Daily Newsletter: Purchase Applications Hit 10 Month High; Homebuilder Confidence Improves; Foreclosure Bottleneck Hurts Delinquency Rate

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

30 Year Fixed 3.68%   +0.01 15 Year Fixed 2.84%   +0.01 10YR Treasury 1.95%   -0.0331 FNMA 30YR 3.5 105.19   +0.02 FNMA 15YR 2.5 105.05   +0.09 View Today's Rates

Wednesday May 15, 2013 MND NewsWire - 1:05PM Purchase Applications Hit 10 Month High The percentage of loans originated for purchasing homes increased again in April , the third consecutive month they have done so. According Ellie Mae's Origination Insight Report for ... MND NewsWire - 9:15AM Foreclosure Bottleneck Artificially Raising Delinquency Rate - Transunion WIs it possible that the sluggishness of the foreclosure pipeline is actually camouflaging low mortgage delinquency rates ? TransUnion raised the possibility yesterday in a presentation ... MND NewsWire - 12:49PM Increased Sense of Urgency Amongst Home Buyers Sends Builder Confidence Higher Builder confidence has perked up again. After dropping three points in April to 41, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rebounded ... MND NewsWire - 3:37PM After 5-Year Pause FHFA Issues Executive Compensation Rule The Federal Housing Finance Agency ( FHFA ) published an interim final rule in the Federal Register on Tuesday which may mean that the long drawn-out saga over compensation for executives ... Mortgage Rates Unchanged To Slightly Higher MBS RECAP: Plenty of Volatility, But Yesterday's Lows Defended Foreclosure Prevention Outnumbered Foreclosures 2 to 1 in First Quarter Credit Unions Plan on Scaling Back non-QM Mortgages Realtors Briefed on Short Sale and Foreclosure Valuation Improvements Is The Housing Rally For Real? Panic Locks; a Primer on Texas Cash Out Refis LPS Announces new Tool for Fannie Mae's SMDU Interface Realtors Hear From Cordray and Others on Federal Involvement Post Crisis Mortgage Applications Fall in Face of Rising Rates Latest Video Fisher: Three Stages of the Fed NAHB May Sentiment Index 44 Fed Feeling 'Fat, Dumb and Happy': Pro More News from 'Around the Web' WSJ - 4:17PM Is Generation Y a 'Game Changer' for Housing? Bloomberg - 4:01PM California Median Home Price Passed $400000 Last Month - Bloomberg DataQuick - 2:04PM April Bay Area Home Sale Press Release WSJ - 2:03PM Housing Index Posts Record April Jump CNBC - 1:54PM Bond 'Death' Cross? Why Yields May Fall Below 1% Realtor.Org - 12:55PM New Lawmakers Mean New Challenges on Home Ownership House Financial Services - 12:54PM Oversight and Investigations Subcommittee Continues Review of 'Too Big to Fail' Google News - 1:56PM "30 Under 30" Realtors® Embark on New Era of Real Estate www.aei-ideas.org - 2:00PM Will the Fed cause a 1994-style bond market selloff? The Huffington Post - 4:17PM Owner To Tenants: Pay Mid-Lease Rent Increase, Or Face Eviction In 2 Weeks www.lpsvcs.com - 10:26AM LPS' WIT Interfaces With Fannie Mae's Servicing Management Default Underwriter CNBC - 10:24AM Home Builder Confidence Tops Forecast in May Google News - 10:20AM Short Sale Approval and Valuation Issues Continue to Impact Housing Market CNBC - 9:24AM Why Rising Rates are Rattling the Mortgage Market Bloomberg - 7:45AM Deutsche Bank Unit Loses Bid to Dismiss Mortgage Suit CNBC - 7:42AM Man Who Coined 'Grexit' Says Not Much Has Changed Bloomberg - 1:57PM Pimco Attracted Deposits of $52 Billion in First Quarter - Bloomberg CNBC - 10:21AM Longer Benefits Keep People Jobless? Maybe Not Today's Comments Pipeline Press - 5:20AM "Debt forgiveness is a fantastic thing for many people, as it means less than the whole of a debt has been compensated though the debt has been satisfied. However, it's considered taxable income and the mistake of a debt forgiveness tax break for foreclosures or short sales of homes is set to bite some..." MBS Live Chat - 11:53AM "REPRICE : 11:53 AM - PennyMac Worse..." MBS Live Chat - 12:39PM "I was going to say earlier that today's MBS chart was going to end up looking like a staircase........." MBS Live Chat - 12:27PM "REPRICE : 12:27 PM - Flagstar Worse..." MBS Live Chat - 12:35PM "REPRICE : 12:35 PM - NYCB Worse..." MBS Live Chat - 12:36PM "REPRICE : 12:36 PM - Interbank Worse..." MBS Live Chat - 12:42PM "REPRICE : 12:42 PM - Everett Financial Worse..." MBS Live Chat - 12:42PM "REPRICE : 12:42 PM - Provident Funding Worse..." MBS Live Chat - 1:22PM "REPRICE : 1:22 PM - PHH Worse..." MBS Live Chat - 1:39PM "REPRICE : 1:39 PM - Wells Fargo Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.68% +0.01 15 Yr FRM 2.84% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.77% +0.00 5/1 Yr ARM 3.01% -0.01 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 3.67% 0.41 +0.08 15 Yr. Fixed 2.88% 0.31 +0.07 30 Yr. Jumbo 3.87% 0.25 +0.08 30 Yr. FHA 3.43% 0.16 +0.08 5/1 ARM 2.55% 0.23 +0.02 Freddie Mac ** 30 Yr. Fixed 3.42% 0.70 +0.07 15 Yr. Fixed 2.61% 0.70 +0.05 1 Yr. ARM 2.53% 0.40 -0.03 5/1 Yr. ARM 2.58% 0.50 +0.02 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 3.0 102.63 +0.09 30YR FNMA 3.5 105.19 +0.02 30YR GNMA 3.0 104.08 +0.03 30YR GNMA 3.5 107.17 -0.02 15YR FNMA 3.0 105.05 +0.09 15YR FNMA 2.5 103.53 +0.03 Treasuries Yield Change 2 YR 0.2412% -0.0078 5 YR 0.8330% -0.0242 10 YR 1.9452% -0.0331 30 YR 3.1652% -0.0304 Prices as of: 5/15/2013 4:32PM 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.