Daily Newsletter: Good Time to Sell a House; LOs Should Know Rate Locks Work Both Ways

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 3.50%   +0.03 15 Year Fixed 2.83%   +0.02 10YR Treasury 1.74%   +0.0358 FNMA 30YR 3.5 106.20   -0.20 FNMA 15YR 2.5 105.41   -0.13 View Today's Rates

Monday April 8, 2013 MND NewsWire - 11:23AM More Americans View this as Good Time to Sell a House Americans' attitudes toward most key housing measures remained stable between February and March. The National Housing Survey conducted monthly by Fannie Mae showed continued optimism ... Pipeline Press - 12:32PM LOs Should Know Rate Locks Work Both Ways; Chatter About Forced Place Insurance; What is OMWI? According to the U.S. Census Bureau fewer domestic households have debt, but those who do, have more of it. It's research team writes, "The percentage of U.S. households holding some ... Mortgage Rate Watch - 2:19PM Mortgage Rates Give Back Some Of Last Week's Improvements Mortgage rates rose moderately today for the first time in more than a week, marking at least a temporary end to the most aggressive move lower since mid 2012. Rates dropped precipitously ... MBS Commentary - 4:20PM MBS RECAP: Decent Morning, Sloppy Afternoon, Back To Pre-NFP Levels MBS Live : MBS Afternoon Market Summary MBS prices fell all the way to early Friday morning levels this afternoon as an average Monday morning got sloppy as the day progressed. The ... MBS MID-DAY: Holding Close To Unchanged Amid Lack of Data The Week Ahead: MBS Roll Tuesday, Treasury Auctions and Retail Sales DE Underwriter Change? MI Company fines and their Responses; How Much can the CFPB Penalize and what does it do with the Money? DOJ Sues another FHA Lender Four Largest Mortgage Insurers Tagged by CFPB in Illegal Kick-Back Scheme MBA Q4 Profit Numbers Study; Government Plan for those with Weak Credit; MERS is Alive and Well Net Decrease in Improving Housing Markets after Months of Gains The State of Applications and Pipelines; Goldman's New Investment Company Latest Video Student Loan Debt Hurts Housing Gross: The 'Magic Exilir' of Real Interest Rates Santelli: 'How Do We Get America to Work Again?' More News from 'Around the Web' www.ourbroker.com - 4:57PM Who Will Get The Real Mortgage Crisis Profits? www.cfpbmonitor.com - 4:54PM CFPB sets up special e-mail list for mortgage developments SIFMA - 4:54PM SIFMA Statement on Confirmation of Mary Jo White as New SEC Chair Business Week - 2:21PM Fannie Mae Profit May Swell Treasury Coffers as Debt Limit Looms Washington Post - 2:21PM Here's why the housing recovery hasn't led to a hiring boom CNBC - 12:11PM Why Housing Stalled: $1 Trillion in Student Debt www.builderonline.com - 11:00AM Can you say, 'bidding wars?' They're back! Reuters - 10:59AM Curbing asset purchases could reduce risks: Fed's Pianalto NAFCU - 9:39AM CFPB to release mortgage rules guidance this week Fannie Mae - 9:37AM Fannie Mae: Consumers' Positive Housing Attitudes Withstand Fiscal Concerns CNBC - 9:37AM Stocks Open Mixed After Posting Worst Week of 2013 Business Week - 8:25AM Hedge Funds Wagering on Fannie Reincarnation: Mortgages Bloomberg - 8:25AM Rising U.S. Home Prices May Shrink FHA Shortfall in Obama Budget Business Week - 8:23AM How Does the US Quit Housing When Fannie, Freddie Rake in Billions? Reuters - 8:22AM Futures up after last week's sell-off Reuters - 12:03AM Judge approves BofA $2.43 billion settlement over Merrill Reuters - 12:02AM Ex-Credit Suisse trader pleads not guilty to MBS price inflation Today's Comments MBS Live Chat - 3:20PM "REPRICE : 3:20 PM - Fifth Third Mortgage Worse..." MBS Live Chat - 3:17PM "REPRICE : 3:17 PM - Stearns Lending Worse..." MBS Live Chat - 3:01PM "REPRICE : 3:01 PM - Everett Financial Worse..." MBS Live Chat - 2:57PM "REPRICE : 2:57 PM - Pinnacle Worse..." MBS Live Chat - 2:21PM "REPRICE : 2:21 PM - Provident Funding Worse..." MBS Live Chat - 2:33PM "Thank you MBS. Locked in just before the RP..." Recent Q & A "Do is good to refinance with the MIP increase?" "Does Refinancing Affect the Deed" " how dos a contract work between a buyer and seller" "Does the transfer of ownership on a mortgaged home hurt the "seller's' credit?" Today's Rates Best Execution Rate Change 30 Yr FRM 3.50% +0.03 15 Yr FRM 2.83% +0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.64% +0.02 5/1 Yr ARM 3.02% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.78% 0.76 +0.08 30 Yr. Fixed 3.53% 1.11 +0.06 MBA ** 30 Yr. Fixed 3.76% 0.43 -0.03 15 Yr. Fixed 2.99% 0.36 -0.03 30 Yr. Jumbo 3.85% 0.37 -0.05 30 Yr. FHA 3.48% 0.38 -0.03 5/1 ARM 2.60% 0.32 +0.02 Freddie Mac ** 30 Yr. Fixed 3.54% 0.80 -0.03 15 Yr. Fixed 2.74% 0.70 -0.02 1 Yr. ARM 2.63% 0.40 +0.01 5/1 Yr. ARM 2.65% 0.50 -0.03 Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. Secondary Markets MBS Price Change 30YR FNMA 3.0 104.09 -0.27 30YR FNMA 3.5 106.20 -0.20 30YR GNMA 3.0 105.59 -0.30 30YR GNMA 3.5 108.42 -0.20 15YR FNMA 3.0 105.41 -0.13 15YR FNMA 2.5 104.33 -0.13 Treasuries Yield Change 2 YR 0.2301% -0.0001 5 YR 0.7036% +0.0192 10 YR 1.7435% +0.0358 30 YR 2.9108% +0.0403 Prices as of: 4/8/2013 4:31PM EST Current MBS / Treasury Prices » MBS and Treasury data provided by Thomson Reuters. Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information. Secondary Marketing Managers: If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.