Wednesday, April 11, 2012

Mortgage Rates Hit Snag; Application Volume Down

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Apr 11, 2012 4:43PM

Mortgage Rates Hit Snag Following Recent Improvements

Recent improvements in Mortgages Rates hit a snag today , and rose to fall roughly in line with Friday's levels. However, with the exception of the past 3 days, Friday's rate sheet offerings were the strongest since early March. There continues to be a greater-than-normal variability between lender offerings. Yesterday's rate sheets were strong enough for us to say the following: The Best-Execution Conventional 30yr Fixed Rate is probably best viewed as 3.875% for flawless scenarios, and 4.0% for...

Apr 11, 2012 10:48AM

Targeting Slower Prepay Speeds With Specified Pools

Last week's head-fake selloff and subsequent rally have put MBS prices back in sight of their early-February (and all-time) highs. This in turn has forced investors to look for ways to improve their investment results and carry-adjusted returns. Research over the last decade has demonstrated that a number of attributes result in improved prepayment performance-in a market where the weighted average dollar price is in the area of 104, this means that investors want MBS with slower prepayment speeds...


Micro News

2:43 PM:

ECON: Rising Energy Cost Concerns Reflected in Beige Book

2:27 PM:

ECON: Budget Gap Widens, Chalked Up to Accounting Change

1:23 PM:

Supportive Bounce Back Materializing... Positive Shift in Risk

1:06 PM:

Caution! First Move is Weaker Following Auction

12:41 PM:

10yr Auction Preview

11:00 AM:

Slow Morning in Terms of Price Action, But Decent Volume

9:10 AM:

Bond Markets Slightly Weaker Overnight, Lockhart Helps

8:38 AM:

ECON: Import/Export Prices Rise at Fastest Pace in 11 Months

Around the Web

Video News

Breaking News: The Beige Book

Anticipating Today's Fed Speech

2012: Year of Housing Recovery?


Today's Comments

Donald Scott

"Great article... but the million dollar question is "Is Wells actually exiting from Correspondent Lending"..? There has been a lot of speculation..."

Frank Ceizyk

"Really?: "The premise behind a modification was that if we lowered the payment they would continue to pay. The result of that exercise hasn't..."

Mike Lesmeister

"These results are not surprising. With so many loans that fall out, agents want to partner with lenders that they have a high level of confidence can get..."

Today's Q&A

"Why would best execution rates for ideal scenarios vary locally from what we see on the MND blog? "

"Looking for a True No-Cost/No Fee Refi"

"Is it possible for someone to buy a home, still owe on it and transfer ownership to a family member?"