Thursday, July 1, 2010

Homebuyer Tax Credit Closing Deadline Finally Extended

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Late Wednesday night the Senate followed the lead of the House of Representatives and voted to extend the closing deadline for the popular homebuyer tax... - MND NewsWire
The Pending Home Sales Index, a forward-looking indicator, dropped 30.0 percent to 77.6 based on contracts signed in May from a reading of 110.9 in April... - MND NewsWire
The benchmark 10 year note yield is back below 3.00% and mortgage rates are at lifetime lows. Hello homeowners! Why isn't everyone (who can qualify)... - The Garrett Watts Report
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MBS Quotes
FNMA 4.0 101-12 0-03
FNMA 4.5 103-23 0-03
FNMA 5.0 105-20 -0-04
FNMA 5.5 107-09 -0-02
FNMA 6.0 108-14 0-00
Updated: 7/1/10 4:34 PM
Treasuries
3 MO 0.1700 -0.0100
2 YR 0.6300 0.0200
5 YR 1.8000 0.0100
10 YR 2.9600 -0.0100
30 YR 3.8800 -0.0300
Updated: 7/1/10 5:41 PM
Mortgage Rates
30 Yr FRM 4.62 0.02
15 Yr FRM 3.98 0.03
FHA 30 Year 4.64 0.01
Jumbo 30 Year 6.08 0.00
5/1 Yr ARM 3.50 0.01
Updated: 7/1/10 5:44 PM
Latest Video      
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What Would Happen if Fannie & Freddie Disappeared?
7/1/2010
CNBC's Steve Liesman looks into what a world without Fannie Mae and Freddie Mac would look like.
Pending Home Sales Down 30%
7/1/2010
Pending home sales fall 30 percent in May from April, with CNBC's Diana Olick.
Jobless Claims in U.S. Increased Last Week to 472,000: Video
7/1/2010
July 1 (Bloomberg) -- More Americans unexpectedly applied or jobless benefits last week, as initial jobless claims increased by 13,000 to 472,000, Labor...

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Recent Comments
Adam Quinones
on 7/1/2010 - read this comment
NEW YORK, July 1 (Reuters) - The New York Federal Reserve said Thursday that it conducted a swap of .5 billion of mortgage-backed securities in the week, the first leg of its plan to shift up to $9.2...
Kemper Lewis
on 7/1/2010 - read this comment
Everyone except HUD is aware that the new GFE is a nightmare. It makes no sense to have a good faith estimate that doesn't telll the consumer how much money they need to close a transaction. It's...
Jeff Anderson
on 7/1/2010 - read this comment
Hey AQ, is it a low volume, posturing into the Jobs Report tomorrow afternoon? Hasn't a bad report been traded in to the markets already? Would a not as bad report, say -50k "only" move the...
Frank Ceizyk
on 7/1/2010 - read this comment
Perhaps we can help Mr. Stevens avoid a crisis of confidence when the reality of these changes reveals the reality of what these updates have led to: 1 HUD's Hope:I am confident that updating the RESPA...

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If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/161141.aspx