Already At All-Time Lows, Rates Continue Lower At Unprecedented Pace

Mortgage rates begin the week at new all-time lows yet again after falling significantly from last week's series of previous all-time lows. Markets have been quite calm during domestic hours, but interest rates moved slightly lower overnight before domestic trading hours. With bond markets holding steady to slightly improved since then, mortgage lenders continue to pass on those improvements in the form of more aggressive rate sheets. Despite recent press indicating that QE3 isn't affecting mortgage...
Sep 24, 2012 2:16PM

OIG Finds GSEs at Risk from Counterparties; Advices Contingency Plans

The Federal Housing Finance Agency's Office of Inspector General ( FHFA OIG ) has recommended that FHFA issue standards for the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to develop contingency plans for its high risk sellers and servicers and finalize its examination guidance regarding contingency planning. FHFA OIG recently looked how well FHFA is managing and overseeing the GSEs in areas related to the risk posed to the GSEs by their sellers and servicers (counterparties...

  • MBS RECAP: Quiet Grind To Best Ever Levels
  • Stearns' Anti-steering Form for Brokers; FHA and Condos; Mass of Servicing Rules
  • LPS Preview Shows Decline in Delinquincies and Shadow Inventory
  • MBS MID-DAY: Quietly Advancing To All-Time Highs On Slow Morning
  • The Week Ahead: Relatively Busy Week Of Data, Plus Treasury Auction And Month-End Trading
  • GAO: 160 Entities Involved in Housing Assistance

12:51 PM:
Eerily Quiet Session Continues, MBS Inch A Few Ticks Higher
9:04 AM:
Bond Markets Slightly Stronger Overnight On EU Data
3:06 PM:
Fannie 3.0's Set To Close At All Time Highs, But Off Best Levels
12:48 PM:
MBS Continue Pushing All-Time Highs; Ongoing Positive Reprice Potential
9:30 AM:
MBS Outperforming Early Amid Lack Of Data, Treasury Weakness
1:11 PM:
Record Negative Yield 10yr TIPS Means Pressure On MBS, But Not Panic
12:07 PM:
ECON: Household Debt Rises At Fastest Rate Since Q1 2008
10:43 AM:
MBS Hit Highs Near Rate Sheet Time, Increasing Defensiveness

  • Williams Says Fed to Pursue QE3 Until Job Market Rebounds
  • HUD chief, Nevada AG tout loan help for homeowners
  • More Bank Layoffs Coming: 'Bad as I've Seen It': Whitney
  • Fed may buy other assets, Williams says
  • Realtors Lead Election Giving as Housing Revives: BGOV Barometer
  • IMF's Lagarde Urges Europe to Implement Crisis Plans

"Gosh, lax oversight and shoddy underwriting on a HUD program, what a surprise. If 76% of the 80 claims sampled contained material errors, have to expect..."
"Rick-so well said. The entire boom was driven by fast money schemers who realize how easy it was to game price valuations from automated systems that couldn't..."
"Sensible alludes to common sense, and underwriting software doesn't have common sense. Software is only as good as its programmers, and 10 years ago..."


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"HARP Refi - 15 year - 3% with $3200 closing costs scheduled to close tomorrow. Cancel and wait?"

Today's Forum Discussions


"Loan Scenario View All Post A Scenario Loan State: North Carolina Loan County: Rutherford Loan Type: Cash Out Refinance Loan Amount: $200,000 Property..."

"Consumers, This why you should consider a mortgage through a local mortgage bank or Credit Union rather than one of the big banks: "In September 2011..."

"I am in the process of building a residential real estate portfolio and I am trying to find the best way to leverage my equity to purchase a new property..."

Market Data

Mortgage Rates

30YR 3.38 -0.07
15YR 2.75 -0.05
FHA30YR 3.35 -0.02
Jumbo30YR 3.91 -0.07
5/1ARM 2.95 -0.02

MBS Quotes

30YR FNMA 3 107-08 0-05
30YR FNMA 4 107-24 0-02
30YR FNMA 4 108-14 0-03
30YR FNMA 5 109-09 0-01

Treasuries

2 YR 0.2662 0.0042
3 YR 0.3452 -0.0028
5 YR 0.6540 -0.0160
7 YR 1.0962 -0.0358
10 YR 1.7146 -0.0404
30 YR 2.9007 -0.0463


Recent Housing Data

Visit our Market Data Center for all of the latest housing numbers, graphs, etc.
Home Vacancy-4.55%
Homeownership-0.15%
Existing Home-0.80%
New Home Prices-1.39%
FHFA Home Price0.68%
Construction-0.93%

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