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Monday, March 15, 2010
Subject : Home Builder Confidence Falls on Foul Weather and Distressed Sales
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Home Builder Confidence Falls. Foul Weather and Distressed Sales Cited as Reason
In March, Builder confidence lost the small amount of progress seen in February, falling two points to 15 where the index sat in January. The NAHB cites... -
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Treasury and HUD are reporting that the number of homeowners who have converted to a permanent loan modification status under the Making Home Affordable... -
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MBS Quotes
FNMA 4.0
97-27
-0-01
FNMA 4.5
100-30
0-02
FNMA 5.0
103-24
0-00
FNMA 5.5
105-18
0-00
FNMA 6.0
106-16
-0-01
Updated: 3/15/10 4:30 PM
Treasuries
3 MO
0.1450
-0.0050
2 YR
0.9396
-0.0304
5 YR
2.3951
-0.0250
10 YR
3.6949
-0.0151
30 YR
4.6267
0.0067
Updated: 3/15/10 5:15 PM
Mortgage Rates
30 Yr FRM
4.96
-0.02
15 Yr FRM
4.31
-0.01
FHA 30 Year
5.15
-0.03
Jumbo 30 Year
6.48
-0.01
5/1 Yr ARM
4.16
-0.03
Updated: 3/15/10 6:34 PM
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3/15/2010
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»View All Recent Articles
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Recent Comments
Victor Burek
on 3/15/2010 -
read this comment
Daniel, what rate and you being quoted. And you are closing within 30 days or just over 30 days?
Adam Quinones
on 3/15/2010 -
read this comment
Sure, I have been writing extensively on the topic over on MND NewsWire. Here is a post that will bring you up to speed:http://www.mortgagenewsdaily.com/03102010_mba_mortgage_applications.asp
Scott Maycumber
on 3/15/2010 -
read this comment
AQ, I think you may have missed my question on Friday. But I was wondering if the lack of too much talk over the thermometer to the right of the page, (hence fed exiting the MBS market) means that you...
Charles Motley
on 3/15/2010 -
read this comment
Shadow inventory definitely playing a part in my area. Many of the homes listed have been seeing 10, 15 or even 20+ competing offers. The bank's plan to increase demand managed to up our median home...
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Loan Scenario: IL, $243,000, 654, 81% LTV, Refinance (Rate and Term)
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IL
3/15/2010
243,000.00
Refinance (Rate and Term)
NY
3/12/2010
250,000.00
Purchase
NV
3/11/2010
364,000.00
Refinance (Rate and Term)
GA
3/5/2010
532,000.00
Refinance (Rate and Term)
MA
3/4/2010
320,000.00
Refinance (Rate and Term)
MA
3/4/2010
300,000.00
Refinance (Rate and Term)
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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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