Monday, April 5, 2010

Pending Home Sales Confirm Rising Buyer Demand

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90... - MND NewsWire
The reverse mortgage industry started out as a fulfiller of dreams to the greatest generation. For its first 17 years of existence, regulators outside... - Community Commentary
The week ahead is fairly light on economic data with the highest impacting events coming starting on Tuesday with the release of the minutes of the most... - Mortgage Rate Watch
jeffer90576
MBS Quotes
FNMA 4.0 95-24 -0-14
FNMA 4.5 99-06 -0-09
FNMA 5.0 102-08 -0-06
FNMA 5.5 104-18 -0-12
FNMA 6.0 105-19 -0-09
Updated: 4/5/10 4:29 PM
Treasuries
3 MO 0.1572 -0.0028
2 YR 1.1680 0.0580
5 YR 2.7363 0.0663
10 YR 3.9878 0.0278
30 YR 4.8365 0.0265
Updated: 4/5/10 4:35 PM
Mortgage Rates
30 Yr FRM 5.11 0.02
15 Yr FRM 4.39 0.03
FHA 30 Year 5.31 0.03
Jumbo 30 Year 6.64 0.02
5/1 Yr ARM 4.14 0.02
Updated: 4/5/10 4:34 PM
Latest Video      
View:All Videos
Extreme Makeover Houses In Foreclosure
4/5/2010
ABC's popular reality show "Extreme Makeover: Home Edition" makes dreams come true for needy families. But some people are tapping the equity...
Rebound on the Homefront
4/5/2010
Pending home sales in February jumping a better-than-expected 8.2 percent, with CNBC's Diana Olick; Cameron Findlay, Lendingtree.com; and Mark Calabria...
U.S.-China: Tensions Ease
4/5/2010
Treasury Secretary Geithner says the U.S. is delaying a report on whether China is a currency manipulator, with CNBC's John Harwood.

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Recent Comments
Marty Sonke
on 4/2/2010 - read this comment
@Walter I think you are missing the point. Without jobs, who is going to be doing purchase business with you? I realize that it is fun to think in fantasy land but seriously who are you trying to kid....
BOB NOONAN
on 4/1/2010 - read this comment
I am back to locking everything as it comes in, need to sleep for a couple of weeks.
Anthony Young
on 4/1/2010 - read this comment
6 loans locked, 1 floating. On the loan floating I probably will have to make up 120 BPS at least for the loan to be profitable. Played safe on 6 loans, swung for the fences on the 7th and it looks like...
Adam Dahill
on 4/1/2010 - read this comment
All files in process are locked. Have 5 packages out that are floating. Clients take their sweet time sending back docs can't complain since they would have wasted 20+ days of ratelock anyway. I'm...

Mortgage News Daily


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Thursday, April 1, 2010

Residential Construction Spending Continues Decline - Is That a Good Thing?

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
Total construction spending fell for a fourth straight month in February to the slowest pace since November 2002. While I do not doubt that construction... - MND NewsWire
If a mortgage banker has been originating and selling loans to investors, it should it should prepare for The Law of Unintended Consequences. One does... - The Garrett Watts Report
The goal of the Federal Reserve's agency MBS program was to provide support to mortgage and housing markets and to foster improved conditions in financial... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 96-18 -0-10
FNMA 4.5 99-28 -0-09
FNMA 5.0 102-24 -0-11
FNMA 5.5 105-04 -0-06
FNMA 6.0 106-03 -0-03
Updated: 4/1/10 4:32 PM
Treasuries
3 MO 0.1521 -0.0079
2 YR 1.0558 0.0358
5 YR 2.5873 0.0373
10 YR 3.8685 0.0285
30 YR 4.7278 0.0078
Updated: 4/1/10 5:15 PM
Mortgage Rates
30 Yr FRM 5.04 0.03
15 Yr FRM 4.33 0.03
FHA 30 Year 5.23 0.04
Jumbo 30 Year 6.57 0.02
5/1 Yr ARM 4.08 0.02
Updated: 4/1/10 4:35 PM
Latest Video      
View:All Videos
Resler Expects `Gradual Improvement' in U.S. Housing: Video
4/1/2010
April 1 (Bloomberg) -- David Resler, chief economist at Nomura Securities, talks with Bloomberg's Margaret Brennan about the U.S. housing market. Housing...
NAHB's Jerry Howard on the Housing Market Outlook
4/1/2010
Though housing prices are stabilizing, unemployment, foreclosures and a possible upward tick in interest rates have many concerned about further weakness...
Dow Touches 2010 High
4/1/2010
John Brady, of MF Global, and Stuart Freeman, of Wells Fargo, tell CNBC where they expect the market to go from here.

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Recent Comments
BOB NOONAN
on 4/1/2010 - read this comment
I am back to locking everything as it comes in, need to sleep for a couple of weeks.
Anthony Young
on 4/1/2010 - read this comment
6 loans locked, 1 floating. On the loan floating I probably will have to make up 120 BPS at least for the loan to be profitable. Played safe on 6 loans, swung for the fences on the 7th and it looks like...
Adam Dahill
on 4/1/2010 - read this comment
All files in process are locked. Have 5 packages out that are floating. Clients take their sweet time sending back docs can't complain since they would have wasted 20+ days of ratelock anyway. I'm...
Victor Burek
on 4/1/2010 - read this comment
You're welcome Nate. Jason..depends on how much you are paying in closing costs. You should be able to get 5% today but you will have to pay all the closing costs including one point origination to...

Mortgage News Daily


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