Show me the MORTGAGE money!

White House's unwritten mortgage memo: Act now.......Reuters

  By Linda Stern

WASHINGTON | Fri Feb 11, 2011 2:03pm EST

WASHINGTON Feb 11 (Reuters) - The Obama Administration's newly unveiled housing finance plan may have clouded the picture for policymakers, lenders and bond buyers, but it made the future for borrowers starkly clear: It's going to cost more to get a home loan.

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Rise in Rates Is Headwind for Housing ...WSJ

By MARK GONGLOFF, NICK TIMIRAOS And RUTH SIMON

U.S. 30-year mortgage rates have jumped above 5% for the first time since last spring, in a rapid rise that could present a challenge to the still-troubled housing market.

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Mortgage Rates trending down

Bond yields dropping, mortgage rates may follow.

Want to know which way rates are going.....

Watch the 10 year US Treasury Bond....

US Treasury Bond

Despite the uptick Jumbo rates up to $1,000,000 are still below....

5% for a 30 year fixed. Below 4% for a 5 year ARM. Underwriting is a bit stricter, and credit scores are more important than ever, but there continues to be plenty of money available in the conforming and jumbo categories.

Loans over $729,000 require at least 20% down.

Mortgage rates ease a bit....

Lower treasury yields are easing mortgage rates a bit.

MMMM>>>

Monday Morning Mortgage Market...

30 year fixed rate Jumbo mortgage rates stay under 5%, while conforming loans remain in the 4.5% range.

..Mortgage Rates Reverse Course and Fall ...WSJ

By AMY HOAK

Home-mortgage rates fell this week, returning to levels seen two weeks ago, according to Freddie Mac's weekly survey of conforming rates, released on Thursday.

The 30-year fixed-rate mortgage averaged 5.07% for the week ended April 15, down from 5.21% last week. A year ago, the mortgage averaged 4.82%. The 15-year fixed-rate mortgage averaged 4.40%, down from 4.52% last week and 4.48% a year ago.

The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.08%, down from 4.25% last week and 4.88% a year ago. And the one-year Treasury-indexed ARM averaged 4.13%, down from 4.14% last week and 4.91% a year ago.

read more:  http://online.wsj.com/article/SB10001424052702304628704575186514019189440.html?mod=WSJ_Real+Estate_LeftTopNews

......Nabbing a Mortgage Before Rates Rise - WSJ.com

By JAMES R. HAGERTY

Is it time to rush out and buy a house before mortgage rates go up?

As the Federal Reserve winds down its intervention in the mortgage market, rates on home loans are generally expected to rise at least modestly during the rest of this year from today's unusually low levels. Some analysts believe mortgage rates will jump to around 6% by year end from 5% in recent weeks, while others see only a slight increase.

http://online.wsj.com/article/SB10001424052748704655004575113711943683500.html?mod=WSJ_Real Estate_LeftTopNews#iframe_height=300

...Rate news....30 yr fixed below ...

5% is still attainable.