Monday, April 9, 2012

Mortgage Rates Stay Low After Friday's Solid Performance

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Apr 9, 2012 3:15PM

Mortgage Rates Stay Low After Friday's Solid Performance

Mortgages Rates improved very slightly in most cases today, though some lenders' rates were unchanged. This follows a strong move lower by most lenders on Friday after a weaker-than-expected Jobs report. There's a greater-than-normal variability between lender offerings, but in general, mortgage rates are near their best levels of the month. The Best-Execution Conventional 30yr Fixed Rate is now in a transitional territory between 3.875% and 4.0% with the latter still constituting the best bang for...

Apr 9, 2012 4:11PM

MBS RECAP: Overwhelmingly Slow Today, Auctions Ahead

Move along, there's nothing to see here... Really... At this point, today's volume in several sectors is on pace to be the lowest of the year. Like an unfinished, unpainted 2x4, MBS and Treasuries have been flat, boring, and rigid in their sideways support


Micro News

1:47 PM:

Unofficial Three Day Weekend Continues Uneventfully

10:19 AM:

Bond Markets Continue Holding Friday's Gains in Light Volume

8:40 AM:

ECON: Chicago Midwest Manufacturing Output Increased in Feb

9:03 AM:

Weaker-Than-Expected NFP... Cue "Rally Mode" For Bond Market

8:38 AM:

ECON: Non-Farm Payrolls Fall Way Short of Expectations

2:51 PM:

Uneventful Afternoon, Volume Lower, MBS Holding Gains

12:00 PM:

Bond Markets Holding Gains as Volume Dies Down

10:03 AM:

Fredddie Mac: 30-Year FRM Ticks Down to 3.98 Percent

Around the Web

Video News

U.S. Housing Market, FHA Mortgage Insurance

Pimco's El-Erian on U.S. Economy, Stock Market

Big Week for Banks


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

"can my mother deed her house to her children without fair market value being paid?"

"2009 FHA loan Refinance from bofa"

"how do I get a list of all reo properties available now in Cameron Co. Texas"