Wednesday, June 23, 2010

Housing Headlines Disappoint. Mortgage Rates at 2009 Lows

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
MBS prices are at all-time highs (AGAIN) and I think we can officially say mortgage rates are priced at their best levels ever. If not, we're pretty... - Mortgage Rate Watch
Defaulting borrowers who walk-away and had the capacity to pay or did not complete a workout alternative in good faith will be ineligible for a new Fannie... - MND NewsWire
The Market Composite Index, a measure of mortgage loan application volume, decreased 5.9 percent on a seasonally adjusted basis from one week earlier.... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 100-27 0-03
FNMA 4.5 103-12 0-04
FNMA 5.0 105-28 0-04
FNMA 5.5 107-15 0-00
FNMA 6.0 108-08 0-00
Updated: 6/23/10 4:40 PM
Treasuries
3 MO 0.1300 0.0000
2 YR 0.6600 -0.0500
5 YR 1.9300 -0.0500
10 YR 3.1300 -0.0500
30 YR 4.0500 -0.0500
Updated: 6/23/10 5:50 PM
Mortgage Rates
30 Yr FRM 4.68 -0.07
15 Yr FRM 4.01 -0.07
FHA 30 Year 4.70 -0.07
Jumbo 30 Year 6.25 -0.10
5/1 Yr ARM 3.59 -0.09
Updated: 6/23/10 8:33 PM
Latest Video      
View:All Videos
Columbia's Christopher Mayer Discusses U.S. Housing: Video
6/23/2010
June 23 (Bloomberg) -- Christopher Mayer, a professor at Columbia University, talks with Bloomberg's Matt Miller about the outlook for the U.S. housing...
U.S. Stocks Fall on Fed Comments, Drop in New Home Sales: Video
6/23/2010
June 23 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. Stocks dropped, Treasuries rose and...
Double-Dip in Housing on the Table?
6/23/2010
The Fast Money traders discuss whether we could see a double-dip in housing. They're joined by Nishu Sood, an analyst at Deutsche Bank.

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Recent Comments
Adam Quinones
on 6/23/2010 - read this comment
and there's an update on your tax credit legislation: http://www.examiner.com/x-27052-Rochester-Unemployment-Examiner~y2010m6d17-Extended-unemployment-HR-Republican-demands-stall-HR-4213-Sen-Hatch...
Adam Dahill
on 6/23/2010 - read this comment
What's the over-under on extension of closing date for tax credit? I don't have a lot of those but the ones I do have are freaking out due to poor turntimes at banks.
Owl Tree
on 6/23/2010 - read this comment
From what I heard yesterday, there seems to be a consensus to exclude the 5% requirement on "vanilla" (e.g., 30 year fixed) deals. Hopefully that can be expanded to include loans which demonstrate...
Adam Quinones
on 6/22/2010 - read this comment
no it helped a lot. think of it from a mathematical perspective. those bonds are very sensitive to shifts in the interest rate environment. this adds risk to investing in mortgages (extension risk). the...

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