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- Clay Branch, "Georgia Loans"
- Contributions:7835
That would be a first but just keep coming with those reports! Thanks.
- Dave Pressel, "Dave Pressel"
- Contributions:590
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
- shapiroamg
- Contributions:3058
MBS 6% coupon is us 32/32.
- Dave Pressel, "Dave Pressel"
- Contributions:590
I am still telling my wife to look at the 10 yr......this way she does not go shopping today.....:)
- Clay Branch, "Georgia Loans"
- Contributions:7835
You can lay down now. Chase at 5.625 and paying. She's already at the mall.
- Joe Cafiero, "Joe Cafiero"
- Contributions:3220
Clay....You better hop that is the interest rate on the credit card not the 30yr mortgage
- Martin Farris, CFP, "Dream Home Funding"
- Contributions:789
5.5% paying .19% on a 30 day lock. Just renegotiated entire pipeline for the second time in 4 days.
- Dave Pressel, "Dave Pressel"
- Contributions:590
your investors must be thrilled DHF......:)
DP
Great day for mortgage rates.
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.
- Martin Farris, CFP, "Dream Home Funding"
- Contributions:789
DP, just following the rules they put in place. The locks were renegotiated with the same lender that originally had the lock.
- Dave Pressel, "Dave Pressel"
- Contributions:590
I was just bustin' on ya anyway.......you may need to renotiate your renegtiated renogotiations.....:)
DP
- Andrew Adams, "203K Specialist"
- Contributions:9349
Very effective use of your time! Renegotiate rates every 2-4 days!
; )
Fourth rule of FLOAT CLUB.........
never lock when Paulson is about to take over Fannie / Freddie..........
- Dave Pressel, "Dave Pressel"
- Contributions:590
BTW, just got a price WORSENING from Citi.....
- Nic Netherton, "Colorado Lender"
- Contributions:7219
Improvement from Everbank....
- Martin Farris, CFP, "Dream Home Funding"
- Contributions:789
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.
- Martin Farris, CFP, "Dream Home Funding"
- Contributions:789
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."
- Andrew Adams, "203K Specialist"
- Contributions:9349
I wonder if you are getting charged .375 each time or is that the total cost?
- Martin Farris, CFP, "Dream Home Funding"
- Contributions:789
You would think they would charge it for each one, but so far I've only been hit for .375% total.
- Clay Branch, "Georgia Loans"
- Contributions:7835
Dave, what are MBS's doing this AM? Do not have any rates as of 10:00.
- Andrew Adams, "203K Specialist"
- Contributions:9349
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
- Andrew Adams, "203K Specialist"
- Contributions:9349
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
- Clay Branch, "Georgia Loans"
- Contributions:7835
AA thanks, that will work. Did you get my email last week?
- Andrew Adams, "203K Specialist"
- Contributions:9349
I did, appreciate the heads up although my existing sources have been right in line.
- Clay Branch, "Georgia Loans"
- Contributions:7835
Good
- Aaron Opfell, "SunriseVistaMortgage"
- Contributions:249
Salem or any other-
Where are you getting your MBS coupon rates?
- Andrew Adams, "203K Specialist"
- Contributions:9349
- Joe Cafiero, "Joe Cafiero"
- Contributions:3220
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????
Disregard the 10 Year - Rates Rallying HEAVY Right now
-
- 0.0/5.0
Contributions:590I 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
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