Thursday, October 22, 2009

Fed Keeps Market Balanced All Day; Condo Regs Delayed

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Home Today's Headlines ATW Forums Q&A Mortgage Rates  
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MBS Quotes
FNMA 4.0 98-04 0-00
FNMA 4.5 100-23 -0-03
FNMA 5.0 103-06 -0-01
FNMA 5.5 104-27 0-02
FNMA 6.0 105-26 0-02
Updated: 10/22/09 4:33 PM
Treasuries
3 MO 0.0436 -0.0264
2 YR 0.9428 -0.0572
5 YR 2.3580 -0.0220
10 YR 3.4188 -0.0012
30 YR 4.2407 0.0207
Updated: 10/22/09 5:00 PM
Mortgage Rates
30 Yr FRM 4.99 0.03
15 Yr FRM 4.48 0.04
FHA 30 Year 5.14 0.02
Jumbo 30 Year 5.98 0.02
5/1 Yr ARM 3.94 0.05
Updated: 10/22/09 1:47 PM
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Update - Defending the Consumer
10/22/2009
Proposal for a Consumer Financial Protection Agency Approved by House Panel, 39-29 (Bloomberg News)
Earnings Roundup 10.21
10/22/2009
Travelers Posts First Quarterly Profit Increase Since 2007; McDonald's, 3M, and AT&T All Post Positive Earnings; New York Times and PNC Financial...
Extend Homebuyer Tax Credit?
10/22/2009
Discussing whether the government can afford to continue the homebuyer tax credit program, with Kenneth Rosen, UC Berkeley; J.D. Foster, Heritage Foundation;...

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Recent Comments
Victor Burek
on 10/22/2009 - read this comment
I think there will be some more localized pain but some markets, for example where i am in Dallas, i feel are not going to decline any further. I am concerned about the tax credit going away and the effects...
Terry Colabrese
on 10/22/2009 - read this comment
I don't get it? I have had 2 lenders improve pricing already today (slightly). The 10 bps improvement almost isn't worth it, so why would they want to pass anything on with how range bound MBS...
John R. Wilson
on 10/22/2009 - read this comment
I do think that the 8K first time buyer incentive is a good program for this time and this market. However, when the program expires, it will leave a huge void in demand as a large percentage of current...
Andrew Russell
on 10/22/2009 - read this comment
The housing market in New York is difficult to depict and label as stabilized/appreciating/depreciating as a whole. There are parts of Queens county that are impossible to appraise because all sales are...

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Wednesday, October 21, 2009

Rates Rally as Stocks Plummet; State of Housing; Fed Beige Book

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Home Today's Headlines ATW Forums Q&A Mortgage Rates  
jeffer90576
MBS Quotes
FNMA 4.0 98-05 -0-04
FNMA 4.5 100-25 -0-04
FNMA 5.0 103-05 -0-03
FNMA 5.5 104-26 0-00
FNMA 6.0 105-26 0-01
Updated: 10/21/09 4:31 PM
Treasuries
3 MO 0.0639 -0.0161
2 YR 0.9510 0.0010
5 YR 2.3445 0.0445
10 YR 3.3853 0.0353
30 YR 4.2075 0.0475
Updated: 10/21/09 5:01 PM
Mortgage Rates
30 Yr FRM 4.96 0.04
15 Yr FRM 4.44 0.03
FHA 30 Year 5.12 0.04
Jumbo 30 Year 5.96 0.05
5/1 Yr ARM 3.89 0.04
Updated: 10/21/09 12:05 PM
Latest Video      
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Realty Check: Big Apple
10/21/2009
New York City construction spending will fall 20% this year according to the New York Building Congress, with CNBC's Diana Olick.
Revising Tax Code
10/21/2009
Changes maybe in store for decades-old U.S. tax policy with sweeping implications for capital markets and for corporate America. (Bloomberg News)
Investing in Real Estate
10/21/2009
Joe Rodriguez, of the AIM Select Real Estate Fund, shares his best real estate plays.

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Recent Comments
Winston Smith
on 10/21/2009 - read this comment
I don't think the media is doing great job of relaying this information. I read the Beige Book findings and see no reason to be optimistic about the economic outlook. I agree, Fed cannot raise rates...
Adam Quinones
on 10/21/2009 - read this comment
FHA notice on delay in FHA condominium changes: Implementation of FHA's new policy guidance for condominium project approval and condo unit financing will be delayed until December 7th 2009. The new guidance...
Bobby Downey
on 10/21/2009 - read this comment
AQ my concern is that when the FED raises rates and pulls back the QE throttle that we will see these banks back in the same position....even though loan quality is improving foreclosures are going to...
Adam Quinones
on 10/20/2009 - read this comment
this strategy works over time...dont try to time the exact top and bottom. Lock when rates are priced in the aggressive half of the historical range. Yes yields could move lower...but mortgage yields move...

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