Hoboken Real Estate News
The Hoboken & Downtown JC Open House Google Map for Saturday, Jan 28th & Sunday, Jan 29th, 2012
The Original and Best Open House Google Map! Courtesy of the Turoff Realty Team No more need to register! No silly form to fill out! Just click on the map below to see every Open House in Hoboken this weekend Click to see the Downtown Jersey City Open House Map When you look at the map, place markers [...]
The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of January 25th, 2012
Show me the links please Yes, please, I would like the post with links! Your Name(required) Email(valid email required)   This Week’s Condo Sales & Activity versus last week’s: 210 active Hoboken condo units – vs. 202 last week 10 DABOs (Deposit Accepted By Owner i.e. under contract) vs. 7 last week 13 Sold vs. 10 last week 30 New listings vs. 30 last [...]
Mortgage News Daily: Micro News
MBS Hit Day's Highs, Underperforming TSYs in Low Volume
The day, and week for that matter, are effectively over. The little volume that's left is exerting a greater degree of influence over the price action than it otherwise might. With little to trade on, and little reason to oppose the momentum, bond-bulls have gained control, dragging 10yr yields down into the 1.8's on a combination of Italy/Spain ratings news, concern that a Greek debt deal won't be reached over the weekend, and tradeflow-related selling (mini-snowball of shorts getting stopped out, lowering yields and thus stopping out more shorts).

Fannie 3.5's made it as high as 103-25 (all time highs 103-29 for reference), which is essentially as high as they got this morning, albeit briefly, but they do seem to be bouncing lower from those levels. Still, if the gains hold and despite the low volume, it's not inconceivable that we'd see a lender or two reprice for the better. However, current price levels combined with several other factors wouldn't lead us to think that many lenders would get involved with this on a Friday afternoon.
...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Fed's Dovish Dudley Says Recovery to Slow in 2012
  • RTRS – Fed’s Dudley says much work remains to achieve Fed's dual mandate of employment, price stability
  • RTRS - monetary policy will continue to do its part to support recovery
  • RTRS - action on housing, fiscal policy also needed for recovery
  • RTRS - pace of recovery remains sluggish, likely to slow somewhat in 2012
  • RTRS -says expects moderate growth this year, but risks are skewed to downside mainly due to Europe
  • RTRS – U.S. economy continues to operate with 'significant excess slack'
  • RTRS - slack is putting downward pressure on trend inflation, which may be headed lower
  • RTRS - says unemployment likely to remain unacceptably high for near term
...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Mortgage News Daily: Video News
Robert Shiller on Housing Market, Economy
(Please visit the site to view this media)
Jan. 27 (Bloomberg) -- Robert Shiller, an economics professor at Yale University and co-creator of the S&P/Case-Shiller home-price index, talks about the housing market's role in the economy and his new book "Finance and the Good Society." Shiller speaks with Tom Keene on Bloomberg Television's "Surveillance Midday" at the World Economic Forum's annual meeting in Davos, Switzerland. (Source: Bloomberg)
...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Financial Crimes Unit Forming
(Please visit the site to view this media)
CNBC's Eamon Javers has the details on the growing new unit focused on residential mortgage-backed securities.
...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Mortgage News Daily: Around The Web
CenterState Bank of Florida, National Association, Winter Haven, Florida, Assumes All of the Deposits of First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, Florida
Press Release CenterState Bank of Florida, National Association, Winter Haven, Florida, Assumes All of the Deposits of First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, Florida   FOR IMMEDIATE RELEASE January 27, 2012 Media Contact: Greg Hernandez (202) 898-6984 Cell: (202) 340-4922 Email:  ghernandez@fdic.gov   First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with CenterState Bank of Florida, National Association, Winter Haven, Florida, to assume all of the deposits of First Guaranty Bank and...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Republic Bank & Trust Company, Louisville, Kentucky, Assumes All of the Deposits of Tennessee Commerce Bank, Franklin, Tennessee
Press Release Republic Bank & Trust Company, Louisville, Kentucky, Assumes All of the Deposits of Tennessee Commerce Bank, Franklin, Tennessee   FOR IMMEDIATE RELEASE January 27, 2012 Media Contact: Greg Hernandez (202) 898-6984 Cell: (202) 340-4922 Email:  ghernandez@fdic.gov   Tennessee Commerce Bank, Franklin, Tennessee, was closed today by the Tennessee Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Republic Bank & Trust Company, Louisville, Kentucky, to assume all of the deposits of Tennessee Commerce Bank. The sole branch of Tennessee Commerce Bank will reopen on Monday as a branch of Republic...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Mortgage News Daily: Daily Newsletter
Mortgage Rates Continue To Solidify Bounce Back To Lows
Jan 26, 2012 3:17PM

Mortgage Rates Continue To Solidify Bounce Back To Lows

Mortgages Rates over the past two days have done much to make ground lost leading up to Yesterday's FOMC Announcement. After further improvements today, rates further solidified their reentry into 3.875% 30yr Fixed Best Execution levels. (for detail on what that means, READ THIS POST from a few days ago). The rounded average of various lenders' Best-Ex rates had moved up to 4.0%, and more than a few lenders are still well-priced there, but a majority are once again offering 3.875% with attractive...

Jan 26, 2012 9:24AM

Housing Industry Reacts to State of the Union

Housing featured prominently in President Obama's State of the Union speech on Tuesday night. The President made two specific proposals, one to deal with the ghosts of housing past, the other to provide expanded credit to homeowners. In contrast to the settlement with banks that Obama was widely rumored to announce at the State of the Union, he instead directed Attorney General Eric Holder to create a new office on Mortgage Origination and Securitization Abuses . The President said, "The American...


Micro News

1:37 PM:

MBS, Treasuries Settling -In Around Best Levels After 7 Yr Auction

12:44 PM:

7yr Auction Preview

12:32 PM:

MBS Pushing New Highs Ahead of Auction. Positive Reprices Reported

10:18 AM:

NAHB: Remodeling Market Index Rises to Five-Year High

10:09 AM:

Freddie Mac Reports Average Mortgage Rates Higher

10:07 AM:

ECON: New Home Sales Decline. Prices Lowest Since Oct 2010

10:07 AM:

ECON: New Home Sales Decline. Prices Lowest Since Oct 2010

8:54 AM:

Moderate Selling Pressure Short-Lived Following Data

Around the Web

Video News

Santelli: Data Heats Up Treasuries After Chill From Fed

New Home Sales Drop 2.2%

Banks Face Lack of Regulatory Clarity, Frenkel Says


Today's Comments

Justin Kennedy

"my thoughts, imagine what this large pool of rentals will do the the rental markets. will it be cheaper to rent than to buy? slowing down the 1st time..."

Frank Ceizyk

"I like it Ray--call it the "Reinvest in American Neighborhoods" fund--should be relatively easy to show that working people would be buying in..."

Frank Ceizyk

"OK Brian-YOU OBJECT. I just can't find the part where you suggested the alternative? How about: Mr. President: Here is our cohesive industry wide proposal..."

Today's Q&A

"Owner just rented a short sale to a family how can the owners rent it so close to us closing?"

"how do I get cash for keys from my lender wells fargo?"

"How can you refinance your house with no fees? Or what fees do you have to pay no matter what?"

Market Data

Mortgage Rates

30YR 3.86 -0.02
15YR 3.29 -0.02
FHA30YR 3.75 0.00
Jumbo30YR 4.09 -0.03
5/1ARM 3.05 0.04

MBS Quotes

30YR FNMA 3 103-16 0-15
30YR FNMA 4 105-15 0-10
30YR FNMA 4 106-25 0-08
30YR FNMA 5 108-00 0-07

Treasuries

2 YR 0.2147 -0.0123
3 YR 0.3082 -0.0158
5 YR 0.7760 -0.0230
7 YR 1.3276 -0.0684
10 YR 1.9401 -0.0619
30 YR 3.0942 -0.0578


Recent Housing Data

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

New Home Sales -2.23%
Building Permits -0.15%
Housing Starts 9.08%
Construction 0.81%
NAHB Builder 5.00%
Mortgage Application 23.07%

Forward

Know someone who might be interested in this email? Forward it.

© 2012 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Mortgage News Daily: Mortgage Rates Update
Daily Update: Mortgage Rates Continue To Solidify Bounce Back To Lows
Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.86 3.88 -0.02%
15 Yr FRM 3.29 3.31 -0.02%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.09 4.12 -0.03%
5/1 Yr ARM 3.05 3.01 0.04%
» View Current Mortgage Rates
» Compare Mortgage Rates		 Updated: 1/26/12 3:16 PM
Jan 26, 2012 3:17PM

Mortgage Rates Continue To Solidify Bounce Back To Lows

Mortgages Rates over the past two days have done much to make ground lost leading up to Yesterday's FOMC Announcement. After further improvements today, rates further solidified their reentry into 3.875% 30yr Fixed Best Execution levels. (for detail on what that means, READ THIS POST from a few days ago). The rounded average of various lenders' Best-Ex rates had moved up to 4.0%, and more than a few lenders are still well-priced there, but a majority are once again offering 3.875% with attractive...

More From MND

Video News

Greece Default Impact on US Banks

Is Bernanke Stealing Your Money?

Santelli: Data Heats Up Treasuries After Chill From Fed
Follow Rates Daily On:
RSS
Twitter
Facebook
Mobile Apps

Forward

Know someone who might be interested in this email? Forward it.

Subscribe

Would you like to receive our Daily Rate Update by Email? Subscribe Now.

© 2012 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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.

...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Northstar Funding News
News Flash: Housing is Important to Economic Recovery
Federal Reserve speaks up on the housing market Consumer Confidence + Tight Credit + Too Much Empty Property = Slow Recovery Last week the Fed sent a housing “white paper” to Congress discussing the importance of housing to the economic recovery. On Friday, Federal Reserve Governer Elizabeth Duke observed that “housing demand and homebuilding continue [...]