MBS UPDATE: PIPELINE SURVEY

Place your ad here

Email Alerts

Receive an Email Alert each time a story is posted to MBS Commentary.

- Join Now for Email Alerts

RSS

- Posts | Comments

- View All RSS Feeds

Latest Headlines

From MBS Commentary

MBS RECAP: 2/13/2012

After Morning Volatility, Bond Markets Back in Friday's Range

MBS MID-DAY: 2/13/2012

The Week Ahead: Domestic Data, Possible Greek Bailout Approval

MBS RECAP: 2/10/2012

View All

Other Top Headlines

Mortgage Rates Hold Steady To Begin Busy Week

AMI Takes Position against Mortgage Servicing Settlement

Some 2011 Mortgage Volume Stats; EverBank to Buy MetLife Warehouse...

Saturday Lender Updates, Gossip and Interesting Letters from...

Mortgage Rates Battle Back From The Edge

My mortgage has a large escrow balance due. What does it mean?

Follow Comments: This Post | All Comments | Learn More
Comments

Join Now or Login to Post Comments

JOHN COWLEY

Most of it.

Ben Mabile

Glad you asked the question Sir, let me say too much for comfort with lenders rate sheets going up!

Sean Hawkins

About half or not ones that are purchases or deals that would die if I didn't give them a certain rate.

Steven Liles

Right now only around 25%. Ask me this 2 weeks ago and the percentage was much higher. But with the end of the months closings just around the corner I took advantage of solid rates last week and locked a majority of my pipeline.

Jason Frangoulis

Oh-No, At least 50% Am I am Trouble. Hope not.... :0)

Shane Milne

Of the loans that can actually be locked, with borrowers in purchase contracts or refinances... 100% of them, did it all yesterday before lender reprices, and from the looks of it my decision was good in the short term. Still have double what I have locked in float status looking for the perfect home to buy though... when they have an offer we'll play it again Sam.

Thomas J. Liolos

Still Floating quite a bit. . . . . question is - have we seen bottom!?!?

Curt Sandfort

Purchases = 100% locked They all have to close. Refi's = 50/50 most of them will only close when rates are 4.5

Stephen Harris

Purchases are locked. Refis are another story. Most clients want the golden egg...low 4's. However, if last week's rates return, I should have about 50% that would commit to locking, just to get on with it.

nancy herrera

90% of pipline locked, but most are with lenders with a decent float down policy. I agree with floating if you still have 30 days to close, but other than that, I prefer to play it safe.

Victor Burek

80% of my January are locked, all Feb. are floating.

David Gaffin

Most of the pipeline is in float, and I had better be right or the wife will kill me. Most of my borrowers are not in a rush, so I am recommending that we submit the files for approval, and then float them down to 7-15 day pricing to get the best value. Should rates rise for a while, I could lose them, but most have paid for the appraisal upfront so they have a vested reason to stay. Hopefully, last weeks rates are not history!

gglines

75+ with float down lender options on most when the lender offers a free long lock and free float down there is no reason to float if the lock price meets the margin your business model is based on, "Pigs get fed and hogs get slaughtered"

Rodney

My big fat refi is locked. My other big refi...sigh...dang corporate couldn't get their stuff together in time when 4.5 was gold-and I missed the perfect timing. So now I float away, hoping to come back to that awesome number I promised my client.

jamie dvorak

what percent of people still floating from the roll on the 13th, they have experienced the titantic. The question remains when are rates going lower, (if there going lower) the float boat is taking on water at vigorous pace. I am courious as what Matt, or Adam think going forward, as where rates will eventually go.

DallasLoanGuy

stuff closing next week is locked. all else is floating

Matthew Graham

Jamie, if you don't go back and read what I asked you to read, my feelings are going to be very hurt.

Victor Mendoza

about 90% floating, with many missing the 4.5 opportunities that may never come back. I am referring to my refi's. My purchases are locked or 20-30 days away from closing and floating cautiously.

jamie dvorak

Matt. i have read the archives, but with what is happening know i don' t feel the past is going to predict the future. I think that Mr. Anderson might have been wise to lock when he did, but time will be the answer.

Mike King

Floating 1 more January deal that I can roll to Feb if neccessary. All Feburary deals are floating with margin built in for unforseen swings.

Doug Baldwin

90% floating and 100% praying.

What does it matter...With CNBC saying rates are going to 4.5% it doesnt matter what you do

Victor Mendoza

I am floating for worst rates, maybe 6.5 or something close, then I'll lock.

Mark Auh

Just funded nine loans this week at 4.625% to 4.75% range. Rolling the dice, floating all my new files, looking for rates to go back down to the 4.5 to 4.625% range. I am very confident that I am doing what's best for the clients.

James Radina

90% floating, 100% stressed. changing my lock/ float strategy from here on out. its my own fault. this site rocks, i do not.

Lea Shaw

50/50

Craig

90% floating (refis) for February closings. The recent upturn could be deal killers. Hopefully Tuesday will be a better day.

Jesse Salas

About 85%, should have locked earlier this week. Greed gets you nowhere!!

Phil Dumouchel

Almost none. Customers want to limit their upside risk.

Matt Bryant

Anything not closing w/in 3 weeks is floating. PLENTY of time for floating w/ turn times the way they are. Don't freak out, everyone. We've had several sideways days and a couple bad days since freaking THANKSGIVING. What goes up... must eventually come back down. When it does... POUNCE.

Romano

90% locked with float down option, remaining 10% floating are recent apps.

BVG

About 25/75 locked/float---figure I can market to those that have potentially locked and get them a lower rate within 2 to 3 weeks max! If you're locking, keep locking!!

Matthew Graham

Jamie, my point is that we've talked several times about short term profit taking due to the stability afforded by the fed. I'm not sure how people got to expect rates would magically turn around on the 13th when all we've been saying is that primary spreads could start to improve AFTER the 13th. Even then, we've provided plenty of other considerations as to why rates could stay or move higher. Regardless, this site isn't a "tell you when to lock service." It's about education and then people make their own decisions. Shoot me an email if you want to talk more about it.

Aaron Meyer

Do you hear that, Mr. Anderson? That is the sound of inevitability. Never send a human to do a machine's job I killed you, Mr. Anderson. I watched you die.... with some satisfaction, I might add. Then something happened- something I thought would be impossible, but it happened anyway. You destroyed me, Mr. Anderson. Afterwards, I was aware of the rules. I knew what I was supposed to do, but I didn't. I was compelled to stay- compelled to disobey. And right now, here I stand because of you, Mr. Anderson. Because of you, I'm no longer an Agent of this system. Because of you, I'm unplugged. A new man, sort of speak- like you. Apparently free.

Clem Borkowski

4 in bag and done for the month, 3 more floating. Everything floating for February.

Clem Borkowski

The MBS is a system, Neo. That system is our enemy. But when you're inside, you look around, what do you see? Brokers, lenders, clients. The very minds of the people we are trying to save. But until we do, these people are still a part of that system and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they ignore the facts, the reality, they are they very system they hate.......................................................... sorry, thought we had a Matrix theme going here.

akaagassi

Probably have about 30% floating...with it taking 2 months to close on a refi, I am only worried in the short-term about it...things will come back down...the Fed obviously wants rates in the mid 4's not the mid 5's...

Eric McDonald

After closing two deals today I am 100% float. I hope rates get lower b/c I have deals I can't close unless they do.

Aaron Meyer

Why, Mr. Graham? Why do you do it? Why get up? Why keep floating? Do you believe you're floating for something? For more than just your survival? Can you tell me what it is? Do you even know? Is it freedom? Or truth? Perhaps peace? Could it be for love? Illusions, Mr. Anderson. Vagaries of perception. The temporary constructs of a feeble human intellect trying desparately to justify an existence that is without meaning or porpose. And all of them as artificial as the Matrix itself, although only a human mind could invent something as insipid as love. You must be able to see it, Mr. Graham. You must know it by now. You can't win. It's pointless to keep floating. Why, Mr. Graham? Why?! Why do you persist?! Neo: Because I choose to.

S Hunziker

Perhaps you should run another survey - how many think that rates will fall below their lows of last week again, below 4.5 for a 30 and 4.375 for 15, no points?

Ron Haddad

locked in one that was a little too close to home on Thursday and floating 4 others. sure would like to see a rebound to yesterday!!!

Kent Mikkola #353976

50/50 right now. Locked deals to speed up the process for the customers that want to move quickly. My lenders sit on floating files for quite some time.

Brian Brady

Jan closings locked; all else floating. I moved "target" refi rate from 4.5% to 4.625% for float customers

Gary Paetzold

Adam I am sitting at 50/50 - but I have a good risk tolerance and even with the rates right now I am not in danger of losing a laon.

dbarksdale

Thanks for asking this question Adam. I was curious what everyone else was doing. Floating about half of pipeline-refis. Purchases locked.

David Friedman

85% locked, but 2 big deals that wanted to close in Jan floating - GULP! If Tues or Weds doesn't show a big improvement . . .

Bobby Downey

Closed a few this week and floating 6 that are in underwriting...early Feb closings so hopefully Tuesday will bring the buyer's back to the market......Fingers crossed.....surprised at the sharp downturn on Friday but i guess with uncertainity comes a lack of confidence....

Steve

70%, we are pending a lot of refi's right now waiting for the dips in ysp,

Steve Culpepper

10/90 locked/floating. A lot of customers that got off the sidelines early this month don't HAVE to refi but will when the price is right (they are carrying 5.50% - 5.875% fixed rates). Float 'em if you got 'em and pull the trigger when it's time.

Chip Harris

90% Floating

jjellingson

I am floating everything right now.

gmerino

I funded 4 loans that funded, 4 loans that have signed on Friday, 2 loans that will sign on the 26th and I have 15 loans floating because the news has said that rates are as low as 4.50%. Rates will improve, it is a three day weekend and they are playing catch up.

G3T2

40/60. Thanks for the great site! Very good information!

Paul Proffitt

50 percent right now sll the loans I have received since wednesday are floating Over 60 percent of the leads I am receiving right now are borrower with rates at 5.5% or lower currently. They are all looking for 4.5% no costs loans. So if rates drop to mid 4's, I will have a lot of loans. Has anyone seen the Buyers just sitting on the sidelines?

Daryl Mitchell

75% floating and only with deals that are not due to close immediately

toddlipps1

Lets just say its been a very expensive vacation on the float boat. Refi's / sidelines 38 out of 41 Purchases 4/5

Robert Adelman

About half.

	RSS - Subscribe to our Daily Rate Update RSS Feed.
	Twitter - Follow our Daily Rate Update on Twitter.
	Facebook - Follow our Daily Rate Update on Facebook.
	Bookmark - Bookmark our rates page and visit daily for updates.
	Mobile Apps - There's an App for this too. Learn more about our Mobile Apps.

My mortgage has a large escrow balance due. What does it mean?

Follow Comments: This Post | All Comments | Learn More Comments

More From MND

Follow Comments: This Post | All Comments | Learn More
Comments