Apr 11, 2013 1:15PM

FHFA Extends HARP by 2 Years, Through 2015

The Home Affordable Refinance Program (HARP) has been extended for two years beyond its scheduled expiration on December 31. The Federal Housing Finance Agency (FHFA) announced the extension today saying it had determined the extension will provide borrowers with additional opportunities to refinance, give clear guidance to lenders, and reduce losses for Fannie Mae, Freddie Mac and taxpayers. HARP is designed specifically for current homeowners with mortgages owned or guaranteed by Freddie Mac or...

Apr 11, 2013 3:28PM

Mortgage Rates Fall After Three Days Spent Moving Higher

Mortgage rates finally moved lower today, after rising moderately during the first 3 days of the week. Today's changes are fairly small when viewed against the damage done since last Friday, but last Friday's rates were exceptional. While not quite as good as the offerings seen from last Thursday through this Wednesday, today's rates are still among the best of the year. It's interesting to note that the best and worst rates in 2013 are separated by only 0.25% (3.5-3.75%) with most days averaging...

Micro News

1:40 PM:

Treasuries Pop Higher, MBS Heading Lower, Risk Uncertainty

12:25 PM:

FHFA Extends HARP to 2015

9:17 AM:

Stronger Following Jobless Claims, Uneventful Overnight

8:49 AM:

ECON: Import Prices As Expected, Export Prices Lower

8:41 AM:

ECON: Jobless Claims Lower Than Expected

2:45 PM:

MBS Hit New Lows. Negative Reprice Risk Increasing

1:00 PM:

10yr Auction Preview

12:00 PM:

MBS Pushed Back To Lows By TSY Weakness. Holding Now

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Today's Comments

Bryan/Mortgage Finance Group, Inc.

"I wonder how they treat consumer complaints about the CFPB, specifically how they have a director who has not obtained Senate approval as required? I'm..."

Frank Ceizyk

"Information and delivery of info has been outstanding. Saw some chat about CPFB interviewing employees about knowledgebase--I wonder when MND will become..."

David Z.

"Rob, great article. But I was really hoping you would close the loop with answers to the question you pose in the 3rd paragraph regarding cutoff dates..."

Today's Q&A

"what is the value of a brand new double wide"

"Refinance a mortgage using only a portion of land and improvements for security"

"i want to relocate to south carolina from rhode island. "