Market Update 08/19/2010

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Mortgage and Lending with Arizona Mortgage Rates - FHA Mortgage Loans in Arizona

MBS prices are up +2/32 (FNMA 30-yr 4.0 at 102.14), which is about 6/32 lower than yesterday at this time. Unfavorable repricing took place yesterday. The 30-yr fixed FNMA required net yield (60 day) is now at 3.93%, from 3.86% yesterday. Early investors may have priced at much lower levels.

 

 

 

Weaker than expected labor market data lifted MBS markets this morning. Weekly Jobless Claims rose to 500K, above the consensus forecast of 475K, and the highest level since November 2009. The 4-week average increased to 483K. The Dow is down 50 points. Philly Fed and Leading Indicators will be released at 10:00 et.

 

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Rainmaker
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Edward & Celia Maddox
Solutions Real Estate - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Thanks for sharing update.  Need to keep up on rates for our clients.

Aug 19, 2010 11:22 AM #1
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Timothy George

Arizona Mortgage (602) 492-6847
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