I’ve updated the 10 Year Note chart with the Treasury Auction overlay. One thing that is consistent is that on the morning (opening 2 hours) of the 2nd day after the end of the auction, pricing has been significantly improved, versus the end of the auction. Sometimes pricing continued to improve after this window, sometimes we got a reversal and pricing began to get worse. This would indicate, to me, that the best risk/reward strategy would be to be in a position to lock first thing Monday morning.
Current Mortgage Pricing From Hometown Lending
| Date: July 31, 2009 |
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| 30 Yr Fixed |
| 5/1 ARM |
| 7/1 ARM |
| FHA- 30 Yr |
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| Rate | Price | Rate | Price | Rate | Price | Rate | Price |
| 4.500% | 1.250 | 3.750% | 0.625 | 4.000% | 1.125 | 5.375% | Par |
| 4.625% | 0.750 | 3.875% | 0.250 | 4.125% | 0.750 |
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| 4.750% | 0.125 | 4.000% | -0.125 | 4.250% | 0.375 |
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| 4.875% | -0.500 | 4.125% | -0.375 | 4.375% | -0.125 |
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| 5.000% | -1.000 | 4.250% | -0.750 | 4.500% | -0.500 |
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| 15 Yr Fixed |
| 10/1 ARM |
| VA - 30 Yr |
| USDA RH | 30 YR |
| Rate | Price | Rate | Price | Rate | Price | Rate | Price |
| 4.250% | -0.250 | 4.000% | 1.750 | 5.250% | FICO>640 | 5.25% | Par |
| 4.375% | -0.750 | 4.125% | 1.500 | 5.375% | Fico<640, Fico .620 |
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| 4.500% | -1.250 | 4.250% | 1.000 | 6.000% | Fico < 620 |
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| 4.625% | -1.500 | 4.375% | 0.500 |
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| 4.750% | -1.750 | 4.500% | 0.000 |
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