Dec 5, 2012 3:47PM

Mortgage Rates Approaching All-Time Lows

Mortgage rates were slightly lower again on Wednesday. Even though the day to day movements have been small, that gets us as close as we've been to the all-time lows seen in late September and early October, with a few exceptions depending on the lender. Best-Execution for Conventional 30yr Fixed Loans has arguably moved down to 3.25% at this point, though 3.375% is still prevalent depending on the lender and scenario. ( Read More:What is A Best-Execution Mortgage Rate? ) US markets didn't do much...

Dec 5, 2012 12:41PM

Chatter on Elizabeth Warren; CFPB Ombudsman Report; Investor Updates

Here's a recent inquiry: "Rob, what is up with government going after Gfee money ? Why does Congress have to vote to intrude into areas where it shouldn't be? How many times does it have to dip into the well? Shouldn't the actors and actresses be left out of providing the government for money to fund immigration issues? The two are totally unrelated! This is just a tax on the entertainment business, and I am sure us viewers will pay the costs through more advertising or whatever. What can we do about...


Micro News

2:50 PM:

MBS Hit Lowest Levels Since Open. Reprice Risk Uncertain

10:15 AM:

ECON: Factory Orders Higher Than Expected

10:10 AM:

ECON: ISM Non-Manufacturing Shows Stronger Activity, But Weaker Employment

9:51 AM:

Bond Markets Holding Gains After Stock Open, ISM Data Coming Up

8:35 AM:

ECON: Productivity Higher Than Expected While Labor Costs Decline

8:20 AM:

ECON: ADP Private Payrolls Slightly Lower Than Expected

3:22 PM:

Another Day, Another Uneventful, Slightly Positive Afternoon

10:04 AM:

Bond Markets Looking For Guidance, Finding Some From Equities

Around the Web

Video News

Sen. Shelby: I Don't Believe Democrats Are Negotiating Seriously Yet

Geithner to CNBC: 'Little Bit of Progress' on 'Cliff'

'Worried About Housing': Pro


Today's Comments

Larry Thompson

"Clay Brown is absolutely correct. Additionally, costs are rising for lenders in that they (we) are having to add non-revenue producing staff for the simple..."

Clay Brown

"The gap between primary and secondary pricing has widened due to Dodd Frank!! Thousands of MLO's individually pricing loans used to be able to keep..."

Rod Martino

"Having Wal-Mart provide mortgage financing sounds like a novel idea, however I would imagine that there would be only a certain amount of eligible borrower..."

Today's Q&A

"Can mortgage-backed securities investors opt out of national mortgage settlement?"

"Can an out-of-state broker act as a broker agent for a realtor in georgia"

"Can I use a mixed use property (<25%) as collateral for a VA loan?"