Daily Newsletter: Half of Friday's MBS Losses Recovered; Rates Bounce Back; CFPB Rules Readiness Guide

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

30 Year Fixed 4.63%   -0.10 15 Year Fixed 3.75%   -0.08 10YR Treasury 2.64%   -0.0892 FNMA 30YR 3.5 99.89   +0.94 FNMA 15YR 2.5 102.14   +0.59 View Today's Rates

Monday July 8, 2013 MBS Commentary - 5:04PM MBS RECAP: Half of Friday's Losses Recovered MBS Live : MBS Afternoon Market Summary On a trading day with no meaningful data or events, bond markets went calmly about their business--picked up at least half the pieces from Friday ... Mortgage Rate Watch - 5:21PM Mortgage Rates Bounce Back Modestly Mortgage rates recovered roughly one third of the ground lost on Friday, though this varies from lender to lender. For the sake of perspective, today's improvement was one of the 3 ... MND NewsWire - 2:34PM Dodd-Frank Mortgage Rules Readiness Guide -CFPB The Consumer Financial Protection Bureau's (CFPB's) Dodd-Frank Mortgage Rules Readiness Guide is now available to assist lending institutions evaluate whether they are ready for the ... MND NewsWire - 1:41PM Rising Prices, Rates Could Force Some Buyers off Fence Americans participating in Fannie Mae's National Housing Survey were apparently not caught unawares by the recent spike in mortgage interest rates. The share of those participating ... Improving Markets List Shrinks; Mortgage Rates 'Very Favorable' Biggest Drop for Mortgage Delinquencies Since 2002 The MBA's Work on APOR and Margin Best Practices; Lawsuits; Return of Long Locks MBS MID-DAY: Friday PM Weakness Erased; AM Weakness, Not so Much The Week Ahead: FOMC Minutes And Treasury Auctions Do's and Don't's For a Smooth Mortgage Process: Part 6 Among The Worst Days in Mortgage Rate History Steepest Losses in Modern MBS History CFPB Update; Investor Updates - Time to Sell Stock? Rates Rise on Unemployment Data Latest Video Rising Home Prices Help Borrowers Santelli's Midday Bond Report Higher Rates Hamper Housing Recovery? More News from 'Around the Web' Bloomberg - 6:35PM Valley National Bank CEO Lipkin Elected New York Fed Director CNBC - 4:31PM FDIC to Tighten Capital Screws on Banks CNBC - 4:27PM U.S. Consumer Credit Up $19.6 Billion to $2.8 Trillion in May, Biggest Increase in a Year Bloomberg - 2:42PM Fed Says a Few Dealers Report Deterioration in MBS Market - Bloomberg Bloomberg - 2:00PM Fed Taper Would Swap Stimulus for U.S. Market Stability: Economy - Bloomberg CNBC - 1:41PM No Bubble-Like Housing Boom Now: Former Pulte CEO FHFA - 12:40PM FHFA: Refinance Volume Remains High In April Due to Low Interest Rates www.treasury.gov - 10:52AM System Taking Shape to Assign IDs for Financial Market Participants www.lpsvcs.com - 10:40AM LPS' May Mortgage Monitor: Largest Year-to-Date Drop in Delinquencies in 11 Years NAHB - 10:25AM 255 Metros Listed as Improving Housing Markets in July CNN - 8:41AM Chinese buyers flood U.S. housing market Today's Comments MBS Commentary - 2:40PM "How about "Friday, bloody Friday"?..." MBS Live Chat - 2:12PM "REPRICE : 2:12 PM - Stearns Lending Better..." MBS Live Chat - 2:11PM "REPRICE : 2:11 PM - Chase Better..." MBS Live Chat - 2:04PM "REPRICE : 2:04 PM - Wells Fargo (retail) Better..." MBS Live Chat - 12:16PM "80% of my business is new construction and i'm already having to restructure deals due to DTI..." MBS Live Chat - 10:43AM "which fannie 30yr coupon are we watching 4.0 or 4.5?..." MBS Live Chat - 10:43AM "4.0s..." MBS Commentary - 12:41AM "Floaters' Farewell Friday; End of an Era Friday; Formerly a Loan Officer Friday...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.63% -0.10 15 Yr FRM 3.75% -0.08 FHA 30 Year Fixed 4.45% -0.11 Jumbo 30 Year Fixed 4.73% -0.05 5/1 Yr ARM 3.22% -0.03 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% 0.43 +0.12 15 Yr. Fixed 3.64% 0.44 +0.09 30 Yr. Jumbo 4.68% 0.38 +0.16 30 Yr. FHA 4.27% 0.44 +0.07 5/1 ARM 3.33% 0.31 +0.27 Freddie Mac ** 30 Yr. Fixed 4.29% 0.70 -0.17 15 Yr. Fixed 3.39% 0.70 -0.11 1 Yr. ARM 2.66% 0.40 +0.00 5/1 Yr. ARM 3.10% 0.70 +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 95.94 +1.02 30YR FNMA 3.5 99.89 +0.94 30YR GNMA 3.0 96.81 +1.17 30YR GNMA 3.5 100.70 +1.16 15YR FNMA 3.0 102.14 +0.59 15YR FNMA 2.5 99.16 +0.73 Treasuries Yield Change 2 YR 0.3631% -0.0357 5 YR 1.5075% -0.0986 10 YR 2.6413% -0.0892 30 YR 3.6410% -0.0623 Prices as of: 7/8/2013 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.