Mortgage Rates Approaching All-Time Lows

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Dec 5, 2012 3:47PM Mortgage Rates Approaching All-Time Lows Mortgage rates were slightly lower again on Wednesday. Even though the day to day movements have been small, that gets us as close as we've been to the all-time lows seen in late September and early October, with a few exceptions depending on the lender. Best-Execution for Conventional 30yr Fixed Loans has arguably moved down to 3.25% at this point, though 3.375% is still prevalent depending on the lender and scenario. ( Read More:What is A Best-Execution Mortgage Rate? ) US markets didn't do much... Dec 5, 2012 12:41PM Chatter on Elizabeth Warren; CFPB Ombudsman Report; Investor Updates Here's a recent inquiry: "Rob, what is up with government going after Gfee money ? Why does Congress have to vote to intrude into areas where it shouldn't be? How many times does it have to dip into the well? Shouldn't the actors and actresses be left out of providing the government for money to fund immigration issues? The two are totally unrelated! This is just a tax on the entertainment business, and I am sure us viewers will pay the costs through more advertising or whatever. What can we do about... MBS RECAP: Nearly Unchanged After Morning Rally Ebbs Refinancing Resumes in Post Holiday Week, Up 6% MBS MID-DAY: Positive And Relatively Steady Despite Volatility In Stocks The Importance of IT; Fed Notices Lousy Rate Sheet Pricing; "High Cost" Clarification HUD Tweaks Rules to Help House Hurricane Victims Bill Raising G-Fees Faces Tough Battle View: Front Page | Headline Viewer Micro News 2:50 PM: MBS Hit Lowest Levels Since Open. Reprice Risk Uncertain 10:15 AM: ECON: Factory Orders Higher Than Expected 10:10 AM: ECON: ISM Non-Manufacturing Shows Stronger Activity, But Weaker Employment 9:51 AM: Bond Markets Holding Gains After Stock Open, ISM Data Coming Up 8:35 AM: ECON: Productivity Higher Than Expected While Labor Costs Decline 8:20 AM: ECON: ADP Private Payrolls Slightly Lower Than Expected 3:22 PM: Another Day, Another Uneventful, Slightly Positive Afternoon 10:04 AM: Bond Markets Looking For Guidance, Finding Some From Equities »View All Micro News Around the Web Geithner: Ready to Go Over 'Cliff' If Taxes Don't Rise Greece Downgraded to 'Selective Default' by S&P SEC charges Wells Fargo banker, nine others in insider-trading case AIG Names DeMaio to Run Mortgage Insurer Mortgage-Bond Issuance in US More Than Triples to $7.4 Billion Obama Tells G.O.P. Not to Tie Debt Ceiling to Fiscal Debate »View More Around the Web Video News Sen. Shelby: I Don't Believe Democrats Are Negotiating Seriously Yet Geithner to CNBC: 'Little Bit of Progress' on 'Cliff' 'Worried About Housing': Pro »View More Video News Today's Comments "Clay Brown is absolutely correct. Additionally, costs are rising for lenders in that they (we) are having to add non-revenue producing staff for the simple..." "The gap between primary and secondary pricing has widened due to Dodd Frank!! Thousands of MLO's individually pricing loans used to be able to keep..." "Having Wal-Mart provide mortgage financing sounds like a novel idea, however I would imagine that there would be only a certain amount of eligible borrower..." »View More Comments Today's Q&A "Can mortgage-backed securities investors opt out of national mortgage settlement?" "Can an out-of-state broker act as a broker agent for a realtor in georgia" "Can I use a mixed use property (<25%) as collateral for a VA loan?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.35 -0.01 15YR 2.75 0.00 FHA30YR 3.25 0.00 Jumbo30YR 3.54 -0.02 5/1ARM 3.01 0.01 MBS Quotes 30YR FNMA 3 105-11 0-01 30YR FNMA 3 106-29 0-01 30YR FNMA 4 107-09 0-01 30YR FNMA 4 107-30 0-02 Treasuries 2 YR 0.2421 -0.0039 3 YR 0.3136 -0.0084 5 YR 0.6075 -0.0145 7 YR 1.0139 -0.0191 10 YR 1.5909 -0.0141 30 YR 2.7801 0.0011 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application 4.54% Mortgage Refinance 6.15% Mortgage Purchase 2117.89% Pending Home 5.22% FHFA Home Price 0.06% S&P/Case Shiller 0.29% 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 © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

The Importance of IT; Fed Notices Lousy Rate Sheet Pricing; "High Cost" Clarification

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Dec 4, 2012 4:23PM MBS RECAP: Slow And Sideways At Recent Highs While today continues to be plagued by the "little to report" phenomenon, we can't really complain about the price action. In a relative carbon copy of yesterday's pattern, we made gains in the morning and have been holding calmly sideways into the afternoon Dec 4, 2012 11:38AM The Importance of IT; Fed Notices Lousy Rate Sheet Pricing; "High Cost" Clarification As many lenders think back on record-breaking Novembers, and I head to Pennsylvania for the rest of the week, here is a quick bit of trivia. James Pierpont was the author of "One Horse Open Sleigh" which was first published in 1857. In 1859, he reissued the song under a new name: "Jingle Bells." It was a "sleighing song" which was a popular topic of the time and had nothing to do with Christmas, or for that matter, Thanksgiving. Why do I mention this? Well, if you recognize the name "Pierpont" that... Mortgage Rates Moderately Improved, Back To Recent Lows HUD Tweaks Rules to Help House Hurricane Victims Falling Loan Loss Provisions Boost Bank Earnings To 6 Year Highs MBS MID-DAY: Some Volatility Following Fed Buying, Still Slow Overall Attention Walmart Shoppers: Mortgages, Aisle 3 Bill Raising G-Fees Faces Tough Battle View: Front Page | Headline Viewer Micro News 3:22 PM: Another Day, Another Uneventful, Slightly Positive Afternoon 10:04 AM: Bond Markets Looking For Guidance, Finding Some From Equities 3:44 PM: Four Hours Later, Still Sideways At Best Levels Of The Day 10:48 AM: MBS Near Highs Through Rate Sheet Time 10:16 AM: ECON: Residential Construction Spending Highest Since 2008, Probably... 10:08 AM: ECON: ISM Manufacturing Much Weaker Than Expected 9:40 AM: Fighting To Hold Ground After Late Risk Rally Overnight 9:06 AM: ECON: Markit PMI At Six Month High, Signalling Moderate Growth »View All Micro News Around the Web AIG names new CEO for mortgage insurer United Guaranty SunTrust CEO Plans to Speed Branch Closings to Control Expenses Here's the Most Dangerous Idea in Washington: Economist Obama says Republican fiscal cliff plan out of balance: Bloomberg TV Chinese National Sentenced in Theft of NY Fed Code "Fiscal cliff" struggle prompts Republican infighting »View More Around the Web Video News Gross: We're Hopeful on Housing Toll Brothers Building Profits BofA CEO Says Mortgage Business Is Doing Better »View More Video News Today's Comments "The gap between primary and secondary pricing has widened due to Dodd Frank!! Thousands of MLO's individually pricing loans used to be able to keep..." "Having Wal-Mart provide mortgage financing sounds like a novel idea, however I would imagine that there would be only a certain amount of eligible borrower..." "The fact is that in nearly any sales role, the ability to earn based on production is usually a cornerstone. Few companies want to pay a substantial base..." »View More Comments Today's Q&A "Can I use a mixed use property (<25%) as collateral for a VA loan?" "i had my loan modified in my name only. " "Currently on deed and mortgage with my mother. How to remove her from both?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.36 -0.01 15YR 2.75 0.00 FHA30YR 3.25 0.00 Jumbo30YR 3.56 -0.01 5/1ARM 3.00 0.00 MBS Quotes 30YR FNMA 3 105-11 0-03 30YR FNMA 3 106-28 0-03 30YR FNMA 4 107-09 0-02 30YR FNMA 4 107-28 0-02 Treasuries 2 YR 0.2461 -0.0079 3 YR 0.3216 -0.0054 5 YR 0.6218 -0.0012 7 YR 1.0337 -0.0123 10 YR 1.6045 -0.0175 30 YR 2.7762 -0.0218 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Pending Home 5.22% Mortgage Application -0.85% Mortgage Refinance -1.51% Mortgage Purchase 2.64% FHFA Home Price 0.06% S&P/Case Shiller 0.29% 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 © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

Attention Walmart Shoppers: Mortgages, Aisle 3; Bill Raising G-Fees Faces Tough Battle

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Dec 3, 2012 2:53PM Attention Walmart Shoppers: Mortgages, Aisle 3 Results from a recent on-line study indicate that not all consumers are wedded to traditional lenders when it comes to their mortgage needs. Eighty percent of those surveyed, in fact, said they would consider obtaining a mortgage from a non-bank. Carlisle & Gallagher Consulting Group (CG), a management and technology consulting firm serving the financial services industry surveyed consumers in September to learn about their views toward home ownership, how recent changes in the mortgage industry... Dec 3, 2012 10:11AM Bill Raising G-Fees Faces Tough Battle Thanks to John T. Mechem, Vice President of Communications at the Mortgage Bankers Association (MBA) we learned a little more about The STEMS Jobs Act which passed the House of Friday in a 245 to 139 party line vote. MBA President David Stevens had earlier urged the House to reject one provision of the legislation. As MND reported on Friday , this is essentially an immigration bill, a controversial one, that, as originally filed, would grant an increased number of work visas to foreign nationals... Fed Attempts To Quantify Why Mortgage Rates Lag MBS Improvements Mortgage Rates Higher This Morning, But Back To Unchanged In The Afternoon Congress Targets Gfee Income Again; Mortgages at Wal-Mart? MBS RECAP: Morning Weakness Gives Way To Afternoon Stability House Passes HR 1629, Immigration Legislation to be Funded by G-Fee Increase Completed Foreclosures Fall 25 Percent in October View: Front Page | Headline Viewer Micro News 3:44 PM: Four Hours Later, Still Sideways At Best Levels Of The Day 10:48 AM: MBS Near Highs Through Rate Sheet Time 10:16 AM: ECON: Residential Construction Spending Highest Since 2008, Probably... 10:08 AM: ECON: ISM Manufacturing Much Weaker Than Expected 9:40 AM: Fighting To Hold Ground After Late Risk Rally Overnight 9:06 AM: ECON: Markit PMI At Six Month High, Signalling Moderate Growth 2:28 PM: MBS Winning Consolation Prize For A Rough November 12:50 PM: Obama Says Not Acceptable For "Handful Of Republicans" To Block Fiscal Deal »View All Micro News Around the Web Fitch Again Blasts S&P Grades on Credit Suisse Mortgage Bonds Mortgage Bond Sales Jumping 45% Hurt Fed's Buying Efforts Why Banks Are Enjoying Record Mortgage Revenue Freddie Mac: Quarterly Update to the Refinance Test Fed's Bullard: replacing "Twist" should not be 1-for-1 Fed's Rosengren Sees 'Strong Case' for More Asset Buying - Businessweek »View More Around the Web Video News Wal-Mart & PayPal Mortgages: Good for Investors? October Construction Spending Up 1.4% House Passes STEM Act »View More Video News Today's Comments "Comrade Miller....8 years of loan comparison analysis? Really? Clearly limited in scope if that is the best you can come up with? A set fee mandate? Come..." "What I propose is that there be set standard fees for everyone getting a mortgage and not the exorbitant abusive percentage based fees currently being..." "Mike (mrmillersr)...per your initial comment I see you think additional regulation would help our industry. What specifically do you propose? Should we..." »View More Comments Today's Q&A "What type of letter do you need for a deed change?" "Can I Short Sale my property in my current situation?" "Can I refinance my current Mortgage and roll my Home Equity Loan into the new loan. " »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.37 0.01 15YR 2.75 0.00 FHA30YR 3.25 0.00 Jumbo30YR 3.57 0.01 5/1ARM 3.00 0.00 MBS Quotes 30YR FNMA 3 105-08 0-02 30YR FNMA 3 106-26 0-01 30YR FNMA 4 107-07 0-01 30YR FNMA 4 107-26 0-02 Treasuries 2 YR 0.2539 0.0039 3 YR 0.3270 0.0030 5 YR 0.6234 0.0064 7 YR 1.0465 0.0095 10 YR 1.6216 0.0086 30 YR 2.7979 -0.0081 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Pending Home 5.22% Mortgage Application -0.85% Mortgage Refinance -1.51% Mortgage Purchase 2.64% FHFA Home Price 0.06% S&P/Case Shiller 0.29% 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 © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031