Friday, September 23, 2011

Mortgage Rates Rise Slightly Heading Into The Weekend

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Sep 23, 2011 3:57PM

Mortgage Rates Rise Slightly Heading Into The Weekend

After two days of significant improvements, Mortgage Rates took a measured step back today. Best-Execution rates rose about an eighth of a point, but in some cases, your rate may not have changed at all today-merely your closing cost quote. (temporary caveat that we'll probably repeat a few more times): Please keep in mind that lenders simply cannot move mortgage rates lower at the same pace as a rapid rally in Benchmark Treasuries. Although you might hear talking heads on TV or read articles saying...

Sep 23, 2011 11:50AM

Commercial/Multifamily Debt Increases to headline.4 Trillion, First Increase Since 2009

For the first time in seven quarters the level of outstanding commercial/multifamily mortgage debt grew in the U.S according to information released Thursday by the Mortgage Bankers Association (MBA). The Association said that total debt rose $3.5 billion or 0.1 percent in the second quarter of 2011 to a total of headline.4 trillion. The last time total debt increased was in the third quarter of 2009. Investment in multifamily mortgage debt increased by $3.9 billion or 0.5 percent 0from first quarter 2011...


Micro News

4:18 PM:

Quick Chart of 3.5 Coupon MBS Since Tuesday

3:51 PM:

Fed Chair Bernanke: Research into Financial Crisis Essential

3:49 PM:

Fed Gov. Duke Discusses Steps to Rebalance Housing Market

12:22 PM:

Reprices for the Worse Reported, More are Possible

10:06 AM:

Management of MISMO to Transfer to MBA

9:32 AM:

MBS Sharply Lower, but Rate Sheets May Not Follow

9:31 AM:

Freddie Mac Issues Monthly Volume Summary for August 2011

9:28 AM:

FHFA Reports Fannie and Freddie G-Fees Increased in 2009-2010

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Today's Comments

Adam Quinones

"Less mkt uncertainty will tighten CC #MBS yield spreads. The Fed's bid will intensify that move, then provide stability."

Jeff Anderson

"I like the 3.5 vs 4.0 chart. haven't seen that before. Awesome breakdown, as usual, MG."

Frank Ceizyk

"The simple truth is we have gotten what we have because we offered nothing as an alternative. The interpretation of how to implement all of the new regulations..."

Today's Q&A

Anonymous

"What are g-fees?"

Anonymous

"Why value does mortgage servicing have to a bank or company?"

Anonymous

"RE short sale; if the selling price exceeds the banks agreed..."