruvengadam February unemployment and non-farm payroll figures offer a glimmer of hope that the economy... Inside Bonds Now 3/5/2010 Insight on the bonds market, with Andy Busch, BMO Capital Markets. PIMCO's Gross On Jobs 3/5/2010 Insight on the latest employment numbers, with Bill Gross, PIMCO. Around The Web       Fannie Cuts FHA-Like Deals to Sell Homes Goldman's Best Guess on Mortgage Rates After the Fed Exits Cash-Strapped States Delay Paying Income-Tax Refunds Did Weather Hurt Housing? You Decide Cities Cut Education Jobs Amid Budget Pressures Rep. Frank questions safety of Fannie Mae, Freddie Mac investments FHA Case Transfers and Appraisal Portability The Story So Far on the Gov't Loan Mod Program Fed Might Have to Continue Supporting Economy: Gross Economists React: Labor Market 'Dodged a Big Fat Snowball' »View All Recent Articles JOIN THE CONVERSATION Recent Comments Gus Floropoulos on 3/5/2010 - read this comment Our pricing has recouped all losses from the early afternoon, we actually are even paying a bit more on some products.....weird. the only thing i think that has helped was some hedging and delays in passing... Edgar on 3/5/2010 - read this comment I think the market is over reacting to the jobs report. Subtract the census workers (who will be jobless in a few months) the economy lost over 50k jobs. My guess is people think if the snowcanes didn't... Mark H on 3/5/2010 - read this comment Somebody mentioned tightening of underwriting standards. this is inevitable and still much easier then when I started in the business. UW must make sense before investors will view our products as investment... Michael Gannon on 3/5/2010 - read this comment I fail to see how this is good news....its not bad news, but the over enthusiasm is sickening! I heard Chase raised minimum ficos to 640 and max 50 dti on FHA....max 45 dti on cash out over 80 ltv....... Questions What are the FHA Loan Requirements? How do you sell a privately held mortgage? What information is required to be submitted to the mortgage... What factors determine 'livable space' for single family... Answers How does a "Short Refi" affect your credit? No lates... Can a realtor lower their commission to close a deal? What is the required credit score to obtain a mortgage? To do a short sell does the home payment have to be in the rears... Forum Discussions New RESPA Disclosures - Comments Requested! Online Real-Time Digital Remote e-Notarization Secure Network Loan Scenario: SC, $210,000, 720, 70% LTV, Refinance (Rate and Term) High Debt to Income Ratio Banks?? Buy After Foreclosure if First Loan was FHA Loan Loan Scenarios Post | View All   State Date Amount Loan Type MA 3/4/2010 320,000.00 Refinance (Rate and Term) MA 3/4/2010 300,000.00 Refinance (Rate and Term) CA 3/2/2010 135,000.00 Refinance (Rate and Term) SC 3/1/2010 210,000.00 Refinance (Rate and Term) FL 2/25/2010 250,000.00 Purchase CA 2/25/2010 417,000.00 Cash Out Refinance Mortgage News Daily

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