Tuesday, March 23, 2010

Treasury Secretary Outlines Housing Reform Objectives

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The House Financial Services Committee held a hearing today to discuss the future of Housing Finance- What Should the New System Be Able to Do? So much... - MND NewsWire
Existing-home sales declined slightly in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West. This is... - MND NewsWire
FHA Guidance for Merging Mortgage Ops; Chase Joins HAMP 2nd Lien Program; USDA Update; Corporate Rates Lower than Treasuries; News from, USB, FAMC, Radian;... - Pipeline Press
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MBS Quotes
FNMA 4.0 98-02 -0-01
FNMA 4.5 100-31 -0-03
FNMA 5.0 104-01 0-03
FNMA 5.5 105-27 0-01
FNMA 6.0 106-28 0-08
Updated: 3/23/10 4:31 PM
Treasuries
3 MO 0.1400 0.0031
2 YR 1.0200 0.0553
5 YR 2.4400 0.0348
10 YR 3.6900 0.0312
30 YR 4.6000 0.0321
Updated: 3/23/10 5:48 PM
Mortgage Rates
30 Yr FRM 4.93 -0.01
15 Yr FRM 4.24 -0.02
FHA 30 Year 5.11 -0.03
Jumbo 30 Year 6.46 -0.02
5/1 Yr ARM 4.01 -0.01
Updated: 3/23/10 4:59 PM
Latest Video      
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Future of GSEs
3/23/2010
Discussing the future of government-sponsored entities, with Armando Falcon, former director of OFHEO; Chris Gamaitoni, of Compass Point Trading; and the...
Rep. Frank, Bachus Make Opening Statements
3/23/2010
Treasury Secretary Timothy Geithner testifies on Government-Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac, and whether they are viable entities...
KB Home Posts Smaller Loss During The Fiscal 1Q
3/23/2010
03/23/10 KB Home posted a smaller loss its fiscal first quarter as the homebuilder saw signs of stability in the housing market.

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Recent Comments
Glen W. Spencer
on 3/23/2010 - read this comment
Take the longer lock and 4.875%. Your upside risk (interest rates/fees) is not worth the possible downside gain. With the percieved volitility in the short term future: if it were my personal loan, I would...
Jack Handler
on 3/23/2010 - read this comment
Hello, We have a close date of May 14th, just over 50 days out. I have been offered 4.75 for a 35 day and 4.875 on a 50 day lock. What is your recommendation? Thanks, Jack
Walter Houston
on 3/23/2010 - read this comment
Speaking for the AZ market, refi's are pretty much gone. All those that could, did, and those that want to are so underwater there is noting to be done. The concern now here, is the huge shadow inventory...
Gus Floropoulos
on 3/23/2010 - read this comment
In my market (downstate NY) it seems that we have had a stable pick up in demand, but most of it may have been generated by tax incentives and low rates. Condos in the city are moving a bit faster, but...

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