Daily Newsletter: More REO Incentives, This Time $1500 for Realtors; Good News for Refi Demand; Record Decline in Builder Confidence; Rates Slightly Lower

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

30 Year Fixed 4.41%   -0.02 15 Year Fixed 3.42%   -0.02 10YR Treasury 2.71%   -0.0359 FNMA 30YR 3.5 100.89   +0.20 FNMA 15YR 2.5 103.09   +0.13 View Today's Rates

Tuesday February 18, 2014 MND NewsWire - 1:20PM More REO Incentives, This Time $1500 for Realtors Freddie Mac has joined Fannie Mae in offering limited time and location inducements to move sales on its owned real estate (REO). The company today rolled out sets of incentives for ... MND NewsWire - 2:49PM Significant Refinance Potential May Help Mortgage Market in 2014 Using an Olympic theme of " Will Housing Take Gold ", Freddie Mac's economists said today that, while they had expected housing 'to come out of the gate at a good clip at the start ... MND NewsWire - 10:50AM Record Decline in Builder Confidence The National Association of Homebuilders (NAHB) provided a number of explanations for a record drop in the NAHB/Wells Fargo Housing Market Index (HMI) this month. Unusually severe weather ... Mortgage Rate Watch - 3:49PM Mortgage Rates Steady to Slightly Lower Mortgage rates were lower in some cases today, though some lenders merely held steady compared to Friday's latest levels. Mortgage-Backed-Securities, the financial instruments that ... New LO Referral Service; HARP Expansion Update; MBA Comp Survey; Possible HMDA Change Info Remodeling Continues to Increase; Northeast Lags Country MBS Week Ahead: Housing Data and FOMC Minutes Latest Video Borrowing is back: Huge increases in debt Should I borrow from 401k to reduce my mortgage? Home builder blues More News from 'Around the Web' CNBC - 4:14PM Your next home could be in space Washington Post - 4:13PM CBO: Obama's minimum wage plan would cost jobs but help millions Bloomberg - 2:51PM Ex-Jefferies Director Faces Jury in TARP Fraud Case - Bloomberg Market Watch - 1:11PM Home-builder stocks extend losses after weak data CNBC - 11:42AM Foreigners lose taste for US assets CNBC - 11:40AM Household debt surges $241 billion in Q4, biggest increase since 2007: NY Fed www.cfpbmonitor.com - 10:55AM Trade group criticizes CFPB reliance on enforcement and informal guidance blog.hud.gov - 10:54AM HUD's Recovery Act Programs freddiemac.mwnewsroom.com - 10:54AM Will Housing Take Gold? www.gallup.com - 9:22AM U.S. Economic Confidence Holding Steady blog.redfin.com - 9:22AM 2014 Housing Market: Where Is Everyone? NY Fed - 9:14AM February 2014 Empire State Manufacturing Survey indicates business conditions improved marginally for New York manufacturers NY Fed - 9:14AM Home Price Conditions interactive maps and charts updated as of December 2013 Bloomberg - 7:38AM Geographic Gap Marks Mortgage Interest Deduction Benefit: Taxes - Bloomberg CNBC - 7:28AM Bond markets to eye housing, manufacturing data Today's Comments MBS Live Chat - 12:02PM "There are quite a few articles in the knowledge base as well (http://mndne.ws/1cVDYlQ), but of course feel free to ask questions here...." MBS Live Chat - 12:26PM "Following this stuff can feel overwhelming at first (and in some ways, that should continue), but if you explore the knowledge base, read the updates, and ask questions about stuff you don't understand, it's well worth the effort...." MBS Live Chat - 12:27PM "very smart choice becoming a member here..." MBS Live Chat - 12:29PM "best money you will ever spend..." MBS Live Chat - 12:29PM "Some of the sharpest in the biz are on here regularly..." MBS Live Chat - 12:32PM "Can't imagine my job w/o MND..." MBS Live Chat - 12:34PM "Love co-branded newsletters, articles, etc. awesome tool to reach out to your contacts referral base, etc...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.41% -0.02 15 Yr FRM 3.42% -0.02 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.29% -0.03 5/1 Yr ARM 3.25% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.61% 1.06 -0.10 30 Yr. Fixed 4.48% 1.36 -0.10 MBA ** 30 Yr. Fixed 4.45% 0.34 -0.02 15 Yr. Fixed 3.49% 0.25 -0.04 30 Yr. Jumbo 4.40% 0.14 -0.02 30 Yr. FHA 4.13% 0.10 +0.01 5/1 ARM 3.11% 0.31 -0.04 Freddie Mac ** 30 Yr. Fixed 4.28% 0.70 +0.05 15 Yr. Fixed 3.33% 0.70 +0.00 1 Yr. ARM 2.55% 0.40 +0.04 5/1 Yr. ARM 3.05% 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 96.64 +0.22 30YR FNMA 3.5 100.89 +0.20 30YR GNMA 3.0 98.59 +0.27 30YR GNMA 3.5 102.33 +0.16 15YR FNMA 3.0 103.09 +0.13 15YR FNMA 2.5 100.11 +0.13 Treasuries Yield Change 2 YR 0.3025% -0.0122 5 YR 1.4802% -0.0411 10 YR 2.7087% -0.0359 30 YR 3.6760% -0.0192 Prices as of: 2/18/2014 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. © 2014 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.