Daily Newsletter: Applications, Prices, and Condo Sales Get Second Look; Languishing Existing Home Sales; Housing Distress at 7+ Year Low; Rates Drift Higher

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30 Year Fixed 4.48%   +0.02 15 Year Fixed 3.52%   +0.01 10YR Treasury 2.72%   +0.0054 FNMA 30YR 3.5 100.80   +0.03 FNMA 15YR 2.5 102.75   +0.02 View Today's Rates

Tuesday April 22, 2014 MND NewsWire - 1:57PM Applications, Prices, and Condo Sales Get Second Look Recent postings on CoreLogic's Insights Blog have a couple of different views of some of the housing numbers generally taken at face value by those of us who follow them. Mortgage applications ... MND NewsWire - 11:31AM Existing Home Sales Languishing in 2014 Sales of existing homes were essentially unchanged in March compared to February the National Association of Realtors® (NAR) said today. Home prices continued to increase in March ... MND NewsWire - 10:30AM Measures of Housing Distress at 7+ Year Lows Black Knight Financial Services said today that the mortgage delinquency rate in March was the lowest in the U.S. since October 2007 and the foreclosure rate was the lowest since October ... Mortgage Rate Watch - 2:47PM Mortgage Rates Drift Higher Again Mortgage rates drifted higher for the second straight day despite a relatively flat day for underlying bond markets. Rates pushed into their 2-week highs yesterday, but are still well ... MBS MID-DAY: Quick Move Back to Unchanged After Weaker Morning Non-QM Loan Webinar; TD Bank's No MI Program; New Jumbo Program From ResMac Latest Video Biggest threat to housing March existing home sales drop 0.2% Buy the rumor, sell the news More News from 'Around the Web' www.gallup.com - 3:57PM Retirement Remains Americans' Top Financial Worry Market Watch - 3:18PM Fed's Williams: Current policy on 'right track' rss.nytimes.com - 2:09PM Right Lesson, Wrong Time: Why Economics Failed Us, in 297 Words CNBC - 2:05PM Do the rich rule America? Not really NAHB - 2:05PM New NAHB Publication Shows Builders How to Sell More Homes With Strong Sales and Marketing Plans National Housing Conference - 12:43PM What I like about the attacks on housing finance reform CNBC - 12:42PM Higher prices 'choke' housing CNBC - 11:39AM More woes for American middle class CNBC - 10:23AM Income inequality—hurting the economy? CNBC - 10:23AM US existing home sales sink to near 2-year low Reuters - 10:21AM U.S. existing home sales hit 1-1/2 year low in March blog.redfin.com - 9:50AM Why Aren't There More Homes For Sale? blog.redfin.com - 9:50AM Solar Power is Getting Hotter www.lpsvcs.com - 9:49AM Black Knight Financial Services' "First Look" at March 2014 Mortgage Data phx.corporate-ir.net - 9:49AM MGIC Investment Corporation Reports First Quarter 2014 Results www.gallup.com - 8:50AM U.S. Economic Confidence Stable at -15 The Big Picture - 8:47AM The Rich Buy Real Estate; The Poor Want Gold CNBC - 8:23AM US bond markets await 2-year auction, housing data Today's Comments MBS Live Chat - 12:12PM "How shoudl I classify a duplex on the schedule of REO? Lives in half, rents half. Do I put it in as a rental?..." MBS Live Chat - 12:14PM "Chip its your OOC prop w/ income..." MBS Live Chat - 12:38PM "I have an underwriter that won;t let me use stock options for a Starbucks Manager that has a two year history and they show on his VOE and on his W2s and paystubs when he sells them every year. She says that those are not guaranteed so we can;t count them...." MBS Live Chat - 12:40PM "that is a tough one chip..." MBS Live Chat - 12:42PM "Fannie allows it..." MBS Live Chat - 12:43PM "his W2 income isn't guaranteed either..." MBS Live Chat - 12:43PM "Develop an average income from the last two years (according to the Variable Income section of B3-3.1-01, General Income Information), and use the averaged amount as part of the borrower's qualifying income as long as the borrower provides evidence that he or she owns additional property or assets that..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.48% +0.02 15 Yr FRM 3.52% +0.01 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.25% +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 3.80% 1.10 +0.13 30 Yr. Fixed 4.67% 1.44 +0.13 MBA ** 30 Yr. Fixed 4.47% 0.32 -0.09 15 Yr. Fixed 3.54% 0.24 -0.08 30 Yr. Jumbo 4.39% 0.18 -0.10 30 Yr. FHA 4.14% 0.06 -0.05 5/1 ARM 3.15% 0.41 -0.11 Freddie Mac ** 30 Yr. Fixed 4.27% 0.70 -0.07 15 Yr. Fixed 3.33% 0.60 -0.05 1 Yr. ARM 2.44% 0.50 +0.03 5/1 Yr. ARM 3.03% 0.50 -0.06 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 96.70 0.00 30YR FNMA 3.5 100.80 +0.03 30YR GNMA 3.0 98.55 +0.02 30YR GNMA 3.5 102.08 +0.06 15YR FNMA 3.0 102.75 +0.02 15YR FNMA 2.5 100.08 +0.06 Treasuries Yield Change 2 YR 0.4074% +0.0162 5 YR 1.7393% +0.0200 10 YR 2.7187% +0.0054 30 YR 3.5009% -0.0176 Prices as of: 4/22/2014 4:09PM 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

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