Tuesday, June 8, 2010

Gimme Shelter: Homelessness Rate Climbing. Low Income Rental Units Needed

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
Due to the greater economic woes and increasing unemployment numbers, more Americans are being forced to live within or below their means to save money... - Voice of Housing
Depending on fallout, your secondary marketing department is probably underwater on their loan pricing after the recent run-up in MBS prices. You tell... - MBS Commentary
Fitch Ratings Performance Metrics for May show continued declines in delinquency rates for both subprime and Alt-A RMBS, but a slight increase in the prime... - MND NewsWire
jeffer90576
MBS Quotes
FNMA 4.0 100-07 0-02
FNMA 4.5 102-27 -0-02
FNMA 5.0 105-15 0-01
FNMA 5.5 107-07 -0-02
FNMA 6.0 108-05 -0-01
Updated: 6/8/10 4:31 PM
Treasuries
3 MO 0.1065 0.0000
2 YR 0.7420 0.0319
5 YR 1.9792 0.0493
10 YR 3.1839 0.0417
30 YR 4.1095 0.0282
Updated: 6/8/10 5:08 PM
Mortgage Rates
30 Yr FRM 4.72 -0.04
15 Yr FRM 4.05 -0.04
FHA 30 Year 4.78 -0.02
Jumbo 30 Year 6.35 -0.03
5/1 Yr ARM 3.70 -0.04
Updated: 6/8/10 5:10 PM
Latest Video      
View:All Videos
First Sovereign Debt, Now Munis?
6/8/2010
Insight on muni bonds, with Jimmy Lee, JPMorgan Chase vice chairman; Steve Cortes, Veracruz LLC; Ben Thompson, Samson Capital, Garky Kaminsky, contributing...
Double Dip or Not?
6/8/2010
Debating whether a double dip recession is ahead, with Steven Ricchiuto, Mizuho Securities and Joseph LaVorgna, Deutsche Bank.
GM Recalls 1.37M Vehicles
6/8/2010
GM recalls 1.37 million vehicles, mostly 2008 and 2009 models, for a defect related to a fuse in the vehicles' heating system that could potentially...

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Recent Comments
Melissa Browning
on 6/8/2010 - read this comment
I've got 14 refi's closing this month - all NO CLOSING COST. There was (and still is) such a huge gap in pricing on the locked rates (4.875% 30 yr. and 4.375% on 15 yr.) vs. the next lowest rate...
Christopher Stevens
on 6/8/2010 - read this comment
We are not having much fallout at our shop as we deal primarily with purchase business. What we are seeing is a drastic drop in business as everyone is focused on closing by 6/30. A lot of my agents said...
Steven Bote
on 6/8/2010 - read this comment
Thankfully, most of my clients understand that interest rates are secondary to proper originating, pre-qualifying, processing, appraisal, underwriting, and finally, funding. While it's a great feeling...
Jeff Coon
on 6/7/2010 - read this comment
How about this? 13. Fast turn times in underwriting & docs out 14. In house training on new product, & guidelines 15. Tech friendly 16. Personal Web pages for LO's

Mortgage News Daily


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Thursday, June 3, 2010

Pre-Employment Report Mortgage Rate Outlook

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
I know many of you are probably sitting on a few loans trying to decide if you should float into the 15 day window in hopes of another rally and better... - MBS Commentary
A month ago I visited a client in Las Vegas, the epicenter of the mortgage and real estate malaise. During my interviews, the owner of the operation informed... - The Garrett Watts Report
Auction sizes continue to trend lower. Less debt supply is always a great thing for the market's state of mind. However we may be battling greater... - MBS Commentary
jeffer90576
MBS Quotes
FNMA 4.0 99-02 -0-01
FNMA 4.5 102-03 0-00
FNMA 5.0 104-29 0-01
FNMA 5.5 106-29 0-00
FNMA 6.0 107-29 -0-01
Updated: 6/3/10 4:33 PM
Treasuries
3 MO 0.1400 -0.0200
2 YR 0.8200 0.0000
5 YR 2.1700 0.0300
10 YR 3.3900 0.0400
30 YR 4.2900 0.0500
Updated: 6/3/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.85 0.02
15 Yr FRM 4.14 0.02
FHA 30 Year 4.88 0.03
Jumbo 30 Year 6.43 0.02
5/1 Yr ARM 3.80 -0.02
Updated: 6/3/10 6:48 PM
Latest Video      
View:All Videos
Investing in Homebuilders
6/3/2010
Daniel Oppenheim, a homebuilder analyst at Credit Suisse, shares his insight on the sector.
Spotlight on Commercial Real Estate Market
6/3/2010
CNBC's Diana Olick parses the office vacancy data to get a better indication of what's going on in the commercial real estate market.
Geithner on Europe, GSEs
6/3/2010
Treasury Secretary Timothy Geithner spoke exclusively to CNBC's Steve Liesman before heading to the G-20 meeting in South Korea.

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Recent Comments
Susan Kahler
on 6/3/2010 - read this comment
It is tougher than ever, and might not be right for some originators any more. I've seen a number of them go into the solar business with great success. It's a technical sale, so it's also...
mark hanson
on 6/3/2010 - read this comment
Hi Adam - great article but I have to correct you. Please forgive. "The true barometer of the health of housing rests in May housing data." This is not exactly right. For NEW HOME SALES which...
Frank Ceizyk
on 6/3/2010 - read this comment
OK GUYS--THIS IS A CALL TO ACTION: John--thanks for giving us the consumer focus at long last--the passion in these posts can shake things up guys--now we need to get organized with a message to consumers...
John Coleman
on 6/2/2010 - read this comment
Tax Credit was key because it allowed "No Money Down" sales.Creating a "No Money Down" mortgage vehicle is desperately needed. Reassessment of credit ratings for those whom had bought...
Forum Discussions

Mortgage News Daily


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