Why Aren't Mortgage Rates Getting Lower as Fast as Treasuries?

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Sep 9, 2011 1:57PM Why Aren't Mortgage Rates Getting Lower as Fast as Treasuries? Yet again, Mortgage Rates improved today. But the improvements were fairly minor, just as they have been in general despite a healthier rally in Treasury rates. In some cases BestExecution rates may be lower, but in most cases, the improvements will be seen in the form of lower closing costs for the same rates available yesterday. The "current market" and "guidance" sections would be the same as yesterday's, so if those are important to you, read them HERE . Today we want to use that space to address... Sep 9, 2011 2:18PM CBO Evaluates Potential Costs of a Large-Scale Refinancing Program The non-partisan Congressional Budget Office (CBO) just released a working paper entitled An Evaluation of Large-Scale Mortgage Refinancing Programs in which it analyzed a large-scale program that would relax current income and loan-to-value restrictions for borrowers who wish to refinance mortgages currently held by Fannie Mae, Freddie Mac, or the Federal Housing Administration. The analysis uses an estimate of the increased refinancing that would occur and how future default and prepayment behavior... Securitization Experts Recommend Changes to Congress Ground Zero Remembrance: 10 Years Later Insurance 101: Errors & Omissions, Professional Liability, Fidelity Bonds MBS MID-DAY: 9/9/2011 The Day Ahead: Markets Uncertain Obama's Jobs Plan Can Be Passed Fannie Mae National Housing Survey: Americans Increasingly Glum on Housing, Economy View: Front Page | Headline Viewer Micro News 1:23 PM: HUD: Notices for FHA Lenders 1:07 PM: HUD: New FHA Mortgagee Letter (2011-33) 12:27 PM: Possible Reprices for the Better, but Lenders May Be Hesitant 11:57 AM: Fed's Williams: Anti-Risk Rules Must Aid Growth Too 10:14 AM: MBA Applauds Senate Banking Committee's Passage of Flood Insurance Bill 10:13 AM: ECON: Wholesale Inventories up in July 10:10 AM: ECB's Stark to Retire Early After Bond-Buying Disagreements 9:35 AM: Weaker Overnight, MBS and TSYs Recovering on Stock Weakness »View All Micro News Around the Web Gap Widens between New and Existing Home Prices More First-Time Buyers Paying Cash Fannie, Freddie Vs. Big Banks: Housing Gets Hurt Housing sector seen limping along: Reuters poll No Day of Rest for Online House Hunting Bove, Bush Discuss Management Shakeup at BofA: Audio »View More Around the Web Video News BofA Cutback May Hit 40,000 Obama's $447B Jobs Plan A $74 Million Mansion, Now on Sale »View More Video News Today's Comments "thanks guys. couple answers... Kent, remember that a HUGE reason MBS are even as risk-free as they are is due to the explicit/implicit government guarantee..." "Matt...if we did see treasury yields dip to 1.5% or something carzy along those lines...is it your opinion that the spread in MBS would simply widen? Or..." "US Debt is downgraded & yet MBS is perceived as riskier? Doesn't make a lot of sense does it? This economy needs a Housing rebound to really get..." »View More Comments Today's Q&A "What happens to the note when a seller who has financed a house..." "My brother just got married in Nevada and had his loan approved..." "If a house has been forclosed on and the property taxes have..." »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.09 -0.02 15YR 3.34 -0.04 FHA30YR 3.79 -0.03 Jumbo30YR 4.41 -0.03 5/1ARM 3.11 -0.01 MBS Quotes FNMA 3.5 101-32 0-11 FNMA 4.0 104-22 0-09 FNMA 4.5 106-10 0-08 FNMA 5.0 107-30 0-08 Treasuries 2 YR 0.1767 -0.0153 3 YR 0.2986 -0.0214 5 YR 0.8135 -0.0495 7 YR 1.3444 -0.0496 10 YR 1.9320 -0.0450 30 YR 3.2726 -0.0324 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -4.86% Mortgage Refinance -6.28% Mortgage Purchase 0.19% Construction -1.29% S&P/Case Shiller 1.11% FHFA Home Price 0.93% 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

Fannie Mae National Housing Survey: Americans Increasingly Glum on Housing, Economy

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Sep 8, 2011 10:06AM Fannie Mae National Housing Survey: Americans Increasingly Glum on Housing, Economy Fannie Mae's National Housing Survey for August indicates that Americans are growing more pessimistic about the economy, home prices and their own personal finances. More than three-quarters of those responding to the survey said that the economy is on the wrong track, up from 70 percent in July and the highest percentage in over a year. One year ago the figure was 60 percent. Sixteen percent think it is on the right track compared to 23 percent one month earlier and 28 percent in August 2010. According... Sep 8, 2011 5:10PM Mortgage Rates: Another Day Near All Time Lows After a fairly uneventful day yesterday, Mortgage Rates improved today. In some cases BestExecution rates may be lower, but in most cases, the improvements will be seen in the form of lower closing costs for the same rates available yesterday. Guidance below is unchanged from yesterday's, but we made a few updates to the current market rates below. CURRENT MARKET *: The BestExecution 30-year fixed mortgage rate is now solidly at 4.125% . Several lenders are willing to offer lower rates , but in most... What Will It Take to Break the Concrete Ceiling for MBS? Pipeline Management in a Changing Mortgage Banking Landscape MBS RECAP: Lower Coupons Outperform Technical Support for Treasuries and What it Might Mean for Lock/Float Strategy The Day Ahead: Cautious Markets Await Bernanke, Obama Speeches MGIC Writes More MI in August, Delinquencies Down View: Front Page | Headline Viewer Micro News 3:58 PM: Holiday-Shortened Week Winds Down With Just One Economic Report 1:49 PM: Bernanke Says Fed Seeks to Restore Strong Growth 1:49 PM: Fed: Text of Chairman Bernanke's Speech 1:45 PM: Fannie Mae Opens Tenth Mortgage Help Center in Sacramento, CA 1:29 PM: HUD Awards $13.3M to Bring Jobs, Revitalize 'Brownfields' in Six Cities 1:19 PM: CFPB Analyzing Financial Products Tailored to Servicemembers 1:19 PM: ECB Signals Rates on Hold, Nervous About Economy 1:17 PM: Clear Capital: Home Prices Increase 4% in Aug 2011 »View All Micro News Around the Web ABA Survey: Popularity of Online Banking Explodes Obama's Reported Mortgage Refinancing 'Stimulus' Won't Help Six Steps That Could Boost Refinancing Calculating the Oomph From Big Government Refi Effort Hurricane Irene Underscores Importance of Flood Insurance Program In Disputed Fannie and Freddie Mortgage Deals Evidence of 'Robo-Signing' »View More Around the Web Video News Bernanke On U.S. Economic Outlook Fannie Mae: State of Housing Mood Banks Are Asked To Submit Capital Plans »View More Video News Today's Comments "thanks guys. couple answers... Kent, remember that a HUGE reason MBS are even as risk-free as they are is due to the explicit/implicit government guarantee..." "Matt...if we did see treasury yields dip to 1.5% or something carzy along those lines...is it your opinion that the spread in MBS would simply widen? Or..." "US Debt is downgraded & yet MBS is perceived as riskier? Doesn't make a lot of sense does it? This economy needs a Housing rebound to really get..." »View More Comments Today's Q&A "Who can I talk to about a property that has gone back to the..." "I have a Seperation Agreement form signed by myself and my ex..." "I am interested in buying a home that was listed a few years..." »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.11 -0.05 15YR 3.38 -0.11 FHA30YR 3.82 -0.09 Jumbo30YR 4.44 -0.07 5/1ARM 3.12 -0.05 MBS Quotes FNMA 3.5 101-21 0-09 FNMA 4.0 104-13 0-06 FNMA 4.5 106-02 0-01 FNMA 5.0 107-22 -0-06 Treasuries 2 YR 0.1924 -0.0116 3 YR 0.3205 -0.0135 5 YR 0.8633 -0.0517 7 YR 1.3938 -0.0592 10 YR 1.9770 -0.0640 30 YR 3.3054 -0.0536 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -4.86% Mortgage Refinance -6.28% Mortgage Purchase 0.19% Construction -1.29% S&P/Case Shiller 1.11% FHFA Home Price 0.93% 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

Technical Support for Treasuries and What it Might Mean for Lock/Float Strategy

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Sep 7, 2011 3:57PM Technical Support for Treasuries and What it Might Mean for Lock/Float Strategy Who in the world would talk about SUPPORT (evidence for an intermediate FLOOR for prices) when 10yr yields are around 2% and MBS are near all time highs? We would... But not because we're sure these supportive developments are here for the long haul. We'd just like to point them out to you because we think the current goings-on in 10yr yields and MBS prices are potentially a great way to look at intermediate to longer term lock/float strategy. You may be well aware that bond markets are generall... Sep 7, 2011 10:36AM MGIC Writes More MI in August, Delinquencies Down MGIC announced its monthly operating statistics today for August, showing an increase in mortgage insurance and a decrease in delinquencies . New insurance written in August totalled 227842.3 bln. This is the highest level of the year, although July 2011, January 2011 and August of 2011 all stood at 227842.2 bln. The company also reported a decrease in the number of delinquent loans on its books, from 185,093 in July to 183,338 in August, also down 23.73% from one year ago (225,310 in Aug 2010). The improving... Mortgage Rates: Slight Pressure Today. Still Historically Low Industry Observations from an Industry Old-Timer FHFA Seeks to Amend Press Coverage of Lawsuits Mortgage Application Volume Falls Despite Lower Rates The Day Ahead: Reports of Stimulus Spending Give Stocks Boost Should MBS Be Doing Better Considering Treasury Yields? View: Front Page | Headline Viewer Micro News 3:53 PM: Finally Some Economic Data! Plus Bernanke and Obama 3:15 PM: TSYs Weaken After Hours as Stocks Keep Gaining, MBS Outperforming 3:11 PM: Beige Book - Many Regions Saw Mixed or Slower Growth 12:25 PM: MBS Back to AM Levels, Possible Reprices For The Better 11:20 AM: Fed's Evans: Need "Strong Action Now" to Boost Jobs 11:03 AM: NAHB Releases First "Improving Markets Index (IMI)" 9:49 AM: Fed Considers Buying More Long-Term Treasuries 9:37 AM: MGIC Writes More Insurance, Delinquencies Fall »View All Micro News Around the Web Fed's Beige Book: "Economic activity continued to expand at a modest pace" Fed's Evans Calls for Stimulus to Cut Unemployment to 7.5% Fed's Evans on the Fed's Dual Mandate Helping Unemployed Borrowers Meet Their Mortgage Payments Will Mortgage Lawsuits Crimp Lending? Downpayment Sources For Recent Home Buyers, 2005-2010 »View More Around the Web Video News Banks Are Asked To Submit Capital Plans Mesirow's Swonk Sees Fed's Evans `Pushing Hard' for QE3 Bove Says BofA May Cut 30,000 Jobs, Stock May Rise 50% »View More Video News Today's Comments "thanks guys. couple answers... Kent, remember that a HUGE reason MBS are even as risk-free as they are is due to the explicit/implicit government guarantee..." "Matt...if we did see treasury yields dip to 1.5% or something carzy along those lines...is it your opinion that the spread in MBS would simply widen? Or..." "US Debt is downgraded & yet MBS is perceived as riskier? Doesn't make a lot of sense does it? This economy needs a Housing rebound to really get..." »View More Comments Today's Q&A "Who can I talk to about a property that has gone back to the..." "I have a Seperation Agreement form signed by myself and my ex..." "I am interested in buying a home that was listed a few years..." »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.16 0.05 15YR 3.49 0.04 FHA30YR 3.91 0.03 Jumbo30YR 4.51 0.03 5/1ARM 3.17 0.06 MBS Quotes FNMA 3.5 101-12 -0-10 FNMA 4.0 104-07 -0-07 FNMA 4.5 106-01 -0-04 FNMA 5.0 107-28 -0-02 Treasuries 2 YR 0.2042 0.0042 3 YR 0.3340 0.0050 5 YR 0.9179 0.0319 7 YR 1.4551 0.0521 10 YR 2.0464 0.0644 30 YR 3.3638 0.0928 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -4.86% Mortgage Refinance -6.28% Mortgage Purchase 0.19% Construction -1.29% S&P/Case Shiller 1.11% FHFA Home Price 0.93% 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