Disregard the 10 Year - Rates Rallying HEAVY Right now

I know the 10 yr is getting crushed, but mortgag ebacked securities are up HUGE right now -- should see some pretty favorable price changes this morning

 

Is the one time where bonds get killed and we actually benefit

 

DP

  • September 08 2008 - US
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (39)

That would be a first but just keep coming with those reports! Thanks.

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I know.....when I saw the 10 yr at 3.84 earlier I was getting ready to not be able to sit down for a week with $5 million floating....:)


DP

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for shapiroamg

MBS 6% coupon is us 32/32.

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I am still telling my wife to look at the 10 yr......this way she does not go shopping today.....:)

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

You can lay down now. Chase at 5.625 and paying. She's already at the mall. 

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Clay....You better hop that is the interest rate on the credit card not the 30yr mortgage

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

5.5% paying .19% on a 30 day lock.  Just renegotiated entire pipeline for the second time in 4 days.

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

your investors must be thrilled DHF......:)

 

DP

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Great day for mortgage rates.

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

10 yr is up now , so is the Dow.

 

Read an interesting article about Paulson . Word on the street is fannie freddie will keep or even up the restrictions, but I wouldnt bet on it.

 

Investors have been clamboring for a 2.25 to 2.45% spread on treasuries since July . I think they were whining about it long before then.

 

Traditionally it has been 1.75% but we have seen 1 to 1.25% in the past.

 

I think what this will boil down to is demanding lower spreads , Even though high LTV low fico loans will still carry the huge hits.

 

Im getting FHA at 5.5 % carrying .5% yld on a 30 day lock right now. Conforming is roughly the same leaning a little worse.

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

DP, just following the rules they put in place.  The locks were renegotiated with the same lender that originally had the lock.

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I was just bustin' on ya anyway.......you may need to renotiate your renegtiated renogotiations.....:)

 

DP

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Very effective use of your time!  Renegotiate rates every 2-4 days!

 

; )

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Fourth  rule of FLOAT CLUB.........

 

never lock when Paulson is about to take over Fannie / Freddie..........

 

 

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

BTW, just got a price WORSENING from Citi.....

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Improvement from Everbank....

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Big improvement from WF.

 

I'd renegotiate my renegotiated renogotiations, but I'm waiting to see something that resembles a bottom, so I don't have to do them a fourth time tomorrow.

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Martin.

 

Doesnt your lender get tired of you 'renegotiating' all the loans ?

 

What do you do ? Call em up and ask em for a float down ? How many float downs do you get in a 2 week period?

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Tom, they really don't seem to care.  I guess they figure it's better to renegotiate them than to have the clients switch lenders.  I just call pricing and tell them I want to renegotiate my loans, then we go through them one by one.  Theoretically, you are limited to one renegotiation per loan.  Reality is you can get at least two, and it looks like I'm going to find out if they will go for 3.  My AE claims there isn't a limit, but pricing keeps telling me, "this is the last one on this loan."

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I wonder if you are getting charged .375 each time or is that the total cost?

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

You would think they would charge it for each one, but so far I've only been hit for .375% total.

  • September 08 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Dave, what are MBS's doing this AM? Do not have any rates as of 10:00. 

  • September 09 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Ginnie Mae 5.5% - 30 year Up 6 at 101.515
Fannie Mae 5.5% - 30 year Up 3 at 101.14
Fannie Mae 5.0% - 15 year Up 3 at 100.734

  • September 09 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Ginnie Mae 5.5% - 30 year Up 16 at 101.828
Fannie Mae 5.5% - 30 year Up 14 at 101.484
Fannie Mae 5.0% - 15 year Up 10 at 100.953

  • September 09 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

AA thanks, that will work. Did you get my email last week?

  • September 09 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I did, appreciate the heads up although my existing sources have been right in line.

  • September 09 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Good

  • September 09 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Salem or any other-

 

Where are you getting your MBS coupon rates?

  • September 09 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I could tell you but I would have to kill you!

 

 

  • September 09 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I just had a reprice come across my desk from GMAC that is a full 100 basis points worse than this morning on conforming.  Anyone else seeing this????

  • September 09 2008
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

  1. 1
  2. 2