Daily Newsletter: Delinquency Rate Hits Post Housing Crisis Low for Freddie Mac; Mortgage Rates Finally Level Off Despite Market Volatility

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

30 Year Fixed 3.81%   +0.00 15 Year Fixed 2.97%   +0.00 10YR Treasury 2.01%   -0.0086 FNMA 30YR 3.5 104.56   -0.05 FNMA 15YR 2.5 104.53   -0.05 View Today's Rates

Friday May 24, 2013 MND NewsWire - 10:42AM Delinquency Rate Hits Post Housing Crisis Low for Freddie Mac Freddie Mac said today that its total mortgage portfolio i ncreased by $951 million in April to $1.949 trillion , an increase of 0.6 percent. This was the second straight month the ... Pipeline Press - 10:03AM Government Furlough Days; H.R. 1077's Impact on QM And 3% Limit; MBA on GSE risk sharing T he IRS, furlough days, and the possible impact on 4506 transcript processing . I first heard about it through a Mountain West Financial e-mail: "The IRS announced the first 5 furlough ... Mortgage Rate Watch - 2:47PM Mortgage Rates Hold Steady Ahead of 3-Day Weekend Mortgage rates finally paused their relentless push higher today, holding at unchanged levels compared to yesterday's latest rate sheets on average. Some lenders were slightly better ... MBS Commentary - 4:31PM MBS RECAP: Technically an Early Close, but Buyers Never Showed Up MBS Live : MBS Afternoon Market Summary After a morning fraught with volatility, MBS finally bounced just after the noon hour. Even then, such a bounce wasn't really indicative of much ... MBS MID-DAY: Negative Reprices in the AM: Breakfast of Champions Latest Video The Accidental Landlord Fed Talk Driving Market Action US Durable Goods Up 3.3 Percent More News from 'Around the Web' CNBC - 3:16PM More Evidence Banks Violated Mortgage Pact: NY AG WSJ - 12:54PM Fed's Bullard: ECB May Have to Consider New Stimulus Measures OCC - 12:52PM Independent Foreclosure Review Payments Near $2.3 Billion Bloomberg - 10:47AM Fed's Payments to Treasury Down 36% in 1st Quarter From Year Ago - Bloomberg Reuters - 9:25AM Durable goods orders rise, point to factory sector resilience CNBC - 9:23AM Underwater Borrowers Becoming Accidental Landlords freddiemac.mwnewsroom.com - 8:49AM Freddie Mac Issues Monthly Volume Summary for April 2013 CNBC - 8:08AM Bank's Lobbyists Help in Drafting Bills CNBC - 8:04AM US Stocks Seen Higher on Global Market Turnaround Today's Comments MBS Live Chat - 11:49AM "REPRICE : 11:49 AM - Flagstar Worse..." MBS Live Chat - 11:49AM "MG- nice call on the lock em up at 11:20..." MBS Live Chat - 11:55AM "REPRICE : 11:55 AM - Wells Fargo Worse..." MBS Live Chat - 11:58AM "uw question - i have a self employed with a car payment. He also writes off work mileage. Can i add back mileage... i'm tight on ratios..." MBS Live Chat - 12:01PM "MH a portion of the millage is depreciation, I just found this out recently, so if he takes the per mile deduction, you can add back the depreciation portion of per mile write off. I do not know the exact numbers, but I just learned this was possible the other day..." MBS Live Chat - 12:04PM "MH you can add back "Business Mileage" using the current rate which I can't remember at this point. Somewhere between 20 and 23 cents I think per mile...." MBS Live Chat - 12:05PM "agree to the .23 I think Hugh - Hodge, search mileage in the comments, we were just talking about it a few days ago..." MBS Live Chat - 12:02PM "REPRICE : 12:02 PM - NYCB Worse..." MBS Live Chat - 12:04PM "REPRICE : 12:04 PM - AMC Worse..." MBS Live Chat - 12:58PM "REPRICE : 12:58 PM - Chase Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.81% +0.00 15 Yr FRM 2.97% +0.00 FHA 30 Year Fixed 3.35% +0.00 Jumbo 30 Year Fixed 3.93% +0.01 5/1 Yr ARM 3.02% -0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.96% 0.83 +0.12 30 Yr. Fixed 3.74% 1.06 +0.12 MBA ** 30 Yr. Fixed 3.78% 0.39 +0.11 15 Yr. Fixed 2.96% 0.32 +0.08 30 Yr. Jumbo 3.93% 0.36 +0.06 30 Yr. FHA 3.53% 0.13 +0.10 5/1 ARM 2.60% 0.23 +0.05 Freddie Mac ** 30 Yr. Fixed 3.59% 0.70 +0.08 15 Yr. Fixed 2.77% 0.70 +0.08 1 Yr. ARM 2.55% 0.40 +0.00 5/1 Yr. ARM 2.63% 0.50 +0.01 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 3.0 101.61 -0.06 30YR FNMA 3.5 104.56 -0.05 30YR GNMA 3.0 102.95 -0.06 30YR GNMA 3.5 106.42 -0.08 15YR FNMA 3.0 104.53 -0.05 15YR FNMA 2.5 102.70 -0.14 Treasuries Yield Change 2 YR 0.2513% +0.0048 5 YR 0.8882% -0.0060 10 YR 2.0107% -0.0086 30 YR 3.1754% -0.0152 Prices as of: 5/24/2013 2:06PM 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.