Markets Push Mortgage Rates Back To The Edge

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Oct 14, 2011 4:12PM Late Day Stock Rally Pressures MBS Lower From a recent alert on the MBS Dashboard: "Late day illiquidity and a stock market rally are weighing on MBS this afternoon. Prices are in line with their lows of the day and while the reprice scene has been fairly quiet today, it's not out of the realm of possibility for a lender or two to take some rebate off the table heading into the weekend. Fannie 3.5's are down 12 ticks on the day at 100-22 and 4.0's are down 8 ticks at 103-03" Since that alert, MBS have gained back a few ticks, making things... Oct 14, 2011 4:19PM MBS RECAP: 10/14/2011 Late day illiquidity and a stock market rally are weighing on MBS this afternoon. Prices are in line with their lows of the day and while the reprice scene has been fairly quiet today, it's not out of the realm of possibility for a lender or two to take Markets Push Mortgage Rates Back To The Edge Housing Utopia Servicing Examination Manual; MetLife - Business as Usual? JPM Chase Mortgage Numbers MBS Struggling to Find Buyers. TSYs Holding Support MBS MID-DAY: 10/14/2011 Servicing Examination Manual; MetLife - Business as Usual? JPM Chase Mortgage Numbers View: Front Page | Headline Viewer Micro News 3:59 PM: Reprices For The Worse Possible as MBS Fade 2:40 PM: Fed: Agencies Release Guidance and Proposed Revisions to Interagency Questions and Answers Regarding Flood Insurance 10:09 AM: WSJ: Plan Floated to Spread Risk in Mortgage Bonds 10:04 AM: ECON: Business Inventories Rise .5 pct in August 10:00 AM: ECON: Consumer Sentiment Misses Expectations. Helping MBS 9:25 AM: SIGTARP: Woman Admits Role in Mortgage Fraud Against TARP-Funded Banks 8:53 AM: MBS Near Lowest Levels Since Mid September This Morning 8:38 AM: ECON: Import/Export Prices Both Rise Slightly in September »View All Micro News Around the Web CUs called to action on proposed repeal of Durbin amendment CULookup.com traffic soars Yale Professors Offer Economic Prescriptions NCUA Releases 2010 Annual Report, "Resilience and the Road Ahead" ABA Statement on House Bill to Repeal Durbin Amendment Federal Reserve Board issues enforcement action with Anchor Commercial Bank »View More Around the Web Video News Peltier Says U.S. Housing Recovery Will Begin in 2012 Deflating China's Housing Bubble The Tyranny of Low Interest Rates »View More Video News Today's Comments "Totally agree with you comments. I have been constantly warning my LO's about repeat of last year and have been locking our pipe quickly because of..." "I sell USDA-RD loans directly to CHASE. I don't have a relationship with their other govvie and conventional lines, but for some reason they deal with..." "when I hear, "but the paper said... " my response has been "well call the paper and ask them for a loan at 3% with no closing costs"" »View More Comments Today's Q&A "Any way to refinance a rental home with no equity?" "What is robo-signing in relation to mortgages?" "If I foreclose, do I have to pay foreclosure and attorney fees?" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.21 0.07 15YR 3.49 0.04 FHA30YR 3.83 0.04 Jumbo30YR 4.38 0.09 5/1ARM 3.25 0.00 MBS Quotes 30YR FNMA 3 100-23 -0-11 30YR FNMA 4 103-03 -0-08 30YR FNMA 4 104-31 -0-05 30YR FNMA 5 106-32 -0-02 Treasuries 2 YR 0.2694 -0.0116 3 YR 0.5053 -0.0057 5 YR 1.1170 0.0160 7 YR 1.7172 0.0492 10 YR 2.2513 0.0693 30 YR 3.2392 0.0872 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application 1.28% Mortgage Refinance 1.33% Mortgage Purchase 1.08% Construction 1.37% Pending Home -1.23% S&P/Case Shiller 0.91% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031