Home Loans and Mortgages on Bad Credit by Mortgages MAX

Posted To: MBS Commentary
After hitting 5 month yield highs early in the session, rates have made a modest recovery back towards their recent range. Prices are now heading sideways in "status quo" territory. Volumes are below average. The 10yr note is -0-14 at 96-04 yielding 3.849%. Illustrating the 5 month yield high… The FN 4.0 is -0-09 at 96-17 and the FN 4.5 is -0-05 at 99-24. Year end always makes me feel lazy for some reason. More to come later…I need to go back out. BOND MARKET CLOSES AT 2PM….(read more)
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Original post by Adam Quinones

Posted To: Community Commentary
I visited China in 2005 and 2007. In addition to seeing Shanghai and Beijing, I got an opportunity to see many historical sites, including Ping Yao. Ping Yao is 14th century well preserved walled city in the Shanxi Province of central China. At one time, it was the financial center of China during the Qing Dynasty. During my visit, I visited a couple of banks in Shanghai with one of my mortgage banking clients who speaks Mandarin. He acted as my interpreter as I quizzed the bank managers of the two banks. My objective was to get some information on if and how banks were providing financing for the rapid growing real estate market. At this time, there was a boom in condo construction in Shanghai and they were selling as high as 2 million dollars. The government had recently loosened up ownership…(read more)
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Original post by C.M. "Corky" Watts, CMB

Posted To: Mortgage Rate Watch
Mortgage rates improved for the first time in six sessions yesterday as mortgage backed securities price appreciations early in the day allowed lenders to boost rate sheet rebate. Mortgage rates are slightly worse this morning after a better than expected Jobless Claims report. The weekly jobless claims report totals the number of Americans who filed for first time unemployment benefits in the previous week. Included within this report are continuing claims and extended benefits claims. Continuing claims totals the number of Americans who continue to file for unemployment benefits (because they haven't gotten a new job). Extended benefit claims totals the number of Americans who’ve used up their traditional benefits and are now collecting extended payments under recent government…(read more)
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Original post by Victor Burek