Rates match yesterday’s close - 4.625%-0.125+1.000
Mortgage rates closed flat on Thursday, declining slightly after a positive opening. AmeriFund reported that their 30 yr fixed conforming loan, 4.62526% coupon, opened at par plus 1 point origination fee for highest grade applicants on transactions with LTV ratios of 60% or less. After mid-afternoon pricing increase this coupon was costing .125 DISCOUNT plus 1% origination fee ($175,000 loan, 4.777% APR).
Syndication for CentristSoapbox
- Obama’s Modification Plan - Are you paying for your neighbor’s home? March 7, 2009
- What’s up Doc? (besides your pay) March 6, 2009
- Properly marketing foreclosed properties: one key to stabilizing home prices February 17, 2009
- The declining value fallacy: why principal reductions are not an appropriate response February 16, 2009
- The Housing Plan: about the “affordability” section of the plan February 16, 2009
- Stimulus bill scorecard - Elephants-0, Donkeys-0 February 14, 2009
- Mr Oglethorpe’s Dilemma: A primer on stimulus spending February 9, 2009
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