Mortgage Update July 27, 2009

Hometown Lending Of Kirkland

877-238-5097

Rates for July 27, 2009

• Based on a credit score over 740/LTV 80%, 30 day lock
• Rates are for Purchase or No-cash out refinance
• Based on Lender Approval

10/1 Libor ARM

4.000%: 2.625 cost

4.250%: 1.875

4.375%: 1.375

4.500%: 0.875

4.625%: 0.500

4.750%: 0.125

4.875%: -0.250 Rebate

7/1 Libor ARM

4.000%: 1.500

4.250%: 0.625

4.375%:  0.25

4.500%: -0.125 Rebate

4.625%: -0.500 Rebate

5/1 Libor ARM

3.750%: 1.000

3.875%: 0.625

4.000%: 0.250

4.125%: -0.125 Rebate

4.250%: -0.500 Rebate

30 Yr Fixed

4.500%: 2.250

4.625%: 1.750

4.750%: 0.875

4.875%: 0.250

5.000%: -0.250 Rebate

FHA  30 Yr Fixed

5.500% - Par

VA  30 Yr Fixed

5.500% - Par

USDA Rural Development – 30 Yr Fixed

5.500% - Par

 

Posted via email from htlkirkland's posterous

Too cool

Okay…it worked. Very easy…you can simply send an email to post@posterous.com once you’ve got everything set up, and it simultaneously posts to Twitter, Facebook, Myspace, etc…whichever social networking sites you direct the comments to go to. Very easy. The Website is posterous.com

Dan Mellis

Hometown Lending

div of TMBG, Inc

9757 NE Juanita Dr. Suite 119

Kirkland, WA 98034

Toll Free: 877-238-5097

Office: 425-605-0948

Cell: 425-260-5562

Fax: 425-484-6559

Lic: 510-LO-34535

Website: www.htlkirkland.com

Email: dan.mellis@htlkirkland.com

"Life is putting Prozac to the test." - Tony Soprano

Posted via email from htlkirkland's posterous

Posterous Test Post

Hello Everyone,

I’m making a test post from the posterous.com website, we’ll see if this works.

Supposedly, it will simultaneously post to Facebook, Twitter, and my blog at Mortgage Strategery. Here goes.

Dan Mellis

Hometown Lending

div of TMBG, Inc

9757 NE Juanita Dr. Suite 119

Kirkland, WA 98034

Toll Free: 877-238-5097

Office: 425-605-0948

Cell: 425-260-5562

Fax: 425-484-6559

Lic: 510-LO-34535

Website: www.htlkirkland.com

Email: dan.mellis@htlkirkland.com

"Life is putting Prozac to the test." - Tony Soprano

Posted via email from htlkirkland's posterous

Mortgage Rates: The Impact of The Treasury Auctions

Today's Treasury Announcement is nearly identical to the May 21 ammouncement in terms of offering size, and the instruments are the same, the 2 Yr, 5 Yr, 7 Yr notes.

The impact from the May 21 Announcement to the end of the auction on May 28, was a 318 bp decline in the FNM 4.5% Bond. The impact from the June 4 Announcement to the end of the auction on June 11, was a 350 bp decline in the FNM 4.5% Bond.

As I write this, the Fannie Mae 4.5% Bond is trading at 98.28 -110 bps from yesterday's close.

Fannie Mae 4.5% Bond
May 21 Auction Announcement High:102.1875
May 28 End of Auction Low: 99.00
Hi to Low: -3.1875 (318.75 basis points)

June 4 Auction Announcement High: 99.8125
June 11 End of Auction Low: 96.3125
Hi to Low: -3.500 points (350 basis points)

June 18 Auction Announcement High: 99.1875
June 25 End of Auction Low: ?

Catching Up: June 4 Treasury Auction Announcements

Treasury Offerings:
3-Year Note: $35 Billion link Auction Date: June 15, 2009
10-Year Note: $19 Billion link
30-Year Bond: $11 Billion Auction Date: June 11, 2009 Link

Jordan's Graduation

May 21: Treasury Announces New Debt Offerings

Total Amount of Treasury Securities to be offered: $162 Billion

Breakdown of offerings:
7 Yr Notes: $26.0 Billion
Auction Date: May 28, 2009
7 Yr Note Offering Link
5 Yr Notes: $35.0 Billion
Auction Date: May 27, 2009
5 Yr Note Offering Link
2 Yr Note Offering: $40.0 Billion
Auction Date: May 26, 2009
2 Yr Note Offering Link
26 Week Offering: $30 Billion
Auction Date: May 26, 2009
26 Week Offering Link
13 Week Offering: $31.0 Billion
Auction Date: May 26, 2009
13 Week Offering Link