Daily Newsletter: Home Prices and Construction Spending Unfazed By Rising Rates in July; HARP Helps Refi Demand; Rates Higher Today

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

30 Year Fixed 4.68%   +0.09 15 Year Fixed 3.77%   +0.08 10YR Treasury 2.86%   +0.0000 FNMA 30YR 3.5 99.22   0.00 FNMA 15YR 2.5 101.73   0.00 View Today's Rates

Tuesday September 3, 2013 MND NewsWire - 10:59AM Home Prices Unfazed By Rising Rates in July Home prices jumped by 1.8 percent nationally during the month of July. CoreLogic reported that values on its Home Price Index (HPI) which excludes sales of distressed homes, rose in ... MND NewsWire - 4:36PM Residential Construction Spending Stayed Strong in July Construction contributed nearly a trillion dollars to the U.S. economy on a seasonally adjusted annualized basis in July, an increase of 0.6 percent from June and 5.2 percent from July ... MND NewsWire - 1:07PM HARP Demand Prevents Sharper Drop in Prepayments Rising interest rates had apparently not heavily affected prepayment activity and thus, by inference, refinancing through July Lender Processing Services (LPS) said today. The company ... Mortgage Rate Watch - 3:13PM Mortgage Rates Begin Week Higher Mortgage rates moved up to their highest levels since August 22nd today. moving sideways on average. 30yr Fixed rates for the most ideal scenarios ( best-execution ) are still most ... Fannie Mae Portfolio Reduction Picks up Speed Mini-Corr Risks for Brokers; Will Joint Ventures and Affilated Relationships be Banned? Do QM Loans Mean no Lawsuits? The Week Ahead: Jobs Report to Cast Deciding Vote on September Tapering CRL Looks at Spillover from Foreclosures Loan Profits Were Already Down 14 Percent Before July Latest Video ISM best in over 2 years Futures Now: Bonds get busted Markets react on Syrian concerns More News from 'Around the Web' The Atlantic - 4:20PM The Myth of Part-Time America Reuters - 4:17PM Job growth seen accelerating, may cement Fed tapering CNBC - 3:39PM Breaking News from CNBC's Kayla Tausche: JPMorgan, Morgan Stanley Lead Largest-Ever Loan for Verizon Deal Market Watch - 2:59PM S&P says DOJ lawsuit was retaliation to downgrade www.gallup.com - 2:19PM U.S. Economic Confidence Lingers at Lower Level in August www.ourbroker.com - 2:19PM MARS Rule Changing Short Sales & Mortgage Relief CNBC - 2:18PM Obama makes his Syria case to Congress www.cfpbmonitor.com - 1:32PM D.C. Bar hosts presentation on CFPB enforcement priorities FHFA - 12:35PM Refinance Volume Down Slightly in Second Quarter WSJ - 12:03PM Researchers Look at How Greenspan Forged Fed Consensus WSJ - 12:02PM What's the Difference Between Jobless and Unemployed? Reuters - 12:01PM Obama launches push for support on Syria, calls for quick action in Congress CNBC - 12:01PM Boehner backs Obama on Syria CNBC - 11:58AM Larry Summers and the closing of the Obama mind www.lpsvcs.com - 10:34AM LPS' July Mortgage Monitor: Despite Interest Rate Hikes, Origination Volume Remains Stable Bloomberg - 10:32AM Construction Spending in U.S. Climbed in July to Four-Year High - Bloomberg CNBC - 10:31AM Home prices push past rising rates, says report CNBC - 10:31AM Stocks rally at open as immediate Syria worries ease CNBC - 10:31AM ISM manufacturing index drops to 55.7 vs. 54 est; construction spending up 0.6% vs. 0.4% est. www.corelogic.com - 9:32AM CoreLogic Reports July Home Prices Rise by 12.4 Percent Year Over Year Today's Comments MBS Live Chat - 11:25AM "Boehner said he supports the president decision to attack Syria...." MBS Live Chat - 11:30AM "major stock reversal btw in case anyone paying attention..." MBS Live Chat - 11:32AM "Boehner saved us..." MBS Live Chat - 11:34AM "BOEHNER SAYS WILL SUPPORT OBAMA'S CALL FOR ACTION IN SYRIA, BELIEVES COLLEAGUES SHOULD DO THE SAME..." MBS Live Chat - 4:07PM "good loan officers on this site. referral well taken care of and referral source will be very happy. site helps business in many ways...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.68% +0.09 15 Yr FRM 3.77% +0.08 FHA 30 Year Fixed 4.36% +0.09 Jumbo 30 Year Fixed 4.65% +0.08 5/1 Yr ARM 3.21% -0.04 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.44% 0.85 +0.40 30 Yr. Fixed 4.27% 1.09 +0.51 MBA ** 30 Yr. Fixed 4.80% 0.41 +0.12 15 Yr. Fixed 3.84% 0.35 +0.13 30 Yr. Jumbo 4.78% 0.34 +0.04 30 Yr. FHA 4.52% 0.32 +0.12 5/1 ARM 3.50% 0.37 +0.06 Freddie Mac ** 30 Yr. Fixed 4.51% 0.70 -0.07 15 Yr. Fixed 3.54% 0.70 -0.06 1 Yr. ARM 2.64% 0.40 -0.03 5/1 Yr. ARM 3.24% 0.50 +0.03 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 95.02 0.00 30YR FNMA 3.5 99.22 0.00 30YR GNMA 3.0 96.00 0.00 30YR GNMA 3.5 100.25 0.00 15YR FNMA 3.0 101.73 0.00 15YR FNMA 2.5 98.63 0.00 Treasuries Yield Change 2 YR 0.4224% +0.0000 5 YR 1.6836% +0.0000 10 YR 2.8613% +0.0000 30 YR 3.7916% +0.0000 Prices as of: 9/3/2013 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.