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Wednesday, August 25, 2010
Subject : Lenders Still in Limbo after USDA Rural Housing Issues Funding Update
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USDA Rural Housing Issues Funding Update: Lenders Still in Limbo
Single Family Housing Guaranteed Loan Program Funding Notice -
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Another Foul Housing Headline. Negative Feedback Loop in Progress
Three months after the home buyer tax credit expired, housing is stagnant. This should come as no surprise to folks working in the industry. Most prospective... -
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Loan Demand Gets Boost from Recently Refinanced Borrowers
"The volume of refi applications last week was up 26% over their level four weeks ago. Mortgage rates dropped to their lowest level in the survey... -
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Originator Pay Practices at Call Center Mortgage Shops: Are You in Compliance?
HAMP Fallout Quadruples; FHA Condo...
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MBS Quotes
FNMA 4.0
102-27
-0-03
FNMA 4.5
104-16
-0-01
FNMA 5.0
105-29
0-01
FNMA 5.5
106-26
0-05
FNMA 6.0
107-20
0-05
Updated: 8/25/10 4:27 PM
Treasuries
3 MO
0.1600
0.0000
2 YR
0.5300
0.0300
5 YR
1.4000
0.0400
10 YR
2.5400
0.0400
30 YR
3.5900
0.0200
Updated: 8/25/10 5:40 PM
Mortgage Rates
30 Yr FRM
4.32
0.01
15 Yr FRM
3.73
-0.01
FHA 30 Year
4.39
-0.01
Jumbo 30 Year
5.56
-0.02
5/1 Yr ARM
3.45
0.00
Updated: 8/25/10 5:29 PM
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8/25/2010
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Jeff Anderson
on 8/25/2010 -
read this comment
I'm totally convinced that Wall St is completely in it's own world. Terrible, terrible data today and the market has turned around to the....POSITIVE? Really? I feel like I ask this everyday, but...
Bryan/Mortgage Finance Group, Inc.
on 8/25/2010 -
read this comment
Lots of re-prices for the worse coming across the wires.
Adam Quinones
on 8/25/2010 -
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duration is distorted and negative convexity is an illusion. Hedging a FNCL 4.0 against 5yr paper is a joke.
Gary Powell
on 8/24/2010 -
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I'm not reading a lot into the increase in median home prices. I think that is largely due to the decrease in percentage of first time buyer deals. Fewer low price deals means an upward moving price...
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View More at the Market Data Center
Mortgage Rates:
30 Yr FRM 3.89%
|
15 Yr FRM 3.26%
|
Jumbo 30 Year Fixed 4.11%
MBS Prices:
30YR FNMA 4.5 106-20
(0-01)
|
30YR FNMA 5.0 108-00
(0-01)
|
30YR FNMA 5.5 108-28
(-0-05)
Recent Housing Data:
Mortgage Apps
-3.88%
|
Refinance Index
-7.28%
|
Purchase Index
3.12%
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