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Friday, November 6, 2009
Subject : Obama Signs Home Buyer Tax Credit Extension. Will It Be Effective?
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Obama Signs Home Buyer Tax Credit Extension. Will It Be Effective?
President Barack Obama signed into law this morning legislation extending the $8,000 tax credit beyond its current November 30 expiration date. The bill... -
MND NewsWire
MBS AFTERNOON: Like It Never Happened...
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MBS Commentary
Fannie Mae Posts 3Q Loss; Asks...
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MND NewsWire
Risk Retention and Transparency...
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Voice of Housing
Float Bias Back as Mortgage Rates...
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Mortgage Rate Watch
MBS MORNING: MBS Settling Into...
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MBS Commentary
MBS ALERT: Falling From the Highs...
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Foreclosure and Lending Regulation...
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MBS OPEN: Rates RALLY After Jobs...
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The Day Ahead: Fannie Mae Needs...
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MBS Quotes
FNMA 4.0
98-19
0-06
FNMA 4.5
101-11
0-09
FNMA 5.0
103-27
0-08
FNMA 5.5
105-13
0-07
FNMA 6.0
106-09
0-02
Updated: 11/6/09 4:27 PM
Treasuries
3 MO
0.0416
0.0016
2 YR
0.8401
-0.0599
5 YR
2.2947
-0.0553
10 YR
3.4971
-0.0729
30 YR
4.3974
-0.0126
Updated: 11/6/09 4:55 PM
Mortgage Rates
30 Yr FRM
4.96
-0.02
15 Yr FRM
4.42
-0.02
FHA 30 Year
5.11
-0.04
Jumbo 30 Year
5.92
-0.04
5/1 Yr ARM
3.90
-0.01
Updated: 11/6/09 4:54 PM
Latest Video
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Barney Frank on Financial Regulation
11/6/2009
Rep. Barney Frank, chairman of the House Financial Services Committee, gives his thoughts on financial regulation reform.
Elizabeth Warren Says TARP Will Probably Make a Profit: Video
11/6/2009
Nov. 6 (Bloomberg) -- Elizabeth Warren, chairman of the Congressional Oversight Panel for the Troubled Asset Relief Program, talks with Bloomberg's...
Econ Panel: Jobs Report & the Markets
11/6/2009
Torsten Slok, of Deutsche Bank, and Brian Wesbury, of First Trust Advisors, discusses today's jobs report and what it means for the markets.
Around The Web
After Hours: Fannie Mae shares may be on late-trading radar
Wells Fargo Tries Loan Exchange
Even More Unemployment Charts
Watch Foreclosures, Seriously
Employment-Population Ratio, Record Part Time Workers, Weak Holiday Hiring
Employment Report: 190K Jobs Lost, 10.2% Unemployment Rate
Top 5 Loan Modification Myths
NAIC To Produce New Ratings Model For RMBS
Environmentalism vs Homeownership
Regulation Going Backwards
»View All Recent Articles
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Recent Comments
Adam Quinones
on 11/6/2009 -
read this comment
I dont expect the tax credit extension to have a major impact on housing demand. While we might see home buying front end loaded in the first half of the year, underlying demand fundamentals remain weak...
David Gaffin
on 11/6/2009 -
read this comment
Talk about finding something floating in your soup. I was looking forward to a tasty day of locking. Will have to wait a bit. Adam do you think this turnaround this AM is looking inside the numbers at...
Edgar
on 11/6/2009 -
read this comment
AQ dont forget the 17.5% U6-unemployment number. Average hourly earnings showing improvement which the fed will probably like-along with the market bulls. Retail sales for xmas will be awesome with 17...
Bette Miller
on 11/5/2009 -
read this comment
I wish this could have been through the summer months of 2010 so those families that wish to move during the summer could do so. Also, the short sale approvals need to speed up so people can get the ball...
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Loan Scenario: MD, $660,000, 690, 78% LTV, Refinance (Rate and Term)
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MD
11/6/2009
660,000.00
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NJ
11/5/2009
360,000.00
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TX
11/5/2009
479,250.00
Purchase
VA
11/5/2009
575,000.00
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11/4/2009
640,000.00
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11/4/2009
200,000.00
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View More at the Market Data Center
Mortgage Rates:
30 Yr FRM 3.89%
|
15 Yr FRM 3.25%
|
Jumbo 30 Year Fixed 4.12%
MBS Prices:
30YR FNMA 4.5 106-23
(0-02)
|
30YR FNMA 5.0 108-02
(0-01)
|
30YR FNMA 5.5 108-29
(0-00)
Recent Housing Data:
Mortgage Apps
23.07%
|
Refinance Index
26.40%
|
Purchase Index
10.33%
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