Markets Push Mortgage Rates Back To The Edge

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Oct 14, 2011 4:12PM Late Day Stock Rally Pressures MBS Lower From a recent alert on the MBS Dashboard: "Late day illiquidity and a stock market rally are weighing on MBS this afternoon. Prices are in line with their lows of the day and while the reprice scene has been fairly quiet today, it's not out of the realm of possibility for a lender or two to take some rebate off the table heading into the weekend. Fannie 3.5's are down 12 ticks on the day at 100-22 and 4.0's are down 8 ticks at 103-03" Since that alert, MBS have gained back a few ticks, making things... Oct 14, 2011 4:19PM MBS RECAP: 10/14/2011 Late day illiquidity and a stock market rally are weighing on MBS this afternoon. Prices are in line with their lows of the day and while the reprice scene has been fairly quiet today, it's not out of the realm of possibility for a lender or two to take Markets Push Mortgage Rates Back To The Edge Housing Utopia Servicing Examination Manual; MetLife - Business as Usual? JPM Chase Mortgage Numbers MBS Struggling to Find Buyers. TSYs Holding Support MBS MID-DAY: 10/14/2011 Servicing Examination Manual; MetLife - Business as Usual? JPM Chase Mortgage Numbers View: Front Page | Headline Viewer Micro News 3:59 PM: Reprices For The Worse Possible as MBS Fade 2:40 PM: Fed: Agencies Release Guidance and Proposed Revisions to Interagency Questions and Answers Regarding Flood Insurance 10:09 AM: WSJ: Plan Floated to Spread Risk in Mortgage Bonds 10:04 AM: ECON: Business Inventories Rise .5 pct in August 10:00 AM: ECON: Consumer Sentiment Misses Expectations. Helping MBS 9:25 AM: SIGTARP: Woman Admits Role in Mortgage Fraud Against TARP-Funded Banks 8:53 AM: MBS Near Lowest Levels Since Mid September This Morning 8:38 AM: ECON: Import/Export Prices Both Rise Slightly in September »View All Micro News Around the Web CUs called to action on proposed repeal of Durbin amendment CULookup.com traffic soars Yale Professors Offer Economic Prescriptions NCUA Releases 2010 Annual Report, "Resilience and the Road Ahead" ABA Statement on House Bill to Repeal Durbin Amendment Federal Reserve Board issues enforcement action with Anchor Commercial Bank »View More Around the Web Video News Peltier Says U.S. Housing Recovery Will Begin in 2012 Deflating China's Housing Bubble The Tyranny of Low Interest Rates »View More Video News Today's Comments "Totally agree with you comments. I have been constantly warning my LO's about repeat of last year and have been locking our pipe quickly because of..." "I sell USDA-RD loans directly to CHASE. I don't have a relationship with their other govvie and conventional lines, but for some reason they deal with..." "when I hear, "but the paper said... " my response has been "well call the paper and ask them for a loan at 3% with no closing costs"" »View More Comments Today's Q&A "Any way to refinance a rental home with no equity?" "What is robo-signing in relation to mortgages?" "If I foreclose, do I have to pay foreclosure and attorney fees?" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.21 0.07 15YR 3.49 0.04 FHA30YR 3.83 0.04 Jumbo30YR 4.38 0.09 5/1ARM 3.25 0.00 MBS Quotes 30YR FNMA 3 100-23 -0-11 30YR FNMA 4 103-03 -0-08 30YR FNMA 4 104-31 -0-05 30YR FNMA 5 106-32 -0-02 Treasuries 2 YR 0.2694 -0.0116 3 YR 0.5053 -0.0057 5 YR 1.1170 0.0160 7 YR 1.7172 0.0492 10 YR 2.2513 0.0693 30 YR 3.2392 0.0872 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application 1.28% Mortgage Refinance 1.33% Mortgage Purchase 1.08% Construction 1.37% Pending Home -1.23% S&P/Case Shiller 0.91% 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

Mortgage Rates Improve For First Time in October

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Oct 13, 2011 4:45PM Mortgage Rates Improve For First Time in October Domestic economic data and the exuberance over the European debt situation were both fairly lackluster today, and Mortgage Rates improved decisively for the first time October. The 30yr Fixed Best-Execution rate fell an eighth of a point at most lenders, though the volatility continues to lead to a wider-than-normal variety among lenders. Despite the improvement, if you're seeing local or national news talking about rates in the "high 3's, " that info is already out-dated as Best-Execution rates... Oct 13, 2011 10:54AM MetLife to Bale and Sail on Mortgages? The Fed, PSA's, and Foreclosures; PHH Discusses Agency Repurchases What are political ads like in Texas ? As was noted in yesterday's commentary, one of the questions that folks in the mortgage conference hallways were asking was, "With BofA leaving correspondent, is someone like Chase going to be next?" There is a big difference between hallway chatter and headlines of " MetLife May Sell Mortgage Business " in Bloomberg! "Chief Executive Officer Steven Kandarian, who took the job in May, is planning to exit a business that expanded in June when it replaced Bank... History Repeating? Not For MBS! A Couple Rally Targets If MBS Stay in The Green Foreclosure Activity Continues it Positive Trend MBS RECAP: 10/13/2011 The Day Ahead: Equity Rally Pauses, Treasuries to Snap Six-Day Loss Mortgage Rates Get 2nd Chance After Holding Ground View: Front Page | Headline Viewer Micro News 3:59 PM: Last Day of the Week Busiest in Terms of Econ Data 2:15 PM: NY Fed: Agency MBS Transacation Data Update 2:07 PM: Dataquick: Southern California Home Sales Up Slightly YoY 1:49 PM: Reprice Outlook Returns to Neutral. Stock Lever Pressures Bonds 1:10 PM: Loan Pricing Should Improve Following 30yr Bond Auction 10:03 AM: MBS and Treasuries Improving. Stocks Falling. 10:03 AM: Freddie Mac Reports Fixed Mortgage Rates Up Sharply Following Jobs Report 9:11 AM: Economist Still See Almost 1 in 3 Chance of Recession - Reuters Poll »View All Micro News Around the Web NCUA Releases 2010 Annual Report, "Resilience and the Road Ahead" ABA Statement on House Bill to Repeal Durbin Amendment Federal Reserve Board issues enforcement action with Anchor Commercial Bank Florida AG Takes Orders, Money from Fraudclosure Firm Ireland: "mortgage to rent" scheme proposed RPT-Gross' PIMCO makes a big move into mortgages - Reuters »View More Around the Web Video News Mortgage Market Meltdown? Foreclosures Rise in Q3 Capital Corner:Too Much Pressure on Central Banks? »View More Video News Today's Comments "I send them a link to this site! And I tell them to stop watching the MSM. Turn it off and open your eyes is all you need to say..Still at all time lows..." "Ever notice that when the news items finally make it to the papers that rates have hit X%, an "all-time low," that they have already started..." "This happened to me just last week when they opened up the Seattle news paper and saw rates were in the high 3's. Our customers often forget that you..." »View More Comments Today's Q&A "Any way to refinance a rental home with no equity?" "What is robo-signing in relation to mortgages?" "If I foreclose, do I have to pay foreclosure and attorney fees?" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.14 -0.08 15YR 3.45 -0.14 FHA30YR 3.79 -0.06 Jumbo30YR 4.29 -0.09 5/1ARM 3.25 -0.12 MBS Quotes 30YR FNMA 3 101-01 0-05 30YR FNMA 4 103-11 0-02 30YR FNMA 4 105-03 0-03 30YR FNMA 5 107-02 0-02 Treasuries 2 YR 0.2808 -0.0082 3 YR 0.5105 -0.0235 5 YR 1.1006 -0.0484 7 YR 1.6685 -0.0365 10 YR 2.1816 -0.0304 30 YR 3.1523 -0.0447 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application 1.28% Mortgage Refinance 1.33% Mortgage Purchase 1.08% Construction 1.37% Pending Home -1.23% S&P/Case Shiller 0.91% 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

Mortgage Rates Get 2nd Chance After Holding Ground

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Oct 12, 2011 4:11PM Mortgage Rates Get 2nd Chance After Holding Ground More optimism surrounding the European Debt risis and more tough times for Mortgage Rates . Unlike yesterday's rather abrupt rise in rates versus Friday, rates held relatively steady today, with no change to Best-Execution, despite weaker bond markets. As a bit of an ongoing public service to those who might be in disbelief, and if you didn't see it yesterday: rates are significantly higher than last week. If you're seeing local or national news talking about rates in the "high 3's, " that info is... Oct 12, 2011 4:18PM 2012: Another Tough Year for Originators The chief economist of the Mortgage Bankers Association (MBA) told association members Tuesday that they are in for yet another tough year. Jay Brinkmann, speaking at MBA's annual gathering in Chicago, laid out a litany of economic ills that will plague the industry through 2012. Brinkmann expects mortgage originations to fall from an estimated 232347.2 trillion in 2011 to $900 billion next year. This will be driven by a significant decline in refinance originations which will not be offset by the expected... 10's Surge Back to Support. MBS Searching For Theirs Mortgage Market Update and Outlook with Bill Berliner Quick Look at 10yr Chart Ahead of the Auction Conference and Originator Chatter; Supreme Court & RESPA Rates and Application Volume Both Higher in Past Week The Day Ahead: Stocks Rally Ahead of FOMC Minutes View: Front Page | Headline Viewer Micro News 3:52 PM: One More Auction. And The First Economic Reports of the Week 2:56 PM: Fannie Sees Enough Post-2012 Taxpayer Support 2:56 PM: FOMC: Minutes of the September 20-21, 2011 Meeting 2:54 PM: HUD Suspends Former President of Lend America 2:17 PM: One Key Point From FOMC Minutes - MBS Swing Lower Again 1:48 PM: Reprice Risk Waning as MBS Bounce Back After Auction 1:10 PM: 10yr Auction Tanks. Early Reprice Warning. 11:43 AM: Job Openings Contract in August - Labor Dept. Survey »View All Micro News Around the Web Lawler: Existing Home Foreclosures and Short Sale percentages for a few areas ABA Testifies Against Increased Lending Cap for Credit Unions ABA Testifies on Federal Home Loan Bank System Commercial Property Prices Speech: Economic Outlook and a Perspective on Monetary Policy HUD SECRETARY, U.S. SENATOR BROWN, MAYOR COLEMAN TO HIGHLIGHT HOW AMERICAN JOBS ACT WILL COMPLEMENT EXISTING NEIGHBORHOOD STABILIZATION EFFORTS »View More Around the Web Video News September Fed Minutes Released Fact-Check Finds Gingrich Claim About Bernanke Untrue Illinois State Treasurer on Debt »View More Video News Today's Comments "This happened to me just last week when they opened up the Seattle news paper and saw rates were in the high 3's. Our customers often forget that you..." "Newsletters like this are excellent to give to customers. Often they won't believe us, but will believe anything in formal print. Brett, you have good..." "Funny how every ad on the radio is how rates are at an all time low, and no matter how many times you tell your clients that news like that lags by a week..." »View More Comments Today's Q&A "If I foreclose, do I have to pay foreclosure and attorney fees?" "Buying a Home Listed with an Agent, While I Have No Agent" "Is the tax assessment of a home equal to market value? " »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.22 0.04 15YR 3.59 0.02 FHA30YR 3.85 0.02 Jumbo30YR 4.38 0.02 5/1ARM 3.37 0.01 MBS Quotes 30YR FNMA 3 100-29 0-03 30YR FNMA 4 103-09 -0-02 30YR FNMA 4 105-00 -0-05 30YR FNMA 5 106-32 -0-03 Treasuries 2 YR 0.2886 -0.0154 3 YR 0.5342 -0.0028 5 YR 1.1493 0.0093 7 YR 1.7046 0.0316 10 YR 2.2119 0.0539 30 YR 3.1971 0.0881 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Construction 1.37% Mortgage Application -4.30% Mortgage Refinance -5.20% Mortgage Purchase -0.79% Pending Home -1.23% S&P/Case Shiller 0.91% 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