Wednesday, March 3, 2010

Refinance Loan Demand Responds to Dip in Rates

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Lock desks got busy toward the end of last week as rates dipped and coverage on it picked up (at least on MND). We believe current mortgage rates are... - MND NewsWire
Over the last year, we've seen many loan officers and mortgage brokers desiring to bolt onto a strong regional mortgage bank. Many mortgage brokers are... - The Garrett Watts Report
If I was selling loans at the moment and I wanted to reduce secondary marketing 'leakage', I would take special note of the changes, updates, and... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 98-09 0-02
FNMA 4.5 101-05 0-03
FNMA 5.0 103-26 0-03
FNMA 5.5 105-20 0-02
FNMA 6.0 106-14 0-00
Updated: 3/3/10 4:30 PM
Treasuries
3 MO 0.1349 -0.0051
2 YR 0.8036 0.0036
5 YR 2.2651 -0.0049
10 YR 3.6173 -0.0027
30 YR 4.5853 0.0153
Updated: 3/3/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.90 -0.03
15 Yr FRM 4.29 -0.01
FHA 30 Year 5.12 -0.03
Jumbo 30 Year 6.41 -0.04
5/1 Yr ARM 4.11 -0.03
Updated: 3/3/10 5:16 PM
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Wayne Brown
on 3/3/2010 - read this comment
Corky Curious to as who your client is. With the new licensing laws, some of us who unfortunately fell with Banks shutting off lines and credit, calling business lines due and payble have found ourselves...
Jason Oelrich
on 3/3/2010 - read this comment
This is excellent Corky! Hat's off to your client for their insight, and their commitment to offer a next-generation platform that is on the leading edge of providing a Mortgage Operation that is necessary...
Adam Quinones
on 3/3/2010 - read this comment
what Jason is saying has the potential to be a catalyst for the restoration of the non-agency secondary mortgage market. There is nothing wrong with most approve/ineligibles..I might be a scratch and dent...
Bones 322
on 3/3/2010 - read this comment
The problem is when you have an old guy that has no clue that his Medicaid or State Benefits become endangered if he takes cash from a HECM and puts it into an account. The product is just fine as long...

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