Thursday, November 5, 2009
Subject : House Passes Home Buyer Tax Credit Extension - Obama to Sign as Soon as Friday
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The House of Representatives has voted to pass legislation extending the first time home tax credit until April 30, 2009.
Last night the Senate voted... - MND NewsWire
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| MBS Quotes |
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FNMA 4.0
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98-15
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0-07
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FNMA 4.5
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101-04
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0-08
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FNMA 5.0
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103-20
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0-02
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FNMA 5.5
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105-05
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-0-01
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FNMA 6.0
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106-05
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0-00
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Updated: 11/5/09 4:29 PM
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| Treasuries |
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3 MO
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0.0400
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-0.0100
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2 YR
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0.9000
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-0.0100
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5 YR
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2.3500
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-0.0400
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10 YR
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3.5700
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0.0000
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30 YR
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4.4100
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0.0000
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Updated: 11/5/09 5:49 PM
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| Mortgage Rates |
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30 Yr FRM
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4.98
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-0.04
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15 Yr FRM
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4.44
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-0.04
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FHA 30 Year
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5.15
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-0.03
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Jumbo 30 Year
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5.96
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-0.03
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5/1 Yr ARM
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3.91
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-0.03
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Updated: 11/5/09 4:33 PM
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| Recent Comments |
 | | Edgar | |
on 11/5/2009 - read this comment | |
Joe: While I think the down payment should be more, you hit the key point-down payment. If you have a 740 FICO score, liquid assets, long term job history, previous owning experience pure A PAPER etc....
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|  | | Bobby Downey | |
on 11/5/2009 - read this comment | |
Edgar while FHA in itself has lenient guidelines a lot of investors are tightening their specific credit requirements and introducing overlays. So just as we have seen credit quality improve in PRIME stuff...
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 | | Lisa Montoya | |
on 11/5/2009 - read this comment | |
My daughter is a first time home buyer, and is purchasing her very own townhouse in Phoenix, AZ. She locked on Wednesday (FHA-30 yr) at a 5 %, BUT she had to buy down. Original quote which was given to...
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| | | Missy Jasso | |
on 11/4/2009 - read this comment | |
I wish to thank you ALL for your informative blogs. I have been in the process of a refi and your advice has been invaluable. AQ I don't care how much flack you have been getting from the forums on...
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