Daily Newsletter: Rates Surge to 1mo Highs; Foreclosures Rise From 6yr Low; Builder Confidence Near 8yr High; Role of Housing in Recession

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

30 Year Fixed 4.59%   +0.07 15 Year Fixed 3.75%   +0.05 10YR Treasury 2.76%   +0.0510 FNMA 30YR 3.5 99.59   -0.50 FNMA 15YR 2.5 102.22   -0.31 View Today's Rates

Thursday August 15, 2013 Mortgage Rate Watch - 5:12PM Mortgage Rates Surge to Highest Levels in Over a Month Mortgage rates rose sharply today , after the large batch of economic data did nothing to suggest the Fed will move any slower to reduce their asset purchases. The risk for this sort ... MND NewsWire - 11:14AM Foreclosures Rise from 6yr Low; Judicial Backlog-Clearing Blamed Foreclosure activity accelerated slightly in July rising off of the 78 month low it reached in June, RealtyTrac said today. There were 130,888 foreclosure filings - including default ... MND NewsWire - 12:00PM Builder Confidence Bucks Housing Data Trends; Near 8-yr High Builder confidence has set another recent benchmark, hitting the highest point on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) in nearly eight ... MND NewsWire - 1:28PM Avoiding a Double Dip Recession May be up to Housing In its August Economic and Housing Market Outlook Freddie Mac celebrates, sort of, a birthday. It was four years, at the end of June, since the recession officially ended. But four ... HUD Weighs in on Eminent Domain; Berkshire Buys More of Wells; Will QM=QRM? Rising Rates Unlikely to Affect Purchase Mortgages, Refinancing a Different Story CFPB Updates Financial Institution Exam Procedures MBS RECAP: Data Delivers on Promise of Volatility Falling Mortgage Debt Offsets Rise in Consumer Debt Latest Video Rough day on Wall Street Headwinds facing home builders? Home builder sentiment up 3 points More News from 'Around the Web' www.cfpbmonitor.com - 5:11PM CFPB rules: Enforcement may be heating up as the industry awaits formal guidance CFPB - 3:25PM CFPB Releases Second Update Of Exam Procedures For Mortgage Rules DataQuick - 2:39PM July Bay Area Home Sale Press Release CNBC - 2:38PM Overdevelopment widens Florida sinkhole problem www.cfpbmonitor.com - 2:38PM Revised QRM Rule may contain good and bad news Bloomberg - 2:38PM Merkel Says EU Debt Crisis Isn't Over in Election Rally Speech - Bloomberg CNBC - 2:35PM Santelli: How to really read the confidence reports Market Watch - 1:46PM Fed tapering: The math investors need to know www.corelogic.com - 1:14PM CoreLogic Releases August MarketPulse Report WSJ - 1:13PM Fed's Bullard Says Impact of Easy Money Remains a Concern CNBC - 1:12PM Market looking like 2007: Economist Washington Post - 1:11PM This chart might make you feel better about American inequality CNBC - 11:34AM Stocks tumble, scared by interest spike WSJ - 11:08AM Report: Half of All Homes Are Being Purchased With Cash Washington Post - 11:07AM Five facts about household debt in the United States Bloomberg - 11:05AM Ellie Mae 26% Bump Seen as Tech Meets Housing CNBC - 11:05AM Fed's Bullard: No bubble trouble NAHB - 10:38AM NAHB: Builder Confidence Rises Three Points in August CNBC - 10:09AM Home builders: Best in years and getting better freddiemac.mwnewsroom.com - 10:09AM Freddie Mac: Mortgage Rates Hold Today's Comments MND NewsWire - 3:47PM "Looks like around 35% of current loans are in the 5% to 7% range. Between those that are delinquent, credit challenged, income challenged, and equity deficient, I'm not going to plan on writing lots of refis anytime soon!..." MBS Commentary - 8:23AM "The 1994 comparison is pretty amazing. Great job Matt...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.59% +0.07 15 Yr FRM 3.75% +0.05 FHA 30 Year Fixed 4.28% +0.03 Jumbo 30 Year Fixed 4.63% +0.08 5/1 Yr ARM 3.26% +0.02 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 4.61% 0.42 +0.03 15 Yr. Fixed 3.66% 0.43 -0.01 30 Yr. Jumbo 4.64% 0.34 +0.00 30 Yr. FHA 4.33% 0.26 +0.03 5/1 ARM 3.39% 0.37 +0.00 Freddie Mac ** 30 Yr. Fixed 4.40% 0.70 +0.00 15 Yr. Fixed 3.44% 0.60 +0.01 1 Yr. ARM 2.67% 0.40 +0.05 5/1 Yr. ARM 3.23% 0.50 +0.04 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 95.50 -0.50 30YR FNMA 3.5 99.59 -0.50 30YR GNMA 3.0 96.33 -0.55 30YR GNMA 3.5 100.59 -0.53 15YR FNMA 3.0 102.22 -0.31 15YR FNMA 2.5 98.98 -0.45 Treasuries Yield Change 2 YR 0.3462% +0.0162 5 YR 1.5178% +0.0461 10 YR 2.7627% +0.0510 30 YR 3.8059% +0.0580 Prices as of: 8/15/2013 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.