Wednesday, December 29, 2010

HUD Awards Extra Funding to Housing Counselors

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HUD has announced the award of $73 million in funds for housing counseling. This is a 22 percent increase over the funds that were available last year... - MND NewsWire
It was another volatile day in mortgage-land. But this time volatility worked out in our favor. We erased yesterday's loan pricing losses! - Mortgage Rate Watch
David Blitzer summed up the October data with this statement, "The double-dip is almost here, as six cities set new lows for the period since the 2006... - MND NewsWire
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MBS Quotes
FNMA 3.5 94-24 1-10
FNMA 4.0 99-00 1-08
FNMA 4.5 102-07 0-30
FNMA 5.0 104-25 0-20
FNMA 5.5 106-27 0-13
FNMA 6.0 108-13 0-05
Updated: 12/29/10 4:34 PM
Treasuries
3 MO 0.1300 -0.0079
2 YR 0.6400 -0.1033
5 YR 2.0300 -0.1151
10 YR 3.3500 -0.1295
30 YR 4.4100 -0.1219
Updated: 12/29/10 5:42 PM
Mortgage Rates
30 Yr FRM 4.90 -0.04
15 Yr FRM 4.29 -0.04
FHA 30 Year 4.78 -0.03
Jumbo 30 Year 5.88 -0.03
5/1 Yr ARM 3.98 -0.04
Updated: 12/29/10 5:40 PM
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Recent Comments
Nate Miller
on 12/29/2010 - read this comment
take 4.75% if you can get it and move on!
Adam Quinones
on 12/29/2010 - read this comment
definitely agree JRB. 10s must break several layers of resistance before FN 4.0s are priced back in the 101 handle and mortgage rates below 4.50% are available again. I'm not sure how long that would...
JRB
on 12/29/2010 - read this comment
AQ- from a technical standpoint, what do you think is a reasonable timeframe to recover our losses and see the 4.0 coupon back in the picture at 100+? Of course I am just being hopeful we will see a complete...
Neil Grham
on 12/28/2010 - read this comment
The default market seems to be the driving force, behind declining home values. That and the overwhelming inventory of homes, it is going to be quite a while until the housing market rights itself.

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Posted by Tommy Wyman at 2:54 PM