Daily Newsletter: Rates Hit 15 Month Highs After Jobs Report; Housing Scorecard; Fed's Next Move Still Foggy; Borrower Do's and Don't's

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

30 Year Fixed 4.05%   +0.04 15 Year Fixed 3.17%   +0.03 10YR Treasury 2.18%   +0.0985 FNMA 30YR 3.5 103.19   -0.44 FNMA 15YR 2.5 103.80   -0.17 View Today's Rates

Friday June 7, 2013 Mortgage Rate Watch - 5:19PM Mortgage Rates Hit New 15 Month Highs After Jobs Report Mortgage rates rose today. They rose no more or less than any other "fairly bad" day in the history of mortgage rates, but at this particular point in history, they were already at ... MND NewsWire - 6:56PM Home Equity Grew by $815 bln in Q1 - Housing Scorecard The U.S. Department of Housing and Urban Development ( HUD ) and the U.S. Department of the Treasury today released the May edition of the Obama Administration's Housing Scorecard ... MND NewsWire - 1:51PM Payrolls Report Changes Nothing About Fed's Next Move Today's payrolls numbers had a chance to give clear pause to near-term tapering prospects, IF it had been weak enough. It similarly had a chance to suggest tapering might even make ... Community Commentary - 7:46PM Do's and Don't's For a Smooth Mortgage Process: Part 2 We could all use a little comedy considering the recent rise in rates . But delays in the loan process are no laughing matter, costing you more and more as rates rise (even if you lock ... Genworth Job Cuts; Flood Insurance Across the Nation; Recent Disparate Impact Cases; CFPB Employees Unionize MBS RECAP: Despite Outperformance, MBS Still Crushed By NFP Credit Access For Less Secure Borrowers Central to Housing Finance Reform Homeowners Continue Shorten Loan Terms, Saving Billions Lower Credit Borrowers and Older Loans Buoy Prepayment Speeds Wells Fargo to Revise REO Maintenance Guidelines, Pay Millions to Hard-Hit Neighborhoods Latest Video U.S. Jobs Report, Housing Market and Fed Outlook Jobs Report Ignites Fed Debate Is Jobs Number 'Too Good?' More News from 'Around the Web' OCC - 2:33PM Independent Foreclosure Review Payments Near $2.4 Billion CNBC - 2:33PM Housing Investors Cool on Buy-to-Rent Model CFPB - 2:33PM CFPB: Should I use a home equity loan to refinance my student loans? WSJ - 12:18PM Five Takeaways From Jobs Report CNBC - 12:03PM How Home Ownership Causes Unemployment CNBC - 10:22AM US Jobs Data Keeps 'Taper' Talk Alive economix.blogs.nytimes.com - 10:22AM Economix Blog: The Sequester Starts to Show www.nytimes.com - 10:22AM Off the Charts: Census Reports Home Construction Has Improved The Big Picture - 9:51AM How Another Housing Bubble Was Blown … And Why CNBC - 3:58PM Consumer Credit Up Less Than Forecast Bloomberg - 3:58PM US Bond Funds Suffer Second-Most Redemptions Since 1992 - Bloomberg Bloomberg - 1:55PM Bulk of US Payroll Gain in Jobs Paying Less-Than-Average Wages - Bloomberg freddiemac.mwnewsroom.com - 1:53PM Freddie Mac Receives "Above Average" Commercial Loan Master Servicer Ranking From Standard & Poor's CNBC - 1:53PM For Some Investors, Fed Can Start Tapering NOW Bloomberg - 12:08PM Lehman Brokerage Customers on Track to Get 100 Percent - Bloomberg Washington Post - 12:09PM The jobs report was pretty solid. So why aren't wages rising? Today's Comments MND NewsWire - 9:28PM "Not to mention that with all the LLPA hits built into our rate sheets now, the more equity consumers have, the better rate/pricing they are going to get down the road if they refi again. There needs to be an MBS Live report done on how many thousands of dollars the MBS literate originating community..." MBS Live Chat - 10:05AM "What causes the major jumps an drops?/ + 6 ticks in one jump is it low volume? or large purchase amounts?..." MBS Live Chat - 10:06AM "Good question Noah. Sometimes it can just be market-making, as buyers and sellers quotes have an effect on the price feed in addition to trades. If a buyers is throwing out a lowball bid or seller throwing out a high offer price, we can see jumps...." MBS Live Chat - 9:39AM "REPRICE : 9:39 AM - Wells Fargo Worse..." MBS Live Chat - 10:10AM "sheets about .25 worse than yesterday's last one..." MBS Live Chat - 12:06PM "REPRICE : 12:06 PM - Flagstar Worse..." MBS Live Chat - 12:12PM "REPRICE : 12:12 PM - Chase Worse..." MBS Live Chat - 1:59PM "REPRICE : 1:59 PM - Flagstar Worse..." MBS Live Chat - 2:00PM "2nd round for Flag..." MBS Live Chat - 2:14PM "REPRICE : 2:14 PM - Plaza Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.05% +0.04 15 Yr FRM 3.17% +0.03 FHA 30 Year Fixed 3.60% +0.06 Jumbo 30 Year Fixed 4.25% +0.03 5/1 Yr ARM 2.91% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.03% 0.84 +0.07 30 Yr. Fixed 3.77% 1.20 +0.03 MBA ** 30 Yr. Fixed 3.90% 0.39 +0.12 15 Yr. Fixed 3.10% 0.30 +0.14 30 Yr. Jumbo 4.07% 0.27 +0.14 30 Yr. FHA 3.62% 0.27 +0.09 5/1 ARM 2.60% 0.24 +0.00 Freddie Mac ** 30 Yr. Fixed 3.91% 0.70 +0.10 15 Yr. Fixed 3.03% 0.70 +0.05 1 Yr. ARM 2.58% 0.40 +0.04 5/1 Yr. ARM 2.74% 0.50 +0.08 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 3.0 100.02 -0.70 30YR FNMA 3.5 103.19 -0.44 30YR GNMA 3.0 101.36 -0.72 30YR GNMA 3.5 104.50 -0.64 15YR FNMA 3.0 103.80 -0.17 15YR FNMA 2.5 101.69 -0.34 Treasuries Yield Change 2 YR 0.3057% +0.0161 5 YR 1.0971% +0.0890 10 YR 2.1754% +0.0985 30 YR 3.3378% +0.0992 Prices as of: 6/7/2013 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.