Tuesday, April 20, 2010

Goldman Carries Heavy Burden. One The Mortgage Industry Knows Too Well

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We need regulation, but we need it to be implemented with careful consideration from the people who operate in the real life environment. We need open... - MND NewsWire
This last Saturday I paddled something new. I've had a habit of kayaking 2-3 places and not exploring something new. There are many great bays and lakes... - The Garrett Watts Report
Fannie Mae: "We believe that the recent pickup in mortgage rates will not be sustained. Our view on mortgage rates is little changed from the previous... - MND NewsWire
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MBS Quotes
FNMA 4.0 97-02 -0-01
FNMA 4.5 100-07 0-01
FNMA 5.0 102-31 -0-01
FNMA 5.5 105-00 -0-02
FNMA 6.0 106-17 -0-04
Updated: 4/20/10 4:45 PM
Treasuries
3 MO 0.1600 0.0140
2 YR 1.0500 0.0745
5 YR 2.5600 0.0433
10 YR 3.8200 0.0226
30 YR 4.6700 -0.0241
Updated: 4/20/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.97 0.02
15 Yr FRM 4.32 0.03
FHA 30 Year 5.14 0.02
Jumbo 30 Year 6.58 0.05
5/1 Yr ARM 4.05 0.02
Updated: 4/20/10 5:49 PM
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April 20 (Bloomberg) -- U.S. Federal Reserve Chairman Ben S. Bernanke testifies before the House Financial Services Committee in Washington about Lehman...
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April 20 (Bloomberg) -- Richard Fuld, former chief executive officer of Lehman Brothers Holdings Inc., testifies before the U.S. House Financial Services...

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Recent Comments
Mark H
on 4/20/2010 - read this comment
I have not experienced an uptick in business due to the expiring tax credit, I have had Realtors and buyers ask if there will be an extension. The biggest stumbling block in the AZ/Phoeinx market is timely...
David Sheldon
on 4/20/2010 - read this comment
Thanks Victor- I hope you're right. Again, I just can't get over the contradictory headlines...one minute car sales are up, the next, unemployment is still severe. Or G.S. has record profit for...
Victor Burek
on 4/19/2010 - read this comment
David, I feel rates are going to be low for quite some time but heading higher. Between now and June rates will hopefully stay range bound, bouncing between 5% and 4.75%. Of course, an unexpected tape...
David Sheldon
on 4/19/2010 - read this comment
Victor- I keep reading all of this "positive" economic news, but then the occasional contradictory report and am a little confused about where the market will go over the next few months in regards...

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