Mortgage Rates Move Higher For The First Time In Two Weeks

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Sep 27, 2012 3:10PM Mortgage Rates Move Higher For The First Time In Two Weeks Mortgage rates finally broke their unprecedented winning streak on Thursday as rates moved higher for the first time since the Fed announced it's third round of quantitative easing on September 14th. The 10 straight sessions of improving rates crossed into new all-time low territory earlier this week, and even after today's weakness, it's still the 3rd best day in the history of mortgage rates. Best execution levels continue hovering firmly at 3.25% for 30yr Fixed Conventional Loans. ( Read More... Sep 27, 2012 10:23AM Mortgage Metrics Report Shows Increase in "Seasonal" Delinquencies The performance of mortgages serviced by banks regulated by the Office of Comptroller of the Currency (OCC) declined in the second quarter but was improved over the same period one year earlier according to the OCC Mortgage Metrics Report for the Second Quarter of 2012 released Thursday morning. OCC called the quarterly change in delinquency rates "seasonal." The report covers 30.5 million first-lien mortgages with $5.2 trillion in outstanding balances, about 60 percent of all first-lien mortgages... Basel III to Help Big Banks? A Calculation Tool to Show it's Impact; Texas Ratio Helps LO's Think About Bank Health MBS RECAP: Post QE3 Rally Finally Levels Off Pending Home Sales Cool after Summer Upswing OIG: FHFA not Consistently Involved in GSE Decisions MBS MID-DAY: Explaining Morning Weakness In Spite Of Weaker Data Politics and Housing; 3.8% Real Estate Tax Myth; Lots of Processing and Origination Stats View: Front Page | Headline Viewer Micro News 1:21 PM: Despite Decent 7yr Treasury Auction, Bond Markets Struggle 12:33 PM: Tricky Bit Of Weakness Here. Potential Negative Reprice Risk 10:10 AM: ECON: Pending Home Sales Decline In August 9:29 AM: Paradoxical Reaction As Bond Markets Fall On Weaker Data 8:56 AM: ECON: Biggest Drop In Durable Goods Since Jan 2009 8:46 AM: ECON: Jobless Claims 359k Vs 378k Consensus 8:45 AM: ECON: GDP Rises 1.3 Percent Versus 1.7 Percent Consensus 2:02 PM: Bouncing Back From Previous Weakness After Strong 5yr Auction »View All Micro News Around the Web Freddie Mac: Recent Enhancements to Loan Prospector QE3 Won't Do 'Much At All' For Real Estate: Citi Exec Berlusconi Says Draghi's Program to Curb Bond Spreads Will Fail Major banks hit with biggest cyberattacks in history U.S. builders put home buyers into credit boot camp Spain 2013 budget to focus on spending cuts rather than tax hikes: government »View More Around the Web Video News 'Fed Courting a Disaster' Climbing the Property Ladder Santelli: Europe 'Systemically Important' »View More Video News Today's Comments "Now that was the most enlightening thing I have seen in a long time. You can't imagine how many times, and how much time I have spent separating whites..." "So the 3.8% is not a sales tax, it is a 3.8% capital gains tax for wealthy people...which, is still a tax, right? A myth generally infers there is no truth..." "It is remarkable how little vision there is from the Romney campaign on housing. I didn't vote for the incumbent President, but I can say if the only..." »View More Comments Today's Q&A "home loan for 95% on cost" "Loan Officer locks mortgage rate without client" "Can refinance done with the only a month old title insurance?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.32 0.03 15YR 2.75 0.00 FHA30YR 3.25 0.02 Jumbo30YR 3.81 0.02 5/1ARM 3.01 0.02 MBS Quotes 30YR FNMA 3 107-04 -0-15 30YR FNMA 4 107-21 -0-10 30YR FNMA 4 108-08 -0-07 30YR FNMA 5 109-05 -0-05 Treasuries 2 YR 0.2539 -0.0081 3 YR 0.3295 -0.0055 5 YR 0.6425 0.0355 7 YR 1.0469 0.0309 10 YR 1.6559 0.0459 30 YR 2.8419 0.0599 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Pending Home -2.65% Mortgage Application 2.76% Mortgage Refinance -9.94% Mortgage Purchase 0.70% New Home Sales -0.27% New Home Prices 9.13% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

Politics and Housing; 3.8% Real Estate Tax Myth; Lots of Processing and Origination Stats

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Sep 26, 2012 11:58AM Politics and Housing; 3.8% Real Estate Tax Myth; Lots of Processing and Origination Stats Here in Denver the city is preparing for next Wednesday's presidential debate. And what would an election be without a Chia Pet in the shape of your favorite candidate . (Although Newt looks like someone's grandma.) For today's trivia , the last time a Republican was elected president without a Nixon or Bush on the ticket was 1928!! There are 41 days until the election, and it seems like the nation has been watching the campaign and the primaries for years. At this point many polls have President... Sep 26, 2012 5:49PM GSE Foreclosure Prevention has Reached 2.4 Million Homeowners Fannie Mae and Freddie Mac (the GSEs) completed approximately 129,000 foreclosure prevention actions during the second quarter of 2012, bringing the total to nearly 2.4 million since they were placed in conservatorship in September 2008. The two companies completed 50,373 loan modifications, 36,343 repayment plans, 5,352 forbearance plans and 36,496 home forfeiture actions, most of which were short sales. During the first quarter there were 146,099 foreclosure prevention actions completed with a... MBA Revitalizes MISMO Government Forum in Effort to Improve Industry Data Standards OIG Investigates Freddie Mac's Inverse Floater Investments Mortgage Rates Relentless In Mission To Move All-Time Boundaries Lower Still MBS RECAP: Light Supply Helps MBS Keep Better Pace, But Twin Peaks At 106 New Home Sales Down Slightly but Median, Mean Home Prices Jump Claims Process Underway for Foreclosed Homeowners View: Front Page | Headline Viewer Micro News 2:02 PM: Bouncing Back From Previous Weakness After Strong 5yr Auction 12:30 PM: Well Off Previous Highs Ahead Of Auction. Some Reprice Risk 10:05 AM: ECON: New Home Sales Fell (Or Climbed?) In August 9:26 AM: Bond Markets Steady At Stronger Levels Ahead Of Rate Sheets 3:08 PM: Just When You Think They're Done, MBS Keep Surging To All Time Highs 12:36 PM: MBS Hold Ground, Fed's Plosser Cool On Inflation, But Not A QE3 Fan 11:11 AM: MBS At Lowest Levels Of The Morning As Risk Rally Continues 10:26 AM: Biggest Moves Of The Morning On Stronger Confidence Report »View All Micro News Around the Web LPS Reports U.S. Home Prices Up 0.2 Percent for the Month; Up 1.8 Percent for the Past Year DataQuick: August Phoenix Home Sales Report FHFA: Agencies Reopen Comment Period on Swap Margin and Capital Proposed Rulemaking US Banks' Leverage Should Be Halved to Cut Risks, Bair Says FHFA: GSEs Help More Than 2.4 Million with Foreclosure Prevention Actions; State-Level Data European 'Crisis Is Not Over': Barclays Analyst »View More Around the Web Video News Bond King on Stock Surge Spain Reveals New Budget Tomorrow Sheila Bair on Bank Capital Ratios, New Book »View More Video News Today's Comments "Not much of a mention about FHA. For those of us underwater and locked out of the FHA streamline program with the discounted mortgage insurance because..." "Re: Obama's plan to reform mortgage markets, how does FHA relinquish market share by INCREASING its loan limits? Is the "FHA conforming"..." "I wasn't expecting the Top 9 list at the end, but it was certainly a welcomed surprise! It's tough content to swallow, but I appreciate how thoroughly..." »View More Comments Today's Q&A "Can refinance done with the only a month old title insurance?" "What exactly are lender credits and how are they determined?" "What's the relationship between guarantee fees and borrowers' mortgage rates?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.29 -0.04 15YR 2.75 0.00 FHA30YR 3.23 -0.02 Jumbo30YR 3.79 -0.04 5/1ARM 2.99 0.00 MBS Quotes 30YR FNMA 3 107-18 0-04 30YR FNMA 4 107-30 0-02 30YR FNMA 4 108-15 0-02 30YR FNMA 5 109-10 -0-02 Treasuries 2 YR 0.2618 -0.0042 3 YR 0.3348 -0.0082 5 YR 0.6073 -0.0387 7 YR 1.0164 -0.0516 10 YR 1.6095 -0.0615 30 YR 2.7816 -0.0694 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application 2.76% Mortgage Refinance -9.94% Mortgage Purchase 0.70% New Home Sales -0.27% New Home Prices 9.13% Building Permits -0.99% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

Romney vs. Obama: An Overview of the Candidates Housing Views

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Sep 25, 2012 2:47PM Romney vs. Obama: An Overview of the Candidates Housing Views Even while housing is repeatedly cited as a leading cause of the Great Recession and as a significant key to a full recovery the candidates for President of the United States have had little to say on the subject . While President Barack Obama has been heavily involved in housing issues for almost four years and it is fairly easy to derive and document what we can assume will be his policy over the next four years the same is obviously not true for the challenger. Mitt Romney finally released a ... Sep 25, 2012 2:47PM Mortgage Rates Continue Surge To Lower All-Time Lows Mortgage rates surged lower again today , continuing an ongoing push into lower all-time lows . Although bond markets in general moved lower in rate today, the overriding factor leading mortgage rates lower is the ongoing reaction to the Fed's recently announced quantitative easing measures which specifically target the securities that underlie the mortgage market. Yesterday's rate sheets were strong enough that we noted 3.25% as the more prevalent Best-Execution rate among most lenders. Today's... FHFA Reports Home Price Up 0.2% in July MBS RECAP: Held Up Well Into Selling, Even Better Into Rally S&P/Case Shiller Home Prices Rise, Feeding Optimism of a Housing Recovery Luther Burbank-DOJ Fair Lending Settlement; Guild's Switch on FHA Streamlines; Bernanke's Baby Picture MBS MID-DAY: Defending Weakest Levels After Opening Higher The Day Ahead: Two Flavors Of Home Price Data, Plus Consumer Sentiment View: Front Page | Headline Viewer Micro News 3:08 PM: Just When You Think They're Done, MBS Keep Surging To All Time Highs 12:36 PM: MBS Hold Ground, Fed's Plosser Cool On Inflation, But Not A QE3 Fan 11:11 AM: MBS At Lowest Levels Of The Morning As Risk Rally Continues 10:26 AM: Biggest Moves Of The Morning On Stronger Confidence Report 10:06 AM: ECON: House Prices Rise 0.2 Percent In July - FHFA 10:04 AM: ECON: Consumer Confidence Much Higher Than Expected 9:27 AM: Bond Markets Improve Overnight But Bounce Back Into Domestic Session 9:07 AM: ECON: Case-Shiller Home PricesImprove Across The Board »View All Micro News Around the Web Group accuses BofA of bias in managing foreclosed homes Protesters in Spain Clash With Police CFPB: What do you think about our draft strategic plan for the next five years? Geithner Was 'Bailouter' in Chief During Crisis: Bair Obama Foreclosure Prevention Program 'Cheated Borrowers,' Former Bank Regulator Says Zillow shares fall on negative research report, outlook »View More Around the Web Video News Steve Liesman: Housing in the USA a Good Investment? Santelli's Midday Bond Report S&P/Case-Shiller: Home Prices Rise Again »View More Video News Today's Comments "I wasn't expecting the Top 9 list at the end, but it was certainly a welcomed surprise! It's tough content to swallow, but I appreciate how thoroughly..." "I'm curious to see how long this lasts. We have quite a few clients asking questions about it, so we certainly appreciate the info." "Gosh, lax oversight and shoddy underwriting on a HUD program, what a surprise. If 76% of the 80 claims sampled contained material errors, have to expect..." »View More Comments Today's Q&A "Is a lender out there that will consider my income, or do I need to find full-time employment?" "Is there any way around the 2 year part-time employment requirement?" "When is closing confirmed" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.33 -0.05 15YR 2.75 0.00 FHA30YR 3.25 -0.10 Jumbo30YR 3.83 -0.08 5/1ARM 2.99 0.04 MBS Quotes 30YR FNMA 3 107-15 0-08 30YR FNMA 4 107-29 0-05 30YR FNMA 4 108-15 0-01 30YR FNMA 5 109-12 0-03 Treasuries 2 YR 0.2663 0.0003 3 YR 0.3426 -0.0024 5 YR 0.6460 -0.0080 7 YR 1.0668 -0.0292 10 YR 1.6714 -0.0436 30 YR 2.8514 -0.0496 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Mortgage Application -0.18% Mortgage Refinance 0.76% Mortgage Purchase -3.78% Building Permits -0.99% Housing Starts 2.32% Construction -0.93% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031