Wednesday, September 1, 2010

New Mortgage Rate Lows Lost as Stocks Rally and Bonds Correct

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
After weeks of stagnation, stocks finally took their turn in the spotlight today. As money moved out of the bond market and into equities, mortgage-backed... - Mortgage Rate Watch
Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of original... - MND NewsWire
MBS valuations were also given a boost when the FOMC Minutes revealed the Fed had discussed the notion of reinvesting MBS prepays back into the TBA MBS... - MBS Commentary
jeffer90576
MBS Quotes
FNMA 4.0 103-07 -0-11
FNMA 4.5 104-26 -0-06
FNMA 5.0 106-01 -0-05
FNMA 5.5 106-26 -0-04
FNMA 6.0 107-18 -0-03
Updated: 9/1/10 4:31 PM
Treasuries
3 MO 0.1300 -0.0100
2 YR 0.5000 0.0300
5 YR 1.4100 0.0800
10 YR 2.5800 0.1100
30 YR 3.6500 0.1300
Updated: 9/1/10 5:50 PM
Mortgage Rates
30 Yr FRM 4.33 0.03
15 Yr FRM 3.75 0.04
FHA 30 Year 4.37 0.02
Jumbo 30 Year 5.53 0.03
5/1 Yr ARM 3.49 0.03
Updated: 9/1/10 5:33 PM
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Recent Comments
Rob Stapleton
on 9/1/2010 - read this comment
These figures may show increases, but do not show the other side of the market, those who would like to refi but do not meet the increased credit requirements either by income or other increased credit...
John White
on 9/1/2010 - read this comment
I had to pare off a higher rate lock and relock at the lower rate for a lovely rate shopper (try saying that one fast) this morning so the stock ticker going up was a blessing in disguise. AQ- I agree...
Larry Gray
on 9/1/2010 - read this comment
Sierra Pacific usually reads it for what is...only .15 worse. I'm still reading it like AQ does...volatility folks! And yes, it sure seems like we bottomed out. I locked one late yesterday but otherwise...
Adam Quinones
on 9/1/2010 - read this comment
NEW YORK, Sept 1 (Reuters) - U.S. private employers unexpectedly cut 10,000 jobs in August compared to a revised gain of 37,000 in July, a report by a payrolls processor showed on Wednesday. The July figure...

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