Hoboken Real Estate News

The Hoboken & Downtown JC Open House Google Map for Saturday, May 25th & Sunday, May 26th 2013

The Original and Best Open House Google Map! Courtesy of the Turoff Realty Team No need to register! No form to fill out! Just click on the map below to see every Open House in Hoboken this weekend: Click HERE to see the Downtown Jersey City Open House Map When you look at the [...]

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of May 22nd, 2013

Show me the links please Yes, please, I would like the post with links! Your Name(required) Email(valid email required) As of May 22nd, 2013: 261 active Hoboken listings 244 Condo & Co-op listings, compared to 242 last week 9 Single-family listings, compared to 7 last week 8 Multi-family listings, compared to 9 last [...]

Mortgage News Daily: Micro News

Lows May Be In For The Day. Reprice Risk Now Varies By Lender

We finally got a bounce that has materialized into something meaningful. The lows look like they starged coming in as early as 11:30, but were dragged lower still at 12:11pm. At that point, the cries of "come get me down here sellers!" from the bid side dried up and value buying at the wides kicked in. In other words, spreads blew out so much that the "limit" was reached for the day, and should continue to hold as long as Treasuries hold their range.

Negative reprice risk now ebbs for the quick-acting lenders and those who already repriced. There could still be some laggards yet to come with a negative reprices, but the bounce is such that we wouldn't rule out a corrective positive reprice as well. Either way, bleeding stopped for now. Fannie 3.0s at 101-20 after hitting 101-13 lows. The floor is somewhere between 101-14 and 101-16 though, and the absolute lows of the day stand out as more isolated "overrun." 10's are up to 2.013 and we'd be a bit concerned if they run above 2.03. Otherwise, this might be the last update until Tuesday morning! Let's hope that it is.

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In Case The Last Two Alerts Weren't Clear, There Will Be More Reprices

Because MBS have completely left the building. Well... Buyers have left the building anyway. Fannie 3.0s are at 2013 lows (lowest prices since May 2012 actually), currently down 8 ticks at 101-14. This is not event driven. There's no headline or fundamental data motivating the movement. Instead this is purely a factor of tradeflows in bond markets in general and MBS-specific illiquidity. Quad-witching and an early close are not helping. No one's a buyer right now. That said, we may catch a bounce, but not before we see more reprices.

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Mortgage News Daily: Video News

The Accidental Landlord

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"Accidental landlords" emerge as people decide to rent their homes instead of doing a short sale or a foreclosure. CNBC's Diana Olick, offers insight.

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US Durable Goods Up 3.3 Percent

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Insight on the latest durable goods numbers and what they mean for the U.S. economy, with CNBC's Steve Liesman; Jim Iuorio, TJM Institutional Services.

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Mortgage News Daily: Around The Web

More Evidence Banks Violated Mortgage Pact: NY AG

New York Attorney General Eric Schneiderman says there is mounting evidence that Bank of America, Wells Fargo and other banks violated the terms of a settlement designed to end mortgage servicing abuses....(read more)

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Fed's Bullard: ECB May Have to Consider New Stimulus Measures

The risk of a disorderly breakup of the euro zone has diminished in the past year but the ECB may need to consider new stimulus measures if the prospects for the 17-nation economy don't improve, a top Fed official said....(read more)

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Mortgage News Daily: Daily Newsletter

Residential Loan Charge-offs at Five Year Low; FHA and VA Price Jumps

Apr 16, 2013 4:42PM

Residential Loan Charge-offs Down 23 Percent from Q4, at Five Year Low

The Equifax March National Consumer Credit Trends Report presents more evidence that the home finance related credit picture is improving rapidly. The report shows that the level of home finance balances written off in the first quarter was down nearly 23 percent from that written off in the fourth quarter of 2012. Lenders wrote off $43.1 billion in so called severe derogatories in the first quarter, a five year low . These include loans for which foreclosures have been completed, loans where the...

Apr 16, 2013 11:25AM

Transactions Covered by the CFPB; FHA and VA Pricing Jump Explained; More on Assumability of Loan Types

Well, April 15 is past us now. The United States is dealing with the terrible tragedy in Boston, and our thoughts go out to that city. April 15 was also "tax day": in 2009, Americans paid $866 billion in taxes to the federal government with the top 1% of earners (those making more than $343,927) paying 37% of that figure. The bottom 50%, those who earned less than $32,396, paid $19 billion in taxes. Taxes do influence behavior - with the November election in California raising its state taxes, for...

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Micro News

4:05 PM:	Revisiting Lows In Final Hour. Moderate Negative Reprice Risk
1:10 PM:	MBS Head Back To Opening Levels
9:26 AM:	ECON: Industrial Output Stronger Than Expected
9:22 AM:	Bonds Weaker Overnight, But Holding Ground In Domestic Trade
8:44 AM:	ECON: Consumer Prices Slightly Lower Than Expected
8:40 AM:	ECON: Multifamily Leads Housing Starts Higher
12:56 PM:	MBS Grudgingly Break Into New Highs. Positive Reprice Potential
10:06 AM:	ECON: NAHB Housing Market Index Lowest Since October

»View All Micro News

Around the Web

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Video News

	Apartment Construction Red Flags
	Santelli's Midday Bond Report
	Santelli: 'We Are ALL Currency Manipulators!'

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Today's Comments

	"Update to the Update: I wrote a sort of play by play if you will of my wife and my efforts to get a Hamp back in 2009. There were three articles submitted..."
	"I wonder how they treat consumer complaints about the CFPB, specifically how they have a director who has not obtained Senate approval as required? I'm..."
	"Information and delivery of info has been outstanding. Saw some chat about CPFB interviewing employees about knowledgebase--I wonder when MND will become..."

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Today's Q&A

"My husband is not on the mortgage or deed. "

"Is there any risk to me if the bank I'm borrowing from does not require Lender's Title Insurance?"

"Applying with more than one lender"

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Market Data

Mortgage Rates

30YR	3.49	0.01

15YR	2.80	0.00

FHA30YR	3.25	0.00

Jumbo30YR	3.60	0.01

5/1ARM	3.00	0.01

MBS Quotes

30YR FNMA 3	104-02	-0-07

30YR FNMA 3	106-07	-0-03

30YR FNMA 4	106-28	0-00

30YR FNMA 4	107-21	0-02

Treasuries

2 YR	0.2299	0.0079

3 YR	0.3366	0.0132

5 YR	0.7018	0.0228

7 YR	1.1437	0.0337

10 YR	1.7241	0.0361

30 YR	2.9092	0.0412

Recent Housing Data

Visit our Market Data Center for all of the latest housing numbers, graphs, etc.

Building Permits	-3.94%

Housing Starts	7.02%

Construction	-0.59%

Mortgage Application	4.48%

Mortgage Refinance	6.32%

Mortgage Purchase	-1.27%

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Mortgage News Daily: Mortgage Rates Update

Daily Rate Update: Mortgage Rates Break Cyprus Slide, Move to 2-Week Lows

Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.60	3.64	-0.04%
15 Yr FRM	2.93	2.96	-0.03%
FHA 30 Year	3.31	3.35	-0.04%
Jumbo 30 Year	3.70	3.74	-0.04%
5/1 Yr ARM	3.01	3.00	0.01%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 3/27/13 4:13 PM

Mar 27, 2013 4:13PM

Mortgage Rates Break Cyprus Slide, Move to 2-Week Lows

Mortgage rates moved lower today at their fastest pace in more than a week, bringing them in line with their lowest levels since last week's Cyprus-related market movement. Lender pricing strategies continue to be varied and some lenders didn't improve nearly as much as the average. That said, it was enough to clearly tip the scales in favor of 3.625% as a prevailing Best-Execution rate ( what is this? ) for 30yr Fixed loans. 3.75% and 3.5% may be more viable depending on the scenario and the lender...

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	Fed's Kocherlakota: Monetary Policy Not Accommodative Enough
	5-Year Note Auction Results
	Santelli: Too Early to Talk Euro Recovery

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This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice.

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