Tuesday, October 27, 2009

Will Housing Continue to Stabilize?; Lenders Reprice for Better

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Home Today's Headlines ATW Forums Q&A Mortgage Rates  
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MBS Quotes
FNMA 4.0 98-03 0-18
FNMA 4.5 100-24 0-16
FNMA 5.0 103-09 0-13
FNMA 5.5 104-29 0-07
FNMA 6.0 105-31 0-06
Updated: 10/27/09 4:32 PM
Treasuries
3 MO 0.0710 0.0213
2 YR 0.9260 -0.0986
5 YR 2.3714 -0.1153
10 YR 3.4448 -0.1094
30 YR 4.2759 -0.0890
Updated: 10/27/09 5:15 PM
Mortgage Rates
30 Yr FRM 5.01 -0.03
15 Yr FRM 4.48 -0.04
FHA 30 Year 5.16 -0.03
Jumbo 30 Year 6.02 -0.02
5/1 Yr ARM 3.95 -0.03
Updated: 10/27/09 2:04 PM
Latest Video      
View:All Videos
T-Note Auction Results
10/27/2009
The US auctioned $44 Billion in 2-Year Notes at a high yield of 1.02%. CNBC's Rick Santelli shares his analysis.
Housing Outlook- Artificial Strengths Amid Tax Credit Impact
10/27/2009
Housing Trick or Treat? - Analysis and Discussion with Ethan Harris of Bank of America-Merrill Lynch (Bloomberg News)
SIFMA Conference Today
10/27/2009
Wall Street's biggest lobbying organization meets in New York City today. (Bloomberg News)

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Today's Comments
David Gaffin
on 10/27/2009 - read this comment
I am generally in favor of extending the FTHB tax credit for as much as a year. This would reduce the impact of the fed exiting the MBS purchase program. I am not infavor of expanding the market reach...
Glen W. Spencer
on 10/27/2009 - read this comment
Currently best option regarding YSP is to make Originator/Broker charge upfront points equal to the YSP and then credit the YSP back to the borrower. This shows Full Disclosure exactly what the Originator...
jwhite
on 10/26/2009 - read this comment
Matthew, Adam, and all other contributors. Kudos to you guys. I gotta say that I have enjoyed your site and I appreciate all the information you guys provide to mortgage brokers. The techinicals are difficult...
Frank Ceizyk
on 10/23/2009 - read this comment
Couldn't agree with you more--but I'd say take it one step further. Non profit organizations like CCCS (Consumer Credit Counseling) have budgeting and basic homebuying courses offered for free...

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Monday, October 26, 2009

Capmark's Bankruptcy; ING, GMAC, USB Updates; HASP HFA Bond Program;

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Home Today's Headlines ATW Forums Q&A Mortgage Rates  
jeffer90576
MBS Quotes
FNMA 4.0 97-22 -0-08
FNMA 4.5 100-09 -0-10
FNMA 5.0 103-01 -0-04
FNMA 5.5 104-20 -0-04
FNMA 6.0 105-24 -0-02
Updated: 10/26/09 2:45 PM
Treasuries
3 MO 0.0487 -0.0213
2 YR 1.0246 -0.0154
5 YR 2.4935 0.0335
10 YR 3.5504 0.0404
30 YR 4.3566 0.0666
Updated: 10/26/09 2:56 PM
Mortgage Rates
30 Yr FRM 5.04 0.02
15 Yr FRM 4.52 0.03
FHA 30 Year 5.19 0.02
Jumbo 30 Year 6.04 0.05
5/1 Yr ARM 3.98 0.05
Updated: 10/26/09 1:28 PM
Latest Video      
View:All Videos
NABE Economists More Optimistic
10/26/2009
NABE economists are more upbeat about employment and profits, reports CNBC's Steve Liesman.
Market Outlook - A Reversal in Equities
10/26/2009
Examining Earnings - Analysis and Discussion with Sarah Hunt of Alpine Mutual Funds (Bloomberg News)
Bair on 'Too Big to Fail' Proposal
10/26/2009
FDIC Chair Sheila Bair comments on Rep. Barney Frank's "too big to fail" proposal.

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Recent Comments
Frank Ceizyk
on 10/23/2009 - read this comment
Couldn't agree with you more--but I'd say take it one step further. Non profit organizations like CCCS (Consumer Credit Counseling) have budgeting and basic homebuying courses offered for free...
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...

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