Mortgage Rates Crush Previous All-Time Lows

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Jul 23, 2012 2:23PM Mortgage Rates Crush Previous All-Time Lows Mortgage Rates are on an undisputed tear, moving more today than any day in the past 3 weeks of progressive movement into new all-time lows. The week began much like the previous week ended, with concerns over the European financial system pulling all manner of 'safe-haven' bond yields lower, among them MBS (the Mortgage-Backed-Securities that most directly influence mortgage rates). Once again, there was nothing on the domestic economic calendar and corporate earnings had little effect next to news... Jul 23, 2012 4:15PM MBS RECAP: Closing At All Time Highs Despite Afternoon Losses It's tough to say whether or not reprice risk will increase this afternoon because that possibility depends largely on price action that has yet to occur and may never occur. We've seen one negative reprice already, but it was from a known "pipeline controller FinCen Compliance for Lenders Coming; Mortgage Production and Secondary Jobs; Lender and Agency Updates Security vs. Rate Sheet Prices; Big Bank Earnings and Layoffs; Eminent Domain Conference Call MBS MID-DAY: Backing Off Slightly From All Time Highs Yes, Qualified Mortgage Rules are a BIG Deal for the Lending and Real Estate Industry The Week Ahead: Relatively Docile Economic Calendar Leaves Europe In Focus Critique Of Foreclosure Review Process Increasingly Cited By Consumer Groups View: Front Page | Headline Viewer Micro News 3:08 PM: Reprices Risk Depends On The Prevalence Of Afternoon Liquidity Problems 11:20 AM: Falling To Lows Of The Morning After Fed Buyback Details 9:28 AM: Bond Markets Continue Trading Near All-Time Levels 3:02 PM: After Dashing To New All-Time Highs, Liquidity A Concern For MBS Late 9:55 AM: Bond Markets Stronger Overnight And Holding Gains On Euro Headlines 1:29 PM: TIPS Auction Keeps The Pressure On 10's. MBS Try To Hold On 12:40 PM: Stocks, Euro, Treasury Yields All Higher As MBS Fight The Good FIght 10:31 AM: Bond Markets Struggle To Bounce Back After Weak Econ Data »View All Micro News Around the Web Attorney General Ellen Rosenblum Announces Adoption of Rules for Home Mortgage Loan Servicers Moody's lowers outlook on Germany to negative Investors Who Stay in Treasurys 'Will See a Haircut': Gross Money Mag Shows Us How To ?Think Like an Appraiser' Fannie Mae, Freddie Mac Getting Receivership Contingency Plan - Bloomberg US Housing Inventory Requiring Deleveraging: 30 Million Units »View More Around the Web Video News BlackRock's Rosenberg on Fixed-Income Markets Midday Bond Report 90 Seconds with Art Cashin: 'Europe's Real Danger' »View More Video News Today's Comments "There will be two types of mortgages......"Qualified Mortgages", and "Denials"" ""the CFPB qualified mortgage rule seeks to prevent future housing market bubbles by standardizing how mortgage lenders document an applicant's..." "it may point to a more general rule; information alone is not sufficient to change attitudes, only actual experience is. --ummm...so we're happy that..." »View More Comments Today's Q&A "Is there a new law or tax implication ie. 1099 in 2013 if you sort sale or foreclose?" "Locked in refi rate, payed appraisal, delayed closing 75 days re-ran credit, and DONT qualify?" "double mortgage on existing home and manufactured home?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.53 -0.07 15YR 2.85 -0.04 FHA30YR 3.41 -0.08 Jumbo30YR 3.97 -0.03 5/1ARM 2.96 -0.01 MBS Quotes 30YR FNMA 3 106-08 0-04 30YR FNMA 4 107-08 -0-01 30YR FNMA 4 108-04 -0-02 30YR FNMA 5 108-27 -0-02 Treasuries 2 YR 0.2136 0.0076 3 YR 0.2790 -0.0050 5 YR 0.5635 -0.0125 7 YR 0.9219 -0.0131 10 YR 1.4381 -0.0199 30 YR 2.5095 -0.0365 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -7.05% Mortgage Refinance -8.31% Mortgage Purchase -1.44% S&P/Case Shiller 1.28% Existing Home -1.52% New Home Sales 7.58% 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 © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031