Monday, October 31, 2011

Reversal of Fortune For Mortgage Rates

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Oct 31, 2011 3:35PM

Reversal of Fortune For Mortgage Rates

Building on Friday's strength, Mortgage Rates have experienced an almost complete reversal of fortune versus the weakness that surrounded the EU Summit. Movements. We can clearly consider "The Wall" at 4.25% discussed last week to have held firm despite coming frighteningly close to breaking it on Thursday. Ironically, rates are much less frightening on Halloween as Best-Execution moved decisively lower to straddle 4.0% and 4.125% today. Today's Rates: BESTEXECUTION 30YR FIXED - solidly 4.125 for...

Oct 31, 2011 10:07AM

Social Media Marketing for Loan Officers Workshop; Mortgage Jobs; MERS in the News Again

Welcome to Halloween. On this day every year Ops managers across the nation struggle between month-end funding and shipping more loans, or in judging the various department's Halloween decorating contests and sampling the potluck fare in the lunch room. Good luck! Here's something for those Bank of America and MetLife folks who are keeping their ears open. Caliber Funding , a Dallas-based lender licensed in 44 states with wholesale, retail, and mini-correspondent channels, is aggressively growing...


Micro News

4:16 PM:

Additional Positive Reprices as MBS Stay Strong All Day

12:02 PM:

Several Price Improvements, But Exceptions Vs Rules Unless Rally Resumes

10:20 AM:

FHFA Edward DeMarco Q&A (C-SPAN): HARP 2.0, Principal Writedowns, etc.

10:01 AM:

ECON: Chicago ISM, Lower Than Expected, but Losses Stabilizing

9:09 AM:

NYT: FED Panel is Divided on Direction; MBS Purchases

8:44 AM:

MBS Beginning The Week in Much Better Shape. FOMC, NFP Loom

4:34 PM:

Lessons From The Past 2 Sessions Ahead of a Busy Week

12:00 PM:

MBS Gains Picking Up Steam. Reprices For The Better.

Around the Web

Video News

Rick Santelli Weighs in on MF Global

Rick Santelli's Midday Bond Update

Rudin Sees Pickup in NYC Commercial Property Demand


Today's Comments

Jason Harris

"Regardless of your politics it is a bit much to be against a program as common sense as harp."

Frank Ceizyk

"Anne/Brett-such a tired weak argument to say "free markets" will save all. As long as large lobbying firms are empowered with the ability to..."

Anne Murray-Randolph

"I just don't see where it's the government's place to refinance people who are underwater so they can take the savings and pay off other debts..."

Today's Q&A

"Monthly Mortgage Rates in XLS format"

" Can a credit union holding a delinquent HELOC loan (2nd)sell the loan to a collector? "

"Short Sale to Lease - How would a program like this work?"