Monday, April 26, 2010

Homeownership Rate Hits 10 Year Low. Youngest Demographic is Biggest Drag

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
While vacancy rates are appearing to moderate, home ownership in the U.S. has declined to a level last seen at the beginning of the decade according to... - MND NewsWire
Maybe it's the fact that a quasi-governmental organization is far less encumbered and therefore more effective, even in conservatorship, at crisis management... - Voice of Housing
"FHA IS THE WAY" has been the motto of many a mortgage banker and broker since the collapse of the secondary mortgage market in 2007. The attached... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 96-31 0-03
FNMA 4.5 100-04 0-01
FNMA 5.0 103-05 0-04
FNMA 5.5 105-01 0-00
FNMA 6.0 106-18 -0-01
Updated: 4/26/10 4:32 PM
Treasuries
3 MO 0.1501 -0.0099
2 YR 1.0492 -0.0508
5 YR 2.5643 -0.0238
10 YR 3.8054 -0.0346
30 YR 4.6646 -0.0054
Updated: 4/26/10 5:15 PM
Mortgage Rates
30 Yr FRM 5.01 -0.01
15 Yr FRM 4.34 -0.02
FHA 30 Year 5.15 -0.03
Jumbo 30 Year 6.56 -0.03
5/1 Yr ARM 4.08 0.00
Updated: 4/26/10 4:34 PM
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Recent Comments
Adam Quinones
on 4/26/2010 - read this comment
March Building Permits today were revised from +7.5% at 685k to +6.8% to 680k. This is still much better than originally forecast...
Frank Ceizyk
on 4/23/2010 - read this comment
Dale--I am so glad you emailed this response--I've been waiting for this: First of all--I have been volunteering at foreclosure prevention workshops for the last 2 years, and the program suggested...
Ralph Meyers
on 4/23/2010 - read this comment
The 0.5% monthly MI is part of the bill. http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.5017: Who knows how pricing and rates will be affected if we have to roll in the 4% on each deal. But it doesn't...
Craig Anderson
on 4/23/2010 - read this comment
My understanding was that it was going to be a 3.5% funding fee and a no monthly MI. My rep at Chase was saying that it will still typically be a better route than FHA, given the recent increase in their...

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