Wednesday, September 29, 2010

Mortgage Rates Dip Below 4.25%. Closing Costs Rise

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/174287.aspx

You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.


HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
Mortgage rates touched record lows yesterday. Unfortunately mortgage rates rose from those record lows today. Mortgage rates didn't really "rise" though... - Mortgage Rate Watch
New pre-election refi plan; rate sheet rates moving lower along with profit margins; Wells exec speaks out on mortgage future - Pipeline Press
The Harvard report on The State of the Nation's Housing reports that both household income and household wealth have dropped since the beginning of... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 102-22 -0-09
FNMA 4.5 104-05 -0-02
FNMA 5.0 105-10 0-00
FNMA 5.5 106-07 -0-03
FNMA 6.0 107-12 0-00
Updated: 9/29/10 4:31 PM
Treasuries
3 MO 0.1600 0.0000
2 YR 0.4400 0.0700
5 YR 1.2800 0.0300
10 YR 2.5200 0.0400
30 YR 3.6900 0.0300
Updated: 9/29/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.32 0.01
15 Yr FRM 3.71 -0.01
FHA 30 Year 4.36 0.01
Jumbo 30 Year 5.52 0.00
5/1 Yr ARM 3.55 -0.01
Updated: 9/29/10 5:00 PM
Latest Video      
View:All Videos
Reviving Housing
9/29/2010
Discussing solutions to fix the underwater mortgage crisis and ways to jump-start the American recovery, with David Berenbaum, National Community Reinvestment...
Credit Conundrum
9/29/2010
A look at why investors are shunning sovereign debt but plowing into corporate debt, with Tim Backshall, of Credit Derivatives Research.
Realty Check: Loan Demand
9/29/2010
Home loan demand fell for the fourth straight week, reports CNBC Diana Olick. She has more on this and other real estate headlines.

Advertise With Mortgage News Daily
JOIN THE CONVERSATION
Recent Comments
Amy Tierce
on 9/29/2010 - read this comment
We are being re-trained as an industry. Yes, we can close a very well documented loan in two weeks with some amount of stress. But today there is no common sense, the lenders are tellling us that full...
Frank Ceizyk
on 9/28/2010 - read this comment
This environment enables us to show our expertise as more than just app taking salesmen--the truth is we got lazy and spoiled by stated income guidelines, streamline underwriting findings and driveby appraisals...
Ray J
on 9/28/2010 - read this comment
I hear you Adam. I deal with similar issues regularly. What's the solution? A common sense approach to underwriting? We are already hyperregulated and it seems to me noting done over the last year...
Adam Dahill
on 9/28/2010 - read this comment
Rates are great but lenders are incompetent and turn times are HORRENDOUS. Why can't they get their act together and improve the process is what I ask? Client making 1million taking a loan for 200k...

Mortgage News Daily


You were sent this email because you opted to receive email notifications when a new article was published. Please visit here and update your subscriptions if you no longer wish to receive updates.

Forward this email:  Send a copy of this story to someone you know that may want to read it.

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/newsletter/174287.aspx