Daily Newsletter: Fed Includes Mortgage Rates in Policy Statement; Eminent Domain is Here; Refi and Purchase Apps Fall; Rates Hold After Volatile Day

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

30 Year Fixed 4.48%   +0.00 15 Year Fixed 3.67%   +0.00 10YR Treasury 2.59%   -0.0187 FNMA 30YR 3.5 100.84   +0.19 FNMA 15YR 2.5 102.86   +0.14 View Today's Rates

Wednesday July 31, 2013 MBS Commentary - 5:49PM MBS RECAP: FOMC Trumps Econ Data; Mortgage Rates Mentioned in Statement MBS Live : MBS Afternoon Market Summary The Fed is to be applauded for mentioning mortgage rates in today's official Announcement in an unprecedented way. While the Fed is the very ... MND NewsWire - 10:22AM Eminent Domain No Longer Theoretical; Critics Warn of Repercussions Months after other cities quietly dropped similar plans the city of Richmond, California yesterday quietly moved to buy 624 residential mortgages in its low income neighborhoods, possibly ... MND NewsWire - 9:00AM Refinancing Down 55 Percent from Recent Peak Refinancing continued its slide during the week ended July 26 and mortgage application volume overall declined the Mortgage Bankers Association (MBA) said this morning. MBA reported ... Mortgage Rate Watch - 4:56PM Volatile Day Leaves Mortgage Rates Largely Unchanged Mortgage rates are deceptively unchanged here at the end of the trading day, but that was far from the case this morning. Rates were significantly higher earlier today rising from yesterday ... Differences Between Past and Current FOMC Statements FHA "Solvency" Bill Goes to Full Senate Eminent Domain Embraced by California City; No Mel Watt Vote until September; Libor Lawsuits GSEs Waiting on CFPB Before Publishing Standardized Data Requirements Multi-Family Belle of the Commercial Lending Ball Home Prices Back to Spring 2004 Levels - Case-Shiller Foreclosures Increase Again in June - CoreLogic Latest Video Rising rates: Impact on housing Reactions to Fed statement Have Homebuilders Passed the `Sweet Spot' More News from 'Around the Web' Bloomberg - 5:50PM Fannie Mae Obtains Insurance on $5 Billion Pool of Mortgages - Bloomberg CNBC - 4:40PM Fed's Raskin to be named Treasury deputy WSJ - 4:37PM California City Readies Controversial Loan-Seizure Program www.corelogic.com - 4:36PM CoreLogic Reports 55,000 Completed Foreclosures in June PR Newswire - 4:33PM Fannie Mae Releases June 2013 Monthly Summary Fannie Mae - 4:33PM Fannie Mae Releases June 2013 Monthly Summary | Fannie ... CNBC - 3:20PM Watch Art Cashin: Federal Reserve 'chickened out' WSJ - 3:00PM FOMC: Inflation Persistently Below 2% Objective Poses Risks - Wall Street Journal Reuters - 1:06PM Obama says several candidates for Fed chair: Rep. Israel CRL - 12:43PM Foreclosure Counseling: Areas of Greatest Need in 2013 CNN - 12:38PM Top 10 consumer complaints (guess who's not on the list) Bloomberg - 12:04PM FHA Solvency Legislation Advanced by Senate Banking Committee - Bloomberg CNBC - 12:03PM Slow growth aside, jobs data suggest improvement www.aei.org - 10:58AM Housing finance reform: Fool me once shame on you, fool me twice shame on me WSJ - 10:25AM Economists React: Better GDP, but Trend Still Sluggish CNBC - 10:09AM Jobs or GDP? To Fed policy, there can only be one CNBC - 10:05AM Midwest business activity picks up www.treasury.gov - 10:04AM Mark Your Calendars: Treasury Expects To Hold First Floating Rate Note Auction In January 2014 www.easyir.com - 8:50AM TransUnion Study: Credit Card Payment Patterns Can Foretell Future Delinquencies on Other Loans CNBC - 8:47AM Mortgage apps down for 7th week Today's Comments MND NewsWire - 2:20PM "maybe it is just me, but i'm up to my eyebrows with "enhancements', "improvements", suggestions and mandates by a congress that is unable to tie their shoes. I say leave FHA alone, seems they are pretty good at balancing their books over the past 80+years, certainly better than most of our government..." MBS Live Chat - 3:14PM "we rarely re-price for the better this late in the day but got one today...." Community Commentary - 4:46PM "Treasury and agency mortgage-backed securities; delicious Ding Dongs; survival gear for apocalypse created by rising rates ^^^^^ I'll take that as my winning statement..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.48% +0.00 15 Yr FRM 3.67% +0.00 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.52% -0.01 5/1 Yr ARM 3.25% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.80% 1.17 -0.23 30 Yr. Fixed 3.58% 1.37 -0.19 MBA ** 30 Yr. Fixed 4.58% 0.38 +0.00 15 Yr. Fixed 3.67% 0.40 +0.04 30 Yr. Jumbo 4.64% 0.39 -0.02 30 Yr. FHA 4.30% 0.31 +0.02 5/1 ARM 3.39% 0.40 +0.09 Freddie Mac ** 30 Yr. Fixed 4.31% 0.80 -0.06 15 Yr. Fixed 3.39% 0.80 -0.02 1 Yr. ARM 2.65% 0.40 -0.01 5/1 Yr. ARM 3.16% 0.70 -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 97.03 +0.28 30YR FNMA 3.5 100.84 +0.19 30YR GNMA 3.0 97.97 +0.31 30YR GNMA 3.5 101.84 +0.28 15YR FNMA 3.0 102.86 +0.14 15YR FNMA 2.5 99.89 +0.19 Treasuries Yield Change 2 YR 0.3128% -0.0039 5 YR 1.3864% -0.0016 10 YR 2.5857% -0.0187 30 YR 3.6429% -0.0267 Prices as of: 7/31/2013 4:30PM 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.