Thursday, April 1, 2010

Residential Construction Spending Continues Decline - Is That a Good Thing?

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Total construction spending fell for a fourth straight month in February to the slowest pace since November 2002. While I do not doubt that construction... - MND NewsWire
If a mortgage banker has been originating and selling loans to investors, it should it should prepare for The Law of Unintended Consequences. One does... - The Garrett Watts Report
The goal of the Federal Reserve's agency MBS program was to provide support to mortgage and housing markets and to foster improved conditions in financial... - MND NewsWire
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MBS Quotes
FNMA 4.0 96-18 -0-10
FNMA 4.5 99-28 -0-09
FNMA 5.0 102-24 -0-11
FNMA 5.5 105-04 -0-06
FNMA 6.0 106-03 -0-03
Updated: 4/1/10 4:32 PM
Treasuries
3 MO 0.1521 -0.0079
2 YR 1.0558 0.0358
5 YR 2.5873 0.0373
10 YR 3.8685 0.0285
30 YR 4.7278 0.0078
Updated: 4/1/10 5:15 PM
Mortgage Rates
30 Yr FRM 5.04 0.03
15 Yr FRM 4.33 0.03
FHA 30 Year 5.23 0.04
Jumbo 30 Year 6.57 0.02
5/1 Yr ARM 4.08 0.02
Updated: 4/1/10 4:35 PM
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Recent Comments
BOB NOONAN
on 4/1/2010 - read this comment
I am back to locking everything as it comes in, need to sleep for a couple of weeks.
Anthony Young
on 4/1/2010 - read this comment
6 loans locked, 1 floating. On the loan floating I probably will have to make up 120 BPS at least for the loan to be profitable. Played safe on 6 loans, swung for the fences on the 7th and it looks like...
Adam Dahill
on 4/1/2010 - read this comment
All files in process are locked. Have 5 packages out that are floating. Clients take their sweet time sending back docs can't complain since they would have wasted 20+ days of ratelock anyway. I'm...
Victor Burek
on 4/1/2010 - read this comment
You're welcome Nate. Jason..depends on how much you are paying in closing costs. You should be able to get 5% today but you will have to pay all the closing costs including one point origination to...

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