How Did the Employment Report Impact Mortgage Rates?

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Mar 4, 2011 6:00PM How Did the Employment Report Impact Mortgage Rates? It was a volatile week for mortgage rates. Monday and Tuesday saw rates near their best levels in nearly a month. Consumer borrowing costs then got beat up on Wednesday and Thursday, so much that we had to up the "Best Execution" 30-year fixed mortgage rate to 5.000%. That's where we last left you, just ahead of today's high risk event: The Employment Situation Report CURRENT MARKET : The "Best Execution" conventional 30 year fixed mortgage rate has fallen BACK to 4.875%. For those looking to buy... Mar 4, 2011 10:01AM JOBS REPORT: Payrolls +192,000. UNR at 8.9%. Wages Flat The Bureau of Labor Statistics has released the February Employment Situation Report . Nonfarm payroll employment increased by 192,000 in February, and the unemployment rate was little changed at 8.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in manufacturing, construction, professional and business services, health care, and transportation and warehousing. ESTABLISHMENT SURVEY DATA.... RTRS-U.S. FEB NONFARM PAYROLLS +192,000 (CONSENSUS +185,000) VS JAN +63,000... STAR Scorecard: Loan Servicer Performance Metrics Explained HUD Secretary Outlines Housing Goals. Discusses 2012 Budget Housing Finance Reform: A Plan to Create a Plan Retail Banks or Independent Lenders: Who Writes Better Mortgages?; Compensation Reform's Impact on Lock Desk Policies; Lots of Investor Bulletins Poor Credit Tops List of Homeownership Barriers. Rents Seen Rising Inflation Expectations Distorted by Bullish Perspectives of Reality View: Front Page | Headline Viewer Micro News 3:46 PM: FUN REGIONAL ECON RECAPS: FDIC 1:28 PM: Volume and Volatility Heading Out. MBS Stay Strong. More Reprices For The Better 11:04 AM: Compass: How Compensation Reform Impacts Lock Desks 10:47 AM: FHFA: Chief Economist on TARP Impact on Financial Stability 10:27 AM: White House: More Work to Be Done on Jobs 10:05 AM: Jobs Data Recap: Consistent Job Creation Needed 10:05 AM: Highlights From Fed's Yellen 10:01 AM: DATA FLASH: Factory Orders Rise At Fastest Pace Since 9/2006 »View All Micro News Around the Web Duration of Unemployment, Unemployment by Education, Diffusion Indexes Foreclosure Settlement Terms Sent to Banks by States, U.S. Facing Foreclosure Crisis, Homestead Mayor Starts Small Banks Face More Loan Writedowns Regulators craft mortgage-lending rules Penalizing servicers is nothing but a sticky situation »View More Around the Web Video News Retraining American Workforce Foreclosures to Slow Down? Oil Price = Fundamentals + Fear »View More Video News Today's Comments "Effective Demand--I'm not worried about anything--I hope you and Kennon are right and the economy does come roaring back, because that means a lot..." "In AQ's defense he has said the economy is growing in pockets but just not the pockets that pertain to us. We are mortgage/real estate professionals..." "Frank Ceizyk...once again stimulating lively and thoughtful commentary! Effective Demand may end up being correct along with a number of economists at..." »View More Comments Today's Q&A "How do i send extra payment to morgage towards principle only..." "If my agent is selling my home and showing me my new home how..." "What is the quickest and easiest way to transfer complete ownership..." »View More Q&A Today's Forum Discussions "Right now I am an LO at a broker shop. I haven't seen the final plan from my broker yet but with what I have been reading.... it seems like even with..." "How I Met Your Mother DVD manages to break free of the trite and formulaic sitcom for something actually fresh and funny. Thomas has explicitly said Future..." "Smallville DVD is getting into the newer territory of the Superman sagaJohn Glover portrays Lionel Luthor, Lex's father. Lionel is responsible for..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.95 -0.04 15YR 4.16 -0.07 FHA30YR 4.74 -0.04 Jumbo30YR 5.65 -0.04 5/1ARM 3.62 -0.04 MBS Quotes FNMA 3.5 94-07 0-20 FNMA 4.0 98-13 0-18 FNMA 4.5 101-27 0-19 FNMA 5.0 104-26 0-18 Treasuries 2 YR 0.6886 -0.0754 3 YR 1.1877 -0.0923 5 YR 2.1832 -0.1018 7 YR 2.8892 -0.0898 10 YR 3.4937 -0.0613 30 YR 4.5972 -0.0228 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. New Home Prices 8.04% Homeownership -0.60% Home Vacancy 8.00% 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 © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

Housing Scorecard: Delinquencies Down. Foreclosures Delayed

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Mar 3, 2011 10:12AM Housing Scorecard: Delinquencies Down. Foreclosures Delayed The Departments of Housing and Urban Development (HUD) and Treasury released their Monthly Housing Scorecard for February on Wednesday afternoon. This monthly report is an attempt to encapsulate the Obama Administration's efforts to stabilize the housing market and provide a snapshot of the status of that market. It contains a round-up of information from both public and private sources, most of which has already been reported here on MND. The Scorecard is issued simultaneous with the release of... Mar 3, 2011 5:28PM Mortgage Rates: Best Execution Back to 5.00% The Best Execution conventional 30-year fixed mortgage rate rose today. UPDATED CURRENT MARKET : The "Best Execution" conventional 30-year fixed mortgage rate is now 5.00%. For those looking to buy down their rate to 4.875%, this quote carries higher closing costs but the permanent buydown fee is not overly expensive. The upfront cost of permanently buying down your rate to 4.875% is worth it to applicants who plan to hold their new mortgage for longer than the next 5 years. Ask your loan officer... Employment Situation Report Preview and Outlook HUD Secretary Outlines Housing Goals. Discusses 2012 Budget Rate Techs: Neutrality Found Just Before High-Risk Event. Inflation Expectations Distorted by Bullish Perspectives of Reality Mortgage Pricing Hits Wall. Loan Demand Declines Hawkish Inflation Rhetoric Sparks Short Selling in Bond Market View: Front Page | Headline Viewer Micro News 5:09 PM: Employment Situation Report Headlines A Pivotal Day For Bond Markets 12:55 PM: Lockhart: Wage Rates Chasing Rising Cost of Living 11:14 AM: Freddie Mac: 30YR Fixed Drops for Third Consecutive Week 11:02 AM: Cost-Push Inflation/ Margin Squeeze Comment: Beige Book 11:01 AM: FHFA: Fannie Mae and Freddie Mac Foreclosure Prevention Actions Double from 2009; HARP Refinancings Increase 10:55 AM: Labor Market Related Beige Book Excerpts 10:25 AM: House Vote to Kill HAMP Delayed 10:18 AM: ECB's Trichet Says "Strong Vigilance" Warranted »View All Micro News Around the Web Employment Situation Preview: Some Improvement, but Still Grim HUD Secretary: Fannie, Freddie Housing Goals Didn't Work Renters Scoring Tanning Beds — and More What Will Happen to Housing Funding in the Next 2 Years? Government's Mortgage Bailout Under Attack 200 Years of US Government Bond Yields »View More Around the Web Video News Obama on NFL Lockout Banks in Need of Repair Food Prices Hit Record High »View More Video News Today's Comments "Awesome post...thanks" "As a consumer, I've found this site and the info provided by Adam and Matthew invaluable to my mortgage rate crash course education. My house is currently..." "read them and weep guys, notice the word SURGE. Sounds to me alot like the word ROAR. Which the economy will soon be doing. Analysts predict strong job..." »View More Comments Today's Q&A "How do i send extra payment to morgage towards principle only..." "If my agent is selling my home and showing me my new home how..." "What is the quickest and easiest way to transfer complete ownership..." »View More Q&A Today's Forum Discussions "Loan Scenario View All Post A Scenario Loan State: Oregon Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $178,000 Property Value: $265,000..." "Right now I am an LO at a broker shop. I haven't seen the final plan from my broker yet but with what I have been reading.... it seems like even with..." "How much does a person need for downpayment to buy a multifamily home and live in it" »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.99 0.06 15YR 4.23 0.04 FHA30YR 4.78 0.03 Jumbo30YR 5.69 0.04 5/1ARM 3.66 0.02 MBS Quotes FNMA 3.5 93-19 -0-15 FNMA 4.0 97-27 -0-12 FNMA 4.5 101-08 -0-12 FNMA 5.0 104-08 -0-09 Treasuries 2 YR 0.7638 0.0678 3 YR 1.2797 0.1057 5 YR 2.2849 0.1139 7 YR 2.9793 0.1043 10 YR 3.5554 0.0844 30 YR 4.6201 0.0561 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. New Home Prices 8.04% Homeownership -0.60% Home Vacancy 8.00% 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 © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

HUD Secretary Outlines Housing Goals. Discusses 2012 Budget

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Mar 2, 2011 10:03AM HUD Secretary Outlines Housing Goals. Discusses 2012 Budget In his prepared remarks on the Dapartment of Housing and Urban Development's fiscal year 2012 budget, HUD Secretary Shaun Donovan yesterday told the House Financial Services Committee that any spending allocations must meet a number of challenges. Assisting responsible families in the midst of housing crisis, providing quality affordable rental housing, transforming neighborhoods racked with poverty, rebuilding the nation's federally-assisted public housing stock and ensuring that its tenants are... Mar 2, 2011 10:40AM Mortgage Pricing Hits Wall. Loan Demand Declines The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 25, 2011. The MBA's loan application survey covers over 50% of all U.S. residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives economists a snapshot view of consumer demand for mortgage loans. In a falling mortgage rate environment, a trend of increasing refinance applications implies consumers are seeking out lower monthly... $50 Million in Affordable Housing and Community Development Grants Awarded Mortgage Rates: Stalled Positive Progress The Future of HARP; Reverse Mortgages Cut by Wells Wholesale; Farmland Price Bubble; HSBC Suspends Foreclosures; Project Bravo Geithner Sets Two-Year Target on Housing Finance Reform Poor Credit Tops List of Homeownership Barriers. Rents Seen Rising Beige Book Recap. Reprices Possible as MBS Get Sloppy View: Front Page | Headline Viewer Micro News 4:52 PM: Heavy Day Of Economic Data And Fed-Speak Ahead 4:26 PM: Nearly All Of Yesterday's Gains Erased, Additional Reprices For The Worse 4:24 PM: Fed's Hoenig: Policy Plays Role in Commodity Price Surge 4:22 PM: Ben Bernanke, Ron Paul Debate Dollar's Definition 4:20 PM: Fed's Lockhart: No Upward Pressure on Wages 2:08 PM: Bill Gross: Who Will Buy TSYs??? 2:04 PM: DATA FLASH: Beige Book Highlights 1:12 PM: Loan Pricing Update: Primary/Secondary Spread Tightens »View All Micro News Around the Web Bernanke sees 200,000 hit to jobs from budget cuts Secondary Sources: Mortgage Deduction, Crowding Out, Global Imbalances The Multifamily CMBS Paradox Home sales set to drop 2.3 percent this year: Reuters Poll Rules Won't 'Squeeze Out' Mortgage Insurers ADP: Private Employment increased by 217,000 in February »View More Around the Web Video News Fed's Beige Book Buffett's Bullish Housing Call War on E. Warren? »View More Video News Today's Comments "Beige Book Preview: Margin Squeeze & Tighter Credit. The Fed will release the Beige Book, a compilation of anecdotal information and data on current..." "Private-sector employment increased by 217,000 from January to February on a seasonally adjusted basis, according to the latest ADP National Employment..." "I just wanted to quickly say Thank You to MND, Adam and all of the members... My wife and I recently went under contract to purchase a home (new build..." »View More Comments Today's Q&A "How do i send extra payment to morgage towards principle only..." "If my agent is selling my home and showing me my new home how..." "What is the quickest and easiest way to transfer complete ownership..." »View More Q&A Today's Forum Discussions "Loan Scenario View All Post A Scenario Loan State: Virginia Loan County: --- Loan Type: Cash Out Refinance Loan Amount: $375,000 Property Value: $650,000..." "What does it mean to buy "As is"?" "How much does a person need for downpayment to buy a multifamily home and live in it" »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.93 0.00 15YR 4.19 0.01 FHA30YR 4.75 0.01 Jumbo30YR 5.65 0.02 5/1ARM 3.64 0.02 MBS Quotes FNMA 3.5 94-02 -0-15 FNMA 4.0 98-07 -0-14 FNMA 4.5 101-20 -0-10 FNMA 5.0 104-17 -0-07 Treasuries 2 YR 0.6962 0.0392 3 YR 1.1744 0.0454 5 YR 2.1715 0.0645 7 YR 2.8754 0.0664 10 YR 3.4715 0.0685 30 YR 4.5642 0.0792 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. New Home Prices 8.04% Homeownership -0.60% Home Vacancy 8.00% 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 © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031