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  • Wed, Jul 28 2010
  • 7:13 PM » U.S. Build America Bonds Extended Under Bill Advanced in House
    Published Wed, Jul 28 2010 7:13 PM by Business Week
    The Build America Bond program would be extended for two years under a bill introduced in the House of Representatives after previous efforts to extend the subsidized municipal-debt offerings stalled in the Senate.
    Click Here to Read the Full Article

    Source: Business Week
  • 7:13 PM » Obama Debt Commission Co-Chairman Wants Focus on Spending Cuts
    Published Wed, Jul 28 2010 7:13 PM by Business Week
    A co-chairman of President Barack Obama’s debt commission said as much as three-quarters of the panel’s proposed savings ought to come through cuts to government spending rather than tax increases.
    Click Here to Read the Full Article

    Source: Business Week
  • 7:13 PM » OBAMA ADMINISTRATION AWARDS $19.5 MILLION TO PRODUCE MORE ASSISTED LIVING SENIOR HOUSING IN FOUR STATES
    Published Wed, Jul 28 2010 7:13 PM by HUD
    WASHINGTON -Elderly Americans in Arizona, Maryland, New York and Ohio will soon find themselves living in upgraded apartments equipped to meet their physical needs because of $19.5 million in grants from the U.S. Department of Housing and Urban Development. HUD today announced the grants to help convert existing multifamily projects into assisted living facility for the elderly. A detailed summary of each grant is attached to this release.
  • 4:06 PM » Low Mortgage Rates Leave Buyers Unmotivated
    Published Wed, Jul 28 2010 4:06 PM by Google News
    Mortgage rates are low. Very low. But so is buyer interest.
  • 2:01 PM » Treasury: HAMP Re-default Rate incorrect
    Published Wed, Jul 28 2010 2:01 PM by Calculated Risk Blog
    Several analysts noted the reported re-default rate appeared too low ... it was. Shahien Nasiripour at the HuffPo has the story: The Obama administration has revised its latest monthly report on its signature foreclosure-prevention plan, deleting a heavily-criticized performance metric used to measure whether assisted homeowners are re-defaulting on their taxpayer-financed mortgages. ... "Subsequent to releasing the report, Treasury received inquiries regarding the calculation methodology used in this table," spokesman Mark Paustenbach said Tuesday. "These inquiries were related to the treatment of modifications that are cancelled from HAMP and ultimately become ineligible for TARP incentives after 90 days delinquency. "In an effort to review and better explain the methodology, we learned from our program administrator, Fannie Mae, that not all cancelled loans were included in the underlying information provided to Treasury," Paustenbach continued. "The error caused inconsistent reporting of permanent modifications during the snapshots reported. These omissions have impacted our previous analysis... with respect to the performance of HAMP permanent modifications." ... In place of the now-deleted table, in a revised report posted Monday to their FinancialStability.gov Web site, Treasury said: "Since the Making Home Affordable report was posted on July 20th, Fannie Mae, which administers the program, has reported to Treasury an issue in its implementation of the delinquency statistic methodology used to report performance of permanent modifications. Fannie Mae is now revising the data, and Treasury has retained a third-party consultant to provide additional review and validation. Upon completion of that independent review, a revised table will be provided.". As Nasiripour notes, most analysts think a majority of HAMP modifications will eventually re-default. Nasiripour mentions a Fitch analyst's forecast that 75 percent...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:01 PM » Morgan Stanley: More Irresponsible Mortgage Lending, Please
    Published Wed, Jul 28 2010 2:01 PM by The Big Picture
    Yet another economist who dines at the restaurant of the free lunch: David Greenlaw of the US Economics Team at Morgan introduces what he calls a “Slam Dunk Stimulus” of sorts: “If it were possible to inject a significant amount of stimulus into the US household sector, and this stimulus had zero impact on the budget deficit, did not require an exit strategy, did not distort the markets, and took effect almost immediately, wouldn’t it seem like a slam dunk? Such an option actually exists in the form of a change to mortgage refinancing requirements.” His proposal? Change the Loan-to-Value requirements of homeowners applying for a refinancing . In other words: The solution to poor lending standards and ultra low rates is to reduce the lending standards further to take advantage of even lower rates . WTF? If that sounds absurd, it probably is because it is. The best rationale that Greenlaw musters for doing this is that Uncle Sam is already on the hook for the existing debt, so why the hell not do the refis: “ The Federal government stands alone as the guarantor of the principal value of agency-backed mortgages. ” But that leads to such absurd conclusions as Greenlaw’s argument for a streamlined refi process for agency mortgages. In his final sentence, he states: “ Quite simply, there is no need for a case-by-case credit analysis when the principal value of the mortgage is already backed by the government.” I’m sure that will work out just fine . . . > > Source : Slam Dunk Stimulus David Greenlaw Morgan Stanley, July 27, 2010 US Economics
    Click Here to Read the Full Article

    Source: The Big Picture
  • 2:01 PM » Updating the Case Shiller 100 Chart & Forecast
    Published Wed, Jul 28 2010 2:01 PM by The Big Picture
    Back in 2008, I ran this of the Case Shiller Housing Price Index by BP reader Steve Barry. It was widely reproduced around the web. (Unfortunately, some unscrupulous folks striped Steve’s authorship off of it, and passed it off as their own). I asked Steve to update Shiller’s , now that much of the government intervention has run its course. There is still massive Federal Reserve subsidies in the form of record low rates. But the short term bounce caused by HAMP, Foreclosure abatements and first time home buyers tax credits are mostly over. Here is Steve’s chart: > click for ginormous graphic Chart courtesy of the , as modified by Steve Barry > Previously: (December 30th, 2008) (June 24th, 2010)
    Click Here to Read the Full Article

    Source: The Big Picture
  • 11:10 AM » Real Estate News: Home Prices Rise, But Expectations Fall
    Published Wed, Jul 28 2010 11:10 AM by Google News
    Here is a look at real-estate news in today's WSJ:
  • 9:05 AM » Don't Give the Tax Credit Too Much Credit
    Published Wed, Jul 28 2010 9:05 AM by NY Times
    The tax credit for new home buyers that was instituted last year did little to bolster the housing market, an economist writes.
  • 9:05 AM » BofA, Citi, Wells Fargo Outlook Negative: Moody's
    Published Wed, Jul 28 2010 9:05 AM by CNBC
    BofA, Citi, Wells Fargo Outlook Negative: Moody's
  • 9:05 AM » Credit Cards Transfer Money From Poor To Rich Households: Study
    Published Wed, Jul 28 2010 9:05 AM by The Huffington Post
    Credit cards do more than drain money from your wallet -- they may actually create an "implicit money transfer" from the poor to the rich, according to a new study from the Boston Federal Reserve. The study, titled , suggests that, as card use becomes more frequent, merchants have raised their prices to compensate for card-processing charges. (Hat tip to the ) As a result, the study suggests, the poor -- who usually lack access to reward-paying credit cards -- end up paying more for everyday goods. Over the last two decades, the paper notes, the percentage of households using credit cards has remained stable at around 75 percent. But total card-spending has jumped from nine percent to 15 percent. The increased use of cards drives up fees paid by merchants, who raise prices to cover the costs of the cards. As card-using households make more and more purchases with credit cards and jump to take advantage of card rewards programs, "cash-using" households bear the brunt of higher prices without any of the benefits of cards. Here's more from authors Scott Schuh, Oz Shy and Joana Stavins: On average, each cash-using household pays $151 to card-using households and each card-using household receives $1,482 from cash users every year. Because credit card spending and rewards are positively correlated with household income, the payment instrument transfer also induces a regressive transfer from low-income to high-income households in general. The authors suggest a few approaches policy makers could take to mitigate the damage caused by credit cards, including allowing merchants to adjust prices based on whether a purchase is made by cash or credit, a practice that is currently against the law. Read the study below: -
    Click Here to Read the Full Article

    Source: The Huffington Post
  • 9:05 AM » Is The Real Estate Market Turning Around?
    Published Wed, Jul 28 2010 9:05 AM by Seeking Alpha
    submits: From The Daily Capitalist Interesting things have been happening in the real estate markets.
    Click Here to Read the Full Article

    Source: Seeking Alpha
  • 8:19 AM » Cost of War
    Published Wed, Jul 28 2010 8:19 AM by The Big Picture
    You know I am a sucker for these sorts of infographics: > Chart courtesy of > Source : ELISABETH BUMILLER NYT, July 24, 2010 http://www.nytimes.com/2010/07/25/weekinreview/25bumiller.html
    Click Here to Read the Full Article

    Source: The Big Picture
  • 8:19 AM » Who Owns US Treasury Debt?
    Published Wed, Jul 28 2010 8:19 AM by The Big Picture
    Via , we get today’s dose of infoporn: >
    Click Here to Read the Full Article

    Source: The Big Picture
  • 8:19 AM » Case-Shiller: Four Years From the Peak
    Published Wed, Jul 28 2010 8:19 AM by The Big Picture
    The Case-Shiller Index printed this morning, so a bit of chart/table porn is in order. Below is a 20-in-1 look at the Composite 20 (both the chart and the table are NSA): 19 of the 20 metro areas showed sequential gains for the month, the only laggard being Las Vegas. Here’s a nostalgic city-by-city look back at the two year period that defined the peak of the bubble, and where we stand now. Interestingly, Boston was the first city to peak, in September 2005. Charlotte brought up the rear, peaking two years later in August 2007. (Please click through the image for clarity.)
    Click Here to Read the Full Article

    Source: The Big Picture
  • Tue, Jul 27 2010
  • 5:49 PM » Foreclosure Hurts Values More Than Bankruptcy
    Published Tue, Jul 27 2010 5:49 PM by Google News
    According to a study from Harvard University and the Massachusetts Institute of Technology, foreclosures decrease home values by 27 percent on average.
  • 5:49 PM » Moody's: Limit Deductions for Home Owners
    Published Tue, Jul 27 2010 5:49 PM by Google News
    Moody's Chief Economist Mark Zandi suggests limiting mortgage and property tax deductions to help pay down the national deficit.
  • 5:49 PM » Lenders Are Studying Shopping Habits
    Published Tue, Jul 27 2010 5:49 PM by Google News
    Banks hire risk-management companies that examine clients' purchasing transactions in an effort to gather credit information, find lending risk, and prevent fraud.
  • 5:48 PM » Consumer Confidence Falls, Lowest Since February
    Published Tue, Jul 27 2010 5:48 PM by CNBC
    Consumer Confidence Falls, Lowest Since February
  • 5:17 PM » For Housing Outlook, Look Past Tax Credit to Jobs
    Published Tue, Jul 27 2010 5:17 PM by WSJ
    The future of home buying will rely less on real-estate fundamentals and more on how consumers view job prospects. Until the labor market perks up, lifting paychecks along with it, households will remain reluctant or unable to take on a long-term mortgage.
  • 5:17 PM » Housing, Rental Vacancies Flat From Year Ago
    Published Tue, Jul 27 2010 5:17 PM by WSJ
    Vacancy rates for both for-sale homes and rental units were flat in the second quarter from a year ago, according to the Census Bureau's residential vacancies report released today.
  • 5:17 PM » Making Energy Efficiency Affordable for All Americans
    Published Tue, Jul 27 2010 5:17 PM by National Housing Conference
    To get serious about the energy and climate crisis in America, we need to start with where we live. Over 20 percent of US carbon emissions in 2008 came from our homes, according to the . To bring that number down, we need real world solutions that are practical for all Americans to implement – not just families with the most resources. The Center for Housing Policy just launched a that highlights residential energy efficiency solutions available for families and policymakers. The toolkit offers strategies to improve the efficiency of existing single-family and multifamily homes, with a special focus on low- and moderate-income households. Developed with support from , the online resource is an expansion of , the Center’s online guide to state and local housing policy, and lays out a comprehensive energy-efficiency program, including in residential energy efficiency, to help families afford the costs of green upgrades, and more. There’s also a for members of the interactive HousingPolicy.org Forum to share questions, case studies, and best practices related to residential energy efficiency. The includes several areas where members are encouraged to share , , and other resources prepared by other organizations. (Not yet a member of the Forum? to learn more.) To help introduce this new section, the Center for Housing Policy will host a Webinar today, July 27 from 1:00 p.m. - 2:00 p.m. EDT (10:00 a.m. - 11:00 a.m. PDT) . The Webinar will provide an overview of the new toolkit, including a "tour" of key content areas, and will also feature speakers from , a division of Chicago's , discussing their program.
    Click Here to Read the Full Article

    Source: National Housing Conference
  • 4:31 PM » Real Estate News: Supply of Homes Set to Grow
    Published Tue, Jul 27 2010 4:31 PM by Google News
    Here is a look at real-estate news in today's WSJ:
  • 1:08 PM » Realtors Urge Barney Frank to Support U.S. Covered Bond Bill
    Published Tue, Jul 27 2010 1:08 PM by www.coveredbondinvestor.com
    The National Association of Realtors® (NAR) has sent a letter to U.S. House Financial Services Committee (HFSC) Chairman Barney Frank (D-MA), urging him to support the revised version of the proposed U.S. Covered Bond Act of 2010 that was . Vicki Cox Golder The letter (dated July 26) comes one day before the HFSC is . Proponents believe comprehensive covered bond legislation could help bring more private capital back into the U.S. housing finance market. Signed by Vicki Cox Golder, NAR's 2010 President, the letter reads in full: Dear Chairman Frank: On behalf of the 1.1 million members of the National Association of REALTORS® (NAR), I respectfully request that you support H.R. 5823, the "United States Covered Bond Act of 2010," introduced by Representatives Paul Kanjorski (D-PA) and Scott Garrett (R-NJ). The foundation of our economy is housing. Many business sectors have developed from it, and many more thrive because of it. In nearly all of our economic downturns, it has been housing that has pulled us through. Therefore, as we endeavor to reform and rebuild our housing system, Realtors® believe that it is imperative that all housing finance instruments in our arsenal be utilized. The "covered bond" is one tool which our members want to see integrated into our housing finance system. Our members recognize that this tool will not take the place of mortgage backed securities (MBS) as the primary generator of liquidity for our housing market. However, we do believe that using this tool, in tandem with MBS, can offer increased liquidity and safety in our secondary market. Realtors® thank you for your diligent work to bring confidence and strength back to our finance system. As you continue this endeavor, we strongly encourage you to support Representatives Kanjorski and Garrett's legislation, H.R. 5823, ensuring that no housing finance tool is left unused as we step toward the future. As always, NAR stands ready to collaborate...
    Click Here to Read the Full Article

    Source: www.coveredbondinvestor.com
  • 10:30 AM » Credit Cards Take From Poor, Give to the Rich
    Published Tue, Jul 27 2010 10:30 AM by WSJ
    Merchant fees and reward programs offered by many credit-card issuers essentially take money from those who have the least and give it to those who have the most, a Boston Fed paper said. The imbalance may have to be remedied via government intervention, the authors argued.
  • 10:30 AM » A Look at Case-Shiller, by Metro Area (July Update)
    Published Tue, Jul 27 2010 10:30 AM by WSJ
    The S&P/Case-Shiller Composite 20 home price index, a broad gauge of U.S. home prices, posted a 1.3% gain in May from a month earlier and rose 4.6% from 2009, as the expiration of a federal tax credit boosted prices.
  • 10:30 AM » The Threat of ‘Sidelined’ Home Sellers
    Published Tue, Jul 27 2010 10:30 AM by Google News
    Will a flood of home sellers topple the housing market's new-found stability?
  • 8:10 AM » Home builders to start building more homes?
    Published Tue, Jul 27 2010 8:10 AM by Calculated Risk Blog
    The following article discusses both new and existing home supply. Here is a short excerpt on new homes ... From Robbie Whelan at the WSJ: Home builders ... are stuck with thousands of acres that are prone to lose value as the market struggles. Many will build homes on the land, rather than write off its value and wait for the market to improve. ... "They're discounting the homes, they're making very small profit margins, but they're building homes." [said Brad Hunter, chief economist at Metrostudy] ... Other indicators also point to builders preparing to increase home construction, despite lagging sales. The number of finished vacant lots, or parcels of land that have been developed and readied for building, stands at about 1.2 million nationwide, according to Metrostudy, or just 5% below the peak in late 2008. In some communities with excess supply, home builders are competing with the distressed sales by building smaller homes. As an example, a couple months ago David Streitfeld at the NY Times wrote about a building boom in Las Vegas: Home prices in Las Vegas are down by 60 percent from 2006 in one of the steepest descents in modern times. There are 9,517 spanking new houses sitting empty. An additional 5,600 homes were repossessed by lenders in the first three months of this year and could soon be for sale. Yet builders here are putting up 1,100 homes, and they are frantically buying lots for even more. ... Land and labor costs have fallen significantly, so the newest homes are competitively priced. But just because they have the lots, I hope they don't start overbuilding again.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:10 AM » Survey shows house prices falling in June, but long wait for house price indexes
    Published Tue, Jul 27 2010 8:10 AM by Calculated Risk Blog
    Campbell Surveys put out a press release this morning: Home Prices Tumble in Most Categories During June (no link) A drop in homebuyer activity helped trigger a noticeable decline in home prices between May and June, according to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions. ... Average prices tumbled by 6.8% for move-in ready foreclosed properties, 6.3% for short sales, and 4.6% for non-distressed properties. ... “Prices are dropping…same house that had 2 showings a day in April with hopes of a closing by June at $139,000 now gets a showing of just one a week if we are lucky and at $129,000,” reported a real estate agent responding to the survey and located in Florida. “Buyers just plan on deducting the $8,000 off what they are going to offer now. So, now prices are dropping to compensate for the credit not being available,” stated an agent located in Ohio. ... “Contracts signed in June will be closing in July and August,” explained [Thomas Popik, research director for Campbell Surveys]. “That’s why we know prices for closed transactions will continue their decline. But this won’t be reflected in the publicly-released price indexes until October or November.” We already know existing home sales collapsed in July, however, as Popik notes, it will take some time for the impact on house prices to show up in the house price indexes. The Case-Shiller index is a three month average and is released with a two month lag. The Case-Shiller house price index to be released tomorrow will be for a three month average ending in May. The first Case-Shiller release with July prices will be released at the end of September - and that will include the months of May, June and July! And prices were probably up in May and June. And prices don't fall overnight. Based on the timing of the above survey, prices fell from May to June - and those transactions will probably mostly closed in August. That is why Popik is saying the price declines...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:10 AM » The U.S. Economy’s Lost Decade
    Published Tue, Jul 27 2010 8:10 AM by The Big Picture
    We interrupt the George Bush for brief reminder: “For most of the past 70 years, the U.S. economy has grown at a steady clip, generating perpetually higher incomes and wealth for American households. But since 2000, the story is starkly different. The past decade was the worst for the U.S. economy in modern times, a sharp reversal from a long period of prosperity that is leading economists and policymakers to fundamentally rethink the underpinnings of the nation’s growth. It was, according to a wide range of data, a lost decade for American workers. The decade began in a moment of triumphalism — there was a current of thought among economists in 1999 that recessions were a thing of the past. By the end, there were two, bookends to a debt-driven expansion that was neither robust nor sustainable.” Just in case you forgot: By nearly any conceivable measure, the George W. Bush administration (2000-08) economic performance was the worst of any President since Hoover. > > Source: Neil Irwin Washington Post, January 2, 2010 http://www.washingtonpost.com/wp-dyn/content/article/2010/01/01/AR2010010101196_pf.html
    Click Here to Read the Full Article

    Source: The Big Picture
  • 8:09 AM » New Homes Sales: Mostly Noise, Little Signal
    Published Tue, Jul 27 2010 8:09 AM by The Big Picture
    Last month, when new home sales , I warned investors that “This data series is , and you are must better off using a 3 month moving average than reading too much into any single month.” This month, we see that New Home sales jumped 24%. The same caveat applies: Ignore the swings, look at the moving average to smooth out the volatility. In fact, the series is so noisy that way back in 2005, we had to to a study to figure out what to make of it. Our conclusion? “Looking back over the past 15 years of data, we see that a mean regression has followed nearly all double digit monthly gains. The subsequent month’s data was significantly lowered — flat to negative in nearly every case.” I have yet to do study on the negative double digit months, but I have a suspicion it would be the same. Bottom line: Anytime you see a big gain or drop in this data series, you should expect a reversal the following month. > click for larger chart Courtesy of > Previously : (November 30th, 2005) (June 23rd, 2010) Source : U.S. Department of Commerce, Manufacturing and Construction Division APRIL 23, 2010 AT 10:00 A.M. EDT Erica Filipek or Stephen Cooper http://www.census.gov/const/newressales.pdf
    Click Here to Read the Full Article

    Source: The Big Picture
  • 8:09 AM » ResCap auction advances but hurdles remain
    Published Tue, Jul 27 2010 8:09 AM by Reuters
    NEW YORK (Reuters) - An auction of Ally Financial's Residential Capital has advanced into the second round, with some would-be buyers circling the assets, but a sale of the mortgage lender faces hurdles, sources familiar with the matter said.
  • 8:09 AM » Supply of Homes Set to Grow
    Published Tue, Jul 27 2010 8:09 AM by WSJ
    Sales of new homes are near 47-year lows, yet the supply of new and existing homes is expected to grow in the months ahead as construction ramps up and a wave of foreclosed homes hits the market.
  • 8:09 AM » Debating the Securitization of Mortgages
    Published Tue, Jul 27 2010 8:09 AM by NY Times
    The securitization of mortgages may have encouraged risky lending, but it also kept the weight of the housing crisis from falling entirely on banks in the United States, an economist writes.
  • 8:09 AM » Report: Foreclosures Reduce Home Values by 27%
    Published Tue, Jul 27 2010 8:09 AM by Google News
    On average, foreclosures reduce the value of a house by 27%, says a new paper from an economist at the Massachusetts Institute of Technology and researchers at Harvard University.
  • 8:09 AM » Financial Overhaul Includes $1 Billion in Mortgage Aid for Unemployed
    Published Tue, Jul 27 2010 8:09 AM by Google News
    The bill allocates $1 billion for borrowers who could normally afford their payments but have fallen behind due to unemployment.
  • Mon, Jul 26 2010
  • 1:59 PM » How to Recognize a Sellers Market
    Published Mon, Jul 26 2010 1:59 PM by Google News
    As a homeowner, and a prospective seller, you may be wondering if now is a good time to put your home on the market. But how can you tell if the market is in your favor at this time? Will you lose money or make money? Is it a "sellers market"?
  • 1:59 PM » Basel Committee Reaches Broad Agreement on Capital, Liquidity Reforms
    Published Mon, Jul 26 2010 1:59 PM by WSJ
    International central bankers and regulators have reached "broad agreement" on the design of capital and liquidity reforms, and that they will finalize calibration and phase-in requirements at a meeting in September.
  • 1:44 PM » Foreclosure Crisis Up Close and In Person
    Published Mon, Jul 26 2010 1:44 PM by CNBC
    Bruce Marks, who presides over these events claims they will see 60,000 borrowers over the next 8 days, and he also claims 80 percent of those borrowers will get modifications. Roughly 10 percent will get principal reductions, while most will get new interest rates as low as 2 and 3 percent fixed for the life of the loan.
  • 11:07 AM » Chicago Fed: Economic activity declined in June
    Published Mon, Jul 26 2010 11:07 AM by Calculated Risk Blog
    Note: This is a composite index based on a number of economic releases. From the Chicago Fed: Led by deterioration in production- and employment-related indicators, the Chicago Fed National Activity Index declined to –0.63 in June , down from +0.31 in May. Three of the four broad categories of indicators that make up the index made negative contributions in June, while the sales, orders, and inventories category made the lone positive contribution. The index’s three-month moving average, CFNAI-MA3, decreased to –0.05 in June from +0.31 in May. The CFNAI-MA3 suggests that growth in national economic activity returned very close to its historical trend in June after reaching its highest level since March 2006 in May. With regard to inflation, it indicates subdued inflationary pressure from economic activity over the coming year. Click on table for larger image in new window. This graph shows the Chicago Fed National Activity Index (three month moving average) since 1967. According to the Chicago Fed: A zero value for the index indicates that the national economy is expanding at its historical trend rate of growth; negative values indicate below-average growth; and positive values indicate above-average growth. This is a compositive of other indicators. June was definitely a weak month.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
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Mortgage Rates:
  • 30 Yr FRM 2.80%
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  • 15 Yr FRM 2.30%
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  • Jumbo 30 Year Fixed 3.30%
MBS Prices:
  • 30YR FNMA 4.5 108-16 (-0-02)
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  • 30YR FNMA 5.0 110-15 (-0-01)
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  • 30YR FNMA 5.5 111-08 (-0-01)
Recent Housing Data:
  • Mortgage Apps 1.06%
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  • Refinance Index 1.40%
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  • Purchase Index 1.81%