Thursday, July 29, 2010

America Has a "Home Problem" - Vacancy Rate Near Historic High

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The Census Department released its survey of Residential Vacancies and Homeownership for the second quarter of 2010 which indicated that vacancies of both... - MND NewsWire
I suppose the first step of this scenario coming true is the "double-dip". Some folks say the deflationary spiral has already taken hold, others... - Mortgage Rate Watch
The Administration has begun to telegraph its intentions to move forward with reforms of the housing finance system. A conference will be held next month... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 102-07 0-06
FNMA 4.5 104-16 0-09
FNMA 5.0 106-18 0-06
FNMA 5.5 107-28 0-05
FNMA 6.0 108-28 0-02
Updated: 7/29/10 4:30 PM
Treasuries
3 MO 0.1500 0.0000
2 YR 0.5900 -0.0200
5 YR 1.7000 -0.0500
10 YR 3.0300 0.0000
30 YR 4.0800 0.0100
Updated: 7/29/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.60 -0.03
15 Yr FRM 3.99 -0.04
FHA 30 Year 4.62 -0.03
Jumbo 30 Year 6.01 -0.03
5/1 Yr ARM 3.62 -0.04
Updated: 7/29/10 2:25 PM
Latest Video      
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Barney Frank Reaction
7/29/2010
Reacting to Barney Frank's comments on financial reform with Phillip Swagel, a business professor at Georgetown, and CNBC's John Harwood.
RealtyTrac Sees `Slim Chances' of Recovery for U.S. Housing: Video
7/29/2010
July 29 (Bloomberg) -- Rick Sharga talks with Bloomberg's Mark Crumpton about U.S. foreclosure filings. Foreclosures climbed in three-quarters of U...
Fed's Bullard Compares US to Japan
7/29/2010
Michael Ryan, head of UBS Wealth Management Research, reacts to Bullard's comments and tells CNBC he's neutral on the markets.

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Recent Comments
Larry Gray
on 7/29/2010 - read this comment
Even lower rate/pricing...that is great as long as it increases purchases of homes! All lenders need to put purchases loans at the head of the line over all refinance loans. Some lenders, believe or not...
Edgar
on 7/29/2010 - read this comment
My concern about rates going lower is turn times....other than the price leader most of our lenders are at 1-2 weeks and one is at 4 weeks. I am hearing that the last 2 weeks a ton of submission have been...
Amy Tierce
on 7/29/2010 - read this comment
Great commentary AQ. I beleive that the next step would be to create a true streamline refinance. If a borrower with a 60 back end ratio has a perfect payment history, excellent credit and reserves they...
Frank Ceizyk
on 7/28/2010 - read this comment
I vote for what AQ said: With that in mind, we have to start thinking about the idea of another attempt at HARP & DU REFI PLUS. Or maybe just get rid of the LLPAs for LTVs up to 125%, and you'll...

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