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Sussel News
August 27, 2010
| Average Mortgage Rates | ||
| 30 Yr FRM | 4.39% | 0.05% |
| 15 Yr FRM | 3.78% | 0.03% |
| FHA 30 Year | 4.46% | 0.05% |
| Jumbo 30 Year | 5.59% | 0.03% |
| 5/1 Yr ARM | 3.53% | 0.05% |
| View Current Mortgage Rates | Compare Rates | Updated: 8/27/10 5:26 PM | |
Latest Commentary
Bond Market Hits Reset Button, Poor Econ Data Forecasting, Loan Pricing Review - MBS Commentary
A brief market wrap and a few observations heading into the weekend... Read More
Provided by Mortgage News Daily
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.
August 26, 2010
| Average Mortgage Rates | ||
| 30 Yr FRM | 4.34% | 0.02% |
| 15 Yr FRM | 3.75% | 0.02% |
| FHA 30 Year | 4.41% | 0.02% |
| Jumbo 30 Year | 5.56% | 0.00% |
| 5/1 Yr ARM | 3.48% | 0.03% |
| View Current Mortgage Rates | Compare Rates | Updated: 8/26/10 4:35 PM | |
Latest Commentary
Mortgage Rates Marginally Worse After Improvement in Jobless Claims - Mortgage Rate Watch
Lender rate sheets were slightly worse than yesterday but nothing monumental. The best par 30 year fixed -conventional, FHA and VA- mortgage rate remain in the 4.25% to 4.50% range with several lenders offering 4.125%. 15 year fixed rate loans also remain in the 3.75% to 4.00% range.
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7-Year Note Auction Met with Healthy Demand. Indirects Bidders Chase Higher Returns - MBS Commentary
This was the best auction of the week. Indirect bidders were the primary source of auction demand. Indicating overseas real money buyers are still chasing returns in the long end of the yield curve. This has been a consistent theme since the Fed announced QE lite two weeks ago. Read More
Provided by Mortgage News Daily
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.
August 25, 2010
| Average Mortgage Rates | ||
| 30 Yr FRM | 4.32% | 0.01% |
| 15 Yr FRM | 3.73% | -0.01% |
| FHA 30 Year | 4.39% | -0.01% |
| Jumbo 30 Year | 5.56% | -0.02% |
| 5/1 Yr ARM | 3.45% | 0.00% |
| View Current Mortgage Rates | Compare Rates | Updated: 8/25/10 5:29 PM | |
Latest Commentary
Mortgage Rates Mixed After Scattered Lender Reprices - Mortgage Rate Watch
Much like yesterday, mortgage rates rallied early this morning following weak housing data. Much like yesterday, mortgage rates came under pressure in the lunch hours today as mortgage-backed securities prices fell from intraday highs. Much UNLIKE yesterday, mortgage rates never recovered from that weakness heading into the market close today. The bad... Read More
Indirect Bidders Support 5-Year Note Auction. MBS Off Price Highs. Reprices Possible - MBS Commentary
FNCL 4.0s just fell from new record high prices, led by profit taking in the long end of the yield curve and localized weakness in the belly. With "rate sheet influential" MBS prices falling from session highs, reprices for the worse are possible. Read More
Provided by Mortgage News Daily
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.
August 24, 2010
| Average Mortgage Rates | ||
| 30 Yr FRM | 4.31% | -0.02% |
| 15 Yr FRM | 3.74% | -0.01% |
| FHA 30 Year | 4.40% | -0.01% |
| Jumbo 30 Year | 5.58% | -0.01% |
| 5/1 Yr ARM | 3.45% | -0.01% |
| View Current Mortgage Rates | Compare Rates | Updated: 8/24/10 5:19 PM | |
Latest Commentary
Mortgage Rates Rally on Weak Economic Data - Mortgage Rate Watch
The bond market must've seen this coming because interest rates were already in full on rally mode before the data was released. Although the 10 year Treasury note yield fell a few more basis points after the data flashed, the post release reaction was minimal. In fact, as the day progressed benchmark yields moved higher, which put pressure on... Read More
Data Flash: July Existing Home Sales -27.2%. Much Worse than Expected - MBS Commentary
US JULY EXISTING HOME SALES 3.83 MLN UNIT ANNUAL RATE (CONS 4.70 MLN) VS JUNE 5.26 MLN (PRV 5.37)-NAR Read More
Provided by Mortgage News Daily
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.
Saving Energy by Conserving Water
Niagara uses innovative "vacuum-assist" hydraulics to provide an effective, yet super-quiet flush in the Stealth toilet, requiring just 0.8 gallons. By using less water, this toilet saves energy. Photo: Niagara Conservation. Click on image to enlargeIt takes a lot of energy to transport and treat water in this country, and it takes a lot of water to produce the energy we use. To put this a different way: when we save water we save energy, and when we save energy we save water.
Most people don't think about this tight-knit relationship between energy and water, but public officials in a growing number of regions around the country are becoming quite aware of it. This week, I'll examine how much energy it takes to move water and to treat both supply water and wastewater. Next week, I'll look at how much water is used in producing our energy.
The energy intensity of water:
The amount of energy needed to deliver clean water and treat that water once we've used it varies tremendously by region. If you live in southern California, your drinking water is pumped either from the Colorado River and its assorted reservoirs (including the nation's largest, Lake Mead, which is now half empty) or from northern California. In either case, that water flows through hundreds-of-miles-long open aqueducts and, via pipelines, up and over mountain ranges.
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Park51—The World's First LEED Mosque?
Previously a Burlington Coat Factory, the new community center at 45-51 Park Place, New York, will be a LEED certified space upon completion. Photo: Michael Appleton for The New York TimesThe first mosque, in the world according to an article in The Daily Green, attempting LEED certification could be located in Lower Manhattan—in proximity of “Ground Zero”—the hallowed ground of the Twin Towers and 9/11. The proposed location of the new community center and mosque, Park51, has sparked controversy; some argue the location of Park51 is disrespectful. It should also be noted that Lower Manhattan is not very large and most buildings are in proximity to Ground Zero. And it’s difficult not to be excited about a project pursuing LEED certification, especially a community center.
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August 20, 2010
| Average Mortgage Rates | ||
| 30 Yr FRM | 4.34% | -0.02% |
| 15 Yr FRM | 3.74% | -0.01% |
| FHA 30 Year | 4.40% | -0.02% |
| Jumbo 30 Year | 5.59% | -0.02% |
| 5/1 Yr ARM | 3.45% | 0.02% |
| View Current Mortgage Rates | Compare Rates | Updated: 8/20/10 5:17 PM | |
Latest Commentary
Mortgage Rates React to Data! Potentially Choppy Waters Ahead - Mortgage Rate Watch
From 10,000 feet, the story of the week was "Mortgage Rates Rebound from Losing Streak", but when you look closer I think the bigger story was "Mortgage Rates React to Economic Data. Twice!". Read More
Week Over Week Loan Pricing Review. Anyone Buying Back Hedges? - MBS Commentary
We have yet to perform a thorough analysis on loan pricing this week. Now seems like a good time... Read More
Provided by Mortgage News Daily
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.
August 19, 2010
| Average Mortgage Rates | ||
| 30 Yr FRM | 4.36% | -0.03% |
| 15 Yr FRM | 3.75% | -0.03% |
| FHA 30 Year | 4.42% | -0.03% |
| Jumbo 30 Year | 5.61% | -0.02% |
| 5/1 Yr ARM | 3.43% | -0.03% |
| View Current Mortgage Rates | Compare Rates | Updated: 8/19/10 5:56 PM | |
Latest Commentary
Mortgage Rates End Losing Streak After Reprices for Better - Mortgage Rate Watch
After reprices, rate sheets are improved vs. offers yesterday. The best execution par interest rate remains in the 4.25% to 4.50% range for well qualified consumers. If you are seeking a 15 year term, you should expect a par rate in the 3.75% to 4.00% range. We still feel rates will rise in the day's ahead. If you are closing within the next 15... Read More
MBS Catch Bid After Weak Econ Data. Buyers Back to Soak Up Supply Surplus - MBS Commentary
Econ data surprised to the downside, stocks are selling through support levels, Treasury longs are reaffirming a "buy on the dips" bias, and rate sheet influential mortgage-backs are finally catching a bid. Phew. After four straight days of selling, buyers have returned to the MBS market to soak up the surplus of inventory that was recently... Read More
Provided by Mortgage News Daily
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.
Is America Ready for a Home Urinal?
The Waterless Company's new residential Baja urinal begins shipping this week. Photo: Waterless Company. Click on image to enlarge.There are some significant advantages to urinals when it comes to bathroom maintenance (I won't go into the messy details of splashing that happens when males stand and urinate into a toilet). With ultra-efficient urinals (often called one-pint urinals) and waterless urinals, there are also very significant water savings that are achieved.
The Waterless Company, which invented the non-water-using urinal in the early 1990s (see our February 1998 EBN product review of their first product--log-in required), has now introduced a waterless urinal designed specifically for the residential market. The Waterless Company's Baja urinal, which should start shipping this week, according to company president Klaus Reichardt, is somewhat smaller than a commercial urinal, and available in vitreous china for easy cleaning.
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