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Posted To: Mortgage Rate Watch Loan pricing improved again today. This is the first time that par 30-year fixed mortgage rates have been offered on a broad spectrum below 4.00%. Par 30 year fixed mortgage rates have fallen into the 4.00% to 4.375% range for well-qualified consumers. More lenders than ever are however willing [...] Posted To: MND NewsWire Legality issues surrounding the foreclosure process are a hot topic. In no way is this good news for housing. Besides adding more uncertainty to an already uber uncertain marketplace (home prices specifically), these precedings are already affecting pending transactions of new homebuyers and originators. We shared this feedback from an [...] Posted To: MBS Commentary Lenders are going for it. 4.0 hedges were bought back yesterday and 3.5 MBS coupon supply traded. On average, loan pricing is up 26.8bps today and 96.6bps better week over week (Thursday was the worst day to lock last week). All in, consumer borrowing costs are cheaper than they’ve ever [...] Posted To: Pipeline Press With the jostling in the wholesale arena, it serves a purpose to take a step back and look at the top lenders , by volume, during the first half of 2010. Obviously many are banks, and many have a wholesale channel. (My apologies for saying that Wells was the last [...] Posted To: MBS Commentary Jobless Claims data has been released. Before we go any further, this report has no bearing on the September Employment Situation Report, which will be published tomorrow morning, nor will it have much influence over the October report. More on that below… Quick Recap: Jobless Claims. -11,000 to 445,000 (better [...] Posted To: MBS Commentary Benchmark interest rates are marginally higher and equity futures are mixed following an awful report Wednesday on private employment from Automatic Data Processing. S&P 500 futures are up 1.00 point to 1,156.25 but Dow futures are 18 points lower at 10,888. The 10 year Treasury note is -0-05 at 101-28 [...] Posted To: MBS Commentary Fed Policy: CLEARLY ON EVERYONE’S MIND. Including mortgage rate watchers…. From MND Mortgage Rate Watch… POTENTIAL ALERT: Mortgage rates are back at record lows because investors are anticipating the announcement of another Federal Reserve Quantitative Easing program sometime before January. Many believe this program will be concentrated on Fed purchases [...] Posted To: Mortgage Rate Watch If you missed the boat last week when this happened, you are getting another chance today. This has happened three times since August 31 and everytime it happened, it never lasted longer than 48 hours… RECORD LOW MORTGAGE RATES ARE BACK ON THE BOARD The best 30 year fixed [...] Posted To: MBS Commentary Spurred on by a weak preview of official labor market data to come, the bond market upped the anti on quantitative easing this morning when the 10 year note broke 2.40% resistance and “rate sheet influential” MBS coupons moved outside the confines of our lock/float range. This implies QEII hasn’t [...] Posted To: Voice of Housing I remember clearly, 40 years ago, sitting in the auditorium on the University of North Carolina Law School, listening to the dean tell all the eager young “lawyers to be” to look to either side and remember the face because by year end there was a good chance that [...] |
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