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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 (26.9%)
  • Only a modest upturn in production (43.8%)
  • Nope. 2009 demand stole from 2010 demand (29.2%)

Federal Reserve MBS Purchase Program

MBS UPDATE: A Bit Of Relief From An Old Friend

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There's not a lot to say in this update that cannot be said with the chart at the bottom.  In not so many words, the long term floor range (we really need to name this thing) served as somewhat of a trampoline shortly after we voiced our hope that it would.  This is no guarantee this will hold through 5pm, or even mean anything come monday, but we're bouncing "real good."

Data provided by Thomson Reuters
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on
Or come Tuesday for that matter.
on
I think my nose is beginning to bleed with all the altitude changing
on
Kinda missing the boring beginning of the week. My ratesheets got ugly today, might as well take an early start to the long weekend :)
on
I'm heading out this afternoon and I'll see you all Tues. Let's see what happends. BOUNCE BABY BOUNCE
on
Got 3 locked in before the sh*t hit the fan, and tried to do a 4th but got rates got suspended. Oh well, I'll take 3 out of 4. Gutflop baby.