Wednesday, August 18, 2010

USDA Rural Housing Program: Where's the Funding?

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Three weeks have passed, the Congress did their job and appropriated unlimited funding for the USDA Rural Housing Program, yet all loans under Section... - MND NewsWire
Interesting...the MBA says mortgage rates actually rose last week. I have to disagree with that, mortgage rates did improve last week, but I understand... - MND NewsWire
Today the Federal Reserve Board announced the final rule on loan originator compensation practices. The new rules apply to mortgage brokers and the companies... - MND NewsWire
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MBS Quotes
FNMA 4.0 102-13 -0-04
FNMA 4.5 104-03 -0-09
FNMA 5.0 105-16 -0-12
FNMA 5.5 106-16 -0-11
FNMA 6.0 107-24 -0-03
Updated: 8/18/10 4:32 PM
Treasuries
3 MO 0.1501 -0.0199
2 YR 0.4959 -0.0241
5 YR 1.4348 -0.0052
10 YR 2.6321 -0.0079
30 YR 3.7331 -0.0369
Updated: 8/18/10 5:14 PM
Mortgage Rates
30 Yr FRM 4.39 0.03
15 Yr FRM 3.78 0.02
FHA 30 Year 4.45 0.03
Jumbo 30 Year 5.63 0.04
5/1 Yr ARM 3.46 0.01
Updated: 8/18/10 5:05 PM
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Aug. 18 (Bloomberg) -- Susan Wachter, a real estate professor at the Wharton School at the University of Pennsylvania, talks about the U.S. housing market...

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Recent Comments
Adam Quinones
on 8/18/2010 - read this comment
We have to learn to accept the new rules and regulations being passed down to us. They are here to stay whether we feel we deserve them or not. All we can do is play the hand that's been dealt. The...
Frank Ceizyk
on 8/18/2010 - read this comment
Final point: I will say this for the Don Chronicles: It is saddening that an article about our compensation and a post that criticizes our whining about the reduction in profit is the only thing that motivates...
Anthony Tomasi
on 8/18/2010 - read this comment
17 day turn time for a conventional refi at WF, thats quite an increase!
Rob Ellis
on 8/18/2010 - read this comment
Per your question Adam the majority of my refinancing is streamlining FHA loans closed in the last few years. A couple customers have rolled their 1st and HELOC's (interest only) together. Unfortunately...

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