Thursday, December 16, 2010

Over Engineered Government Housing Aid Still Playing Catch Up

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
Government sponsored and engineered programs like Help or Homeowners, HomeSaver, HAMP, HARP, etc, etc have struggled to stay ahead of an unprecedented... - Voice of Housing
Activity in all three stages of the foreclosure process declined in November, both from the previous month and the numbers one year earlier. Some of the... - MND NewsWire
The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for November 2010. - MND NewsWire
jeffer90576
MBS Quotes
FNMA 3.5 93-30 1-00
FNMA 4.0 97-29 0-27
FNMA 4.5 101-03 0-20
FNMA 5.0 103-29 0-12
FNMA 5.5 105-27 0-00
FNMA 6.0 107-26 -0-01
Updated: 12/16/10 4:35 PM
Treasuries
3 MO 0.1300 -0.0100
2 YR 0.6600 -0.0200
5 YR 2.0600 -0.0500
10 YR 3.4700 -0.0600
30 YR 4.5700 -0.0200
Updated: 12/16/10 5:42 PM
Mortgage Rates
30 Yr FRM 4.95 0.09
15 Yr FRM 4.29 0.03
FHA 30 Year 4.92 0.04
Jumbo 30 Year 5.93 0.01
5/1 Yr ARM 4.01 0.00
Updated: 12/16/10 6:10 PM
Latest Video      
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CME Group Chairman Speaks
12/16/2010
Why speculators are not fueling price increases, with Terry Duffy, CME Group executive chairman.
Citi's Bank of the Future
12/16/2010
Citi is on the comeback trail, with Vikram Pandit, Citi, and CNBC's Michelle Caruso-Cabrera.
Kaufman Says U.S. Rebound Stalled by Housing, Labor Woes
12/16/2010
Dec. 16 (Bloomberg) -- Edward Kaufman, chairman of the Congressional Oversight Panel for the Troubled Asset Relief Program, discusses U.S. Treasury Secretary...

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Recent Comments
Craig LaBruno
on 12/16/2010 - read this comment
I've seen a few Reprices for the better over the past hour. Let's hope we can gain some momentum here going forward. I know its most likely not going to happen but stranger things have happened...
Adam Quinones
on 12/16/2010 - read this comment
Treasury Secretary TIIIMMMMAAAAAY said this today: "The housing market also remains weak. We are continuing to support new housing credit and apply downward pressure to mortgage rates through agreements...
Frank Ceizyk
on 12/16/2010 - read this comment
John-Although I certainly agree with many of your points, and with Don that debt is enslaving our economy, I wonder if it is as "out of control" as we think. We have seen this kind of global...
Don
on 12/15/2010 - read this comment
John +1, The problem is most of the sheeple can't define "fiat currency", let alone, explain fractional reserve banking. Keep ranting!!! I pray for the day that the American people wake up...

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