Home Loans Mortgage: Mortgage Rates: Closing Costs Creep Higher After Treasury Auction

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Jan 11, 2011 4:33PM

Mortgage Rates: Closing Costs Creep Higher After Treasury Auction

It was an interesting day for mortgage rates. Benchmark Treasury yields rose and MBS prices fell which forced lenders to reprice for the worse. However, as paradoxical as it seems, best execution mortgage rates are actually DOWN on average, but the cost to obtain those rates is UP.

Jan 11, 2011 2:43PM

Wild Wild West Housing Market: Are Ghost Towns Making a Comeback?

While there is not evidence that major U.S. cities will fade into oblivion because of the economic downturn, a new MBA study looks as the possibility that some neighborhoods and submarkets may have reached a tipping point in their viability.

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Micro News

5:02 PM:	Quality And Amount Of Econ Data Improve Tomorrow Plus the 10yr Auction
4:16 PM:	MBS RECAP: 1/11/2011
4:09 PM:	MBS Spreads Widen Out as Yield Curve Steepens
3:43 PM:	Prepare for the Roll. It's Class A Notification Day!
3:42 PM:	New Mortgage Rate Watch Post
3:38 PM:	More Reprices Seen And Drifting Sideways After Hours
3:23 PM:	Class A MBS Roll Already Baked into Loan Pricing
2:57 PM:	Thinly Traded MBS Feel the Heat From Moderate Benchmark Pullback

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