Politics and Housing; 3.8% Real Estate Tax Myth; Lots of Processing and Origination Stats

Market Data

Mortgage Rates

30YR3.29-0.04
15YR2.750.00
FHA30YR3.23-0.02
Jumbo30YR3.79-0.04
5/1ARM2.990.00

MBS Quotes

30YR FNMA 3107-180-04
30YR FNMA 4107-300-02
30YR FNMA 4108-150-02
30YR FNMA 5109-10-0-02

Treasuries

2 YR0.2618-0.0042
3 YR0.3348-0.0082
5 YR0.6073-0.0387
7 YR1.0164-0.0516
10 YR1.6095-0.0615
30 YR2.7816-0.0694


Recent Housing Data

Visit our Market Data Center for all of the latest housing numbers, graphs, etc.
Mortgage Application2.76%
Mortgage Refinance-9.94%                
Mortgage Purchase0.70%
New Home Sales-0.27%                
New Home Prices9.13%
Building Permits-0.99%                

Here in Denver the city is preparing for next Wednesday's presidential debate. And what would an election be without a Chia Pet in the shape of your favorite candidate . (Although Newt looks like someone's grandma.) For today's trivia , the last time a Republican was elected president without a Nixon or Bush on the ticket was 1928!! There are 41 days until the election, and it seems like the nation has been watching the campaign and the primaries for years. At this point many polls have President...


Sep 26, 2012 5:49PM
GSE Foreclosure Prevention has Reached 2.4 Million Homeowners

Fannie Mae and Freddie Mac (the GSEs) completed approximately 129,000 foreclosure prevention actions during the second quarter of 2012, bringing the total to nearly 2.4 million since they were placed in conservatorship in September 2008. The two companies completed 50,373 loan modifications, 36,343 repayment plans, 5,352 forbearance plans and 36,496 home forfeiture actions, most of which were short sales. During the first quarter there were 146,099 foreclosure prevention actions completed with a...

MBA Revitalizes MISMO Government Forum in Effort to Improve Industry Data Standards
OIG Investigates Freddie Mac's Inverse Floater Investments
Mortgage Rates Relentless In Mission To Move All-Time Boundaries Lower Still
MBS RECAP: Light Supply Helps MBS Keep Better Pace, But Twin Peaks At 106
New Home Sales Down Slightly but Median, Mean Home Prices Jump
Claims Process Underway for Foreclosed Homeowners


2:02 PM:


Bouncing Back From Previous Weakness After Strong 5yr Auction



12:30 PM:


Well Off Previous Highs Ahead Of Auction. Some Reprice Risk



10:05 AM:


ECON: New Home Sales Fell (Or Climbed?) In August



9:26 AM:


Bond Markets Steady At Stronger Levels Ahead Of Rate Sheets



3:08 PM:


Just When You Think They're Done, MBS Keep Surging To All Time Highs



12:36 PM:


MBS Hold Ground, Fed's Plosser Cool On Inflation, But Not A QE3 Fan



11:11 AM:


MBS At Lowest Levels Of The Morning As Risk Rally Continues



10:26 AM:


Biggest Moves Of The Morning On Stronger Confidence Report



LPS Reports U.S. Home Prices Up 0.2 Percent for the Month; Up 1.8 Percent for the Past Year
DataQuick: August Phoenix Home Sales Report
FHFA: Agencies Reopen Comment Period on Swap Margin and Capital Proposed Rulemaking
US Banks' Leverage Should Be Halved to Cut Risks, Bair Says
FHFA: GSEs Help More Than 2.4 Million with Foreclosure Prevention Actions; State-Level Data
European 'Crisis Is Not Over': Barclays Analyst
uch of a mention about FHA. For those of us underwater and locked out of the FHA streamline program with the discounted mortgage insurance because..."

"Re: Obama's plan to reform mortgage markets, how does FHA relinquish market share by INCREASING its loan limits? Is the "FHA conforming"..."

"I wasn't expecting the Top 9 list at the end, but it was certainly a welcomed surprise! It's tough content to swallow, but I appreciate how thoroughly..."

"Can refinance done with the only a month old title insurance?"

"What exactly are lender credits and how are they determined?"

"What's the relationship between guarantee fees and borrowers' mortgage rates?"

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"Loan Scenario View All Post A Scenario Loan State: Virginia Loan County: Fairfax Loan Type: Refinance (Rate and Term) Loan Amount: $405,000 Property Value..."

"Loan Scenario View All Post A Scenario Loan State: California Loan County: Solano Loan Type: Purchase Loan Amount: $216,000 Property Value: $270,000 LTV..."

"Can you refer me to a good - low rate/ low closing cost/ honest, - mortgage loan officer or broker who is highly regarded in the industry. I know it's..."

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