Tuesday, May 18, 2010

Housing Starts Rise as Builders Begin Working Through Backlog of Permits

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The uptick in Housing Starts was expected as last minute buyers rushed to finalize sales contracts before the homebuyer tax credit expired on April 30th... - MND NewsWire
The number of homeowners who completed HAMP's mandatory 90 day trial period and were converted into permanent load modification status rose 68,000... - MND NewsWire
The GSEs were once the cornerstones of American Homeownership. However, at last count, the CBO estimated that it would cost taxpayers $389 billion through... - The Garrett Watts Report
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MBS Quotes
FNMA 4.0 99-06 0-16
FNMA 4.5 101-30 0-13
FNMA 5.0 104-18 0-11
FNMA 5.5 106-06 0-00
FNMA 6.0 107-12 0-02
Updated: 5/18/10 4:31 PM
Treasuries
3 MO 0.1700 0.0189
2 YR 0.7600 -0.0378
5 YR 2.1100 -0.0886
10 YR 3.3800 -0.1069
30 YR 4.2600 -0.0990
Updated: 5/18/10 5:43 PM
Mortgage Rates
30 Yr FRM 4.84 -0.01
15 Yr FRM 4.15 0.01
FHA 30 Year 4.86 -0.03
Jumbo 30 Year 6.38 -0.01
5/1 Yr ARM 3.85 -0.01
Updated: 5/18/10 6:57 PM
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5/18/2010
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Making smart investments in real estate, with Dolly Lenz, of Prudential Douglas Elliman, and Harvey Green, of Marcus & Millichap.
U.S. Housing Starts Rise to Highest Level Since 2008: Video
5/18/2010
May 18 (Bloomberg) -- Housing starts rose to a 672,000 annual rate last month, the highest since October 2008 and up 5.8 percent from March, Commerce Department...

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Recent Comments
Jason Harris
on 5/18/2010 - read this comment
JTB, to your point about ARMS you are right. Anybody with an ARM should at least grab another 5 years. Heck, good borrowers could probably do a no cost option under 4% with the way things look now. I am...
JTB
on 5/18/2010 - read this comment
:-) Just having some fun. You all have many people that are letting the dice roll on their ARMs adjusting? Seems I've run into some people as of late who are fine with just letting their ARMs adjust...
Rob Fleming
on 5/18/2010 - read this comment
Off the MBS subject(sorry); does anyone know a lender who will take a DU Refi Plus/FMAC Relief that currently has MI and is NOT serviced by them? All of the MI companies say they will transfer the MI Certs...
Adam Quinones
on 5/18/2010 - read this comment
re: "Who is going to make "the average consumer informed and educated enough to see what is happening?" Me. and you Frank. and Bobby. and John. and Walter. If we don't do our part the...

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