Local Professionals

(Change Your Location)

Jason Wilborn

Bank of America

Timothy Hills

Moneta Enterprises, LLC

Dean Gorenflo

M&T Bank

Joe Murin

The Collingwood Group

http://www.collingwoodllc.com/

Richard Schafer

The Lending Partners D...

www.schafermortgage.com

Add Your Listing Here!

Target 25,000 Unique Visitors Per Day with New Local Ads!

Browse The Directory

Recent Video

Realty Check: USDA Home Loans

Recent Polls

Do you expect the home buyer tax credit extension to contribute to a noticeable pick up in loan production?

Created By: Adam Quinones

Yes, I anticipate an increase in activity (27.1%)
Only a modest upturn in production (44.2%)
Nope. 2009 demand stole from 2010 demand (28.7%)

Total Votes: 129
Discuss This Poll

Join to Vote

Federal Reserve MBS Purchase Program

View Details

Posts | Comments

» MBS Commentary Home

MBS AFTERNOON: Primetime to Take Profits on Your Pipeline

by Adam Quinones

Posted

Email Page (New!) |

Print |

Bookmark

Heading into the 5pm marking period, the FN 4.0 is +0-08 at 99-05 yielding 4.09% and the FN 4.5 is trading +0-08 at 101-24 yielding 4.287%. The secondary market current coupon is 4.179%. The CC is +75/10yr TSY and +64/10yr swap.

Below is the FN 4.5. Quite the post auciton recovery!

This is a primetime to take profits on your pipeline. Everyone have a great weekend.....

Data provided by Thomson Reuters
Secondary Marketing Managers and Capital Markets Desks, if you are interested in subscribing to the same fixed income and mortgage market data we use:CLICK HERE.

Comments

Join Now or Login to Post Comments

Rodney | Contact or Connect with this Member

Have a great weekend yo'self, AQ!

Raymond J Ruddy III | Contact or Connect with this Member

locked another one...been waiting for over a month for this afternoon's pricing

Edgar | Contact or Connect with this Member

A little MIA this week as biz has picked up dramatically....I started locking my loans on Tuesday and going into the weekend all but just a few are locked. Just don't think we can push much lower with rates.....AQ I have not forgot, just slammed. FHA is just about to go negative cash reserves....but don't worry the guy who looked at the books says there is no chance they go below zero with their cash reserves....impossible he says. And we all know he must be right since FHA loans require large down payments, high FICO scores and lots of liquid assets. Solid loans those FHA loans and they are as strong as ever. All these banks hiring LO's in 2010....another refi boom as the Fed push rates down to sub 4% ala Japan style???? I'm all for it, bankrupt the Fed so I can make some more money. have a good wekend.