http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspxThe rates market is defensive as most markets are essentially trendless...randomly testing resistance and support levels...in search of NEW DIRECTION!!! The S&amp;P has moved above 928 this morning....look for this price point to prove hard to break.enCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88890Wed, 01 Jul 2009 20:39:19 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88890Roger WestThanks for the support guys.. I love this board.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88890" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88793Wed, 01 Jul 2009 18:12:31 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88793Adam JanikRoger this is your money and they are your borrowers. Nobody on here is going to be able to tell you what will happen with rates. Go with the option that is going to keep the rate the same and costs less. Time to leave the nest and make a decision. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88793" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88780Wed, 01 Jul 2009 17:49:57 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88780john schnyderite3 weeks left for me. is it time to bite the bullet with 5.5 - 5.625 becoming the norm?<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88780" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88772Wed, 01 Jul 2009 17:37:43 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88772Roger WestThe rate cost for 5.00% is 98.25 for one loan plus .125 hit for refi. FHA. The other is 5.375% FHA cost of 99.25% pluse .125 refi wose case pricing if I cancel current lock and then relock in today. Any thoughts?<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88772" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88766Wed, 01 Jul 2009 17:23:49 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88766Adam QuinonesRay Ray: good GUTFLOP, stay conscious of your balance sheet and those of your borrowers. Much more risk of yields moving higher compared to chance for rally. If borrower cannot afford an uptick in rates be cautious of floating (not that you already arent, more of a reminder) Roger: all is dependent upon the release of Non Farm Payrolls Data tomorrow. We need a rally in TSYs. Beyond that MBS has some room to withstand a portion of TSY selling (if it occurred) but rate sheets would still suffer badly in the event of a snowball sell off. Lock in your borrowers who are sensitive. Let a few float if you can balance out your income over your entire pipeline.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88766" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88762Wed, 01 Jul 2009 17:16:45 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88762Gary ToalJason, I think you kinda confused me.....30 days to watch the rate float down. If you lucky, you might even see 2.9%? How can that be? .....thanks for help Gary, a point is $5,000. If you have a float down mortgage, that means that when you close, you have 30 days to watch the rate float down. If you&#39;re lucky, you might even see 2.9%. Par rates are what we give to Tiger Woods, but he can also qualify for a Birdey rate. The cost for a normal consumer to get a Par rate is $79.95.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88762" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88757Wed, 01 Jul 2009 16:59:39 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88757Roger WestAre we expecting pricing to get better by next week?<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88757" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88754Wed, 01 Jul 2009 16:57:38 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88754Ryan WiebeObama MHA is now going to 125% as opposed to the 105% cant wait to see those LLPA&#39;s. Why doenst HUD just open back up the 95% c/o FHA&#39;s. That will actaully do so much better! http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=aHVHVQAbwbvY<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88754" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88753Wed, 01 Jul 2009 16:56:55 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88753Steve FeidenRoger, if your lock expires today, extending vs letting it expire is a no brainer, you will be getting worst case pricing anyway. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88753" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88752Wed, 01 Jul 2009 16:51:16 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88752Raymond J Ruddy III7 locks in, 5 floats. 3 in docs, couple of purchases and cash outs. feeling rather gut-flopped, hedged and ready for the weekend.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88752" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88750Wed, 01 Jul 2009 16:50:21 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88750J. 'Hammer' HelmerRoger - they answer their viewpoint up around the black chart. Bottom line - you should have looked at something Monday, but if you didn&#39;t I would bang it up today over tomorrow - I think tomorrow looks like crappy pricing no matter what the market does because lenders don&#39;t want their pants down over a long weekend and a good chunk of them won&#39;t be putting out Friday pricing. Take your lumps and go find another loan my man!<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88750" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88747Wed, 01 Jul 2009 16:42:10 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88747Roger WestFrom a LO view, should we lock loans today. I have two closing for next week. A 15 day lock to extend is costing .375 because pricing is worse then the day that these were both locked? Any advice?<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88747" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88743Wed, 01 Jul 2009 16:39:48 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88743Ryan WiebeSteve, i think that about sums it up! We must be like Chuck Norris; sleep with one eye open just so he can watch the sun come up<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88743" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88739Wed, 01 Jul 2009 16:36:26 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88739Steve FeidenSleep with one eye opened?<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88739" width="1" height="1">http://www.mortgagenewsdaily.com/mortgage_rates/blog/88725.aspx#88737Wed, 01 Jul 2009 16:33:27 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:88737Adam Quinonesmake sense people?<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88737" width="1" height="1">