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Mortgage News Daily

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Why the Jumbo Loan Market is Finally Thawing
Posted to: Daily Newsletter
Thursday, October 25, 2012 4:56 PM

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Oct 25, 2012 4:36PM

Why the Jumbo Loan Market is Finally Thawing

Current housing recovery chatter centers around two main themes: slightly improving stats on home sales, prices and foreclosures low rates vs. tight credit Let me bring you into the trenches on theme two because it feeds theme one. Most mentions of “tight credit” are broad macro assertions but the press rarely details loan guidelines consumers face on the ground. So let’s look at how loan guidelines impact credit availability in the jumbo loan market. That is, the market for loans...

Oct 25, 2012 3:24PM

Mortgage Rates Jump Back To Recent Highs

Mortgage rates are sharply higher today, as global markets abandoned bond market holdings at the quickest pace of the week. When investors favor selling bonds vs buying, prices fall and yields--or interest rates --move higher. Even before the domestic trading session was underway, bond yields were much higher after Asian and European trading. This led to the secondary mortgage market starting the day off at the worst levels in over month. Underlying markets attempted to bounce back from the weakness...

Micro News

3:55 PM:

Tentatively Accepting That There Could Be A Bounce Back

1:30 PM:

Selling Pressure Continues, Bringing MBS Near Lows

1:19 PM:

Bond Markets Weakening Somewhat On Equities Bounce

11:40 AM:

Risk-On Becomes Risk-Off, And Convincingly! MBS Approach Breakeven Levels

10:08 AM:

ECON: Pending Home Sales Rise Slower Than Expected

9:32 AM:

Risk Reversal Overnight; Snowball Selling; Fighting To Hold Support Now

8:43 AM:

ECON: Durable Goods Rise Slightly Faster Than Expected

8:36 AM:

ECON: Jobless Claims Roughly As-Expected; 369k vs 370k

Around the Web

Video News

September Pending Home Sales Flat

Paul Miller on Bank of America Fraud Lawsuit

Eliminate 'Sacred Cow' Mortgage Rate Deduction?

Today's Comments


"This is disgusting that NO ONE is held accountable for this, just pay a "fine" no prison time for anyone? me ex worked for CW and was fired for..."

Peter J. Pike

"The idea that increases in real estate prices is a good thing is misplaced. First, the non-judicial state foreclosure process made robo-signing a simple..."

Charles Plott

"What about those of us in dire financial straights because of the corporate misfeasance of our banks? Those banks riddled with corporate greed and making..."

Today's Q&A

"Selling a Recreational Lease"

"refinance non occupant co borrower?"

"If my home needs some basic repairs, how will it affect my fair market value appraisal?"

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.63%
  • |
  • 15 Yr FRM 2.92%
  • |
  • Jumbo 30 Year Fixed 3.60%
MBS Prices:
  • 30YR FNMA 4.5 108-30 (0-00)
  • |
  • 30YR FNMA 5.0 110-25 (0-03)
  • |
  • 30YR FNMA 5.5 111-30 (0-04)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%