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MORTGAGE RATES
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MBS CLOSE: The Big Picture and a Return to Rate Sheet Reality
WAIT WAIT WAIT... In MBS LUNCH I wrote that a feeling risk aversion was beginning to set in over the marketplace as overvalued stocks were showing signs that the rally has lost steam. I noted that this bias would likely have positive implications for mortgage rates. I dont think I conveyed my message...
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Adam Quinones
on Wed, Jul 22 2009
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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
(-0-00)
|
30YR FNMA 5.0 107-32
(-0-00)
|
30YR FNMA 5.5 108-27
(-0-01)
Recent Housing Data:
Mortgage Apps
23.07%
|
Refinance Index
26.40%
|
Purchase Index
10.33%
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