Friday, May 30, 2014

Daily Newsletter: Home Price Appreciation Has Peaked; Mortgage Rates up Slightly from 2014 Lows; Brief History of Interest Rate Trends

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30 Year Fixed
4.12%   +0.03
15 Year Fixed
3.26%   +0.01
10YR Treasury
2.48%   +0.0071
FNMA 30YR 3.5
102.97   +0.05
FNMA 15YR 2.5
103.94   +0.05
Friday May 30, 2014
MND NewsWire - 12:25PM
In a poll of 31 property analysts Reuters news agency found consensus that the growth of house prices in the U.S. has peaked and that further increases over the next two years will ...
Mortgage Rate Watch - 3:51PM
Mortgage rates continued slightly higher today. This had more to do with a market-based continuation of yesterday's momentum than it did with any of today's data and events. Lenders ...
MBS Commentary - 7:50AM
For the purposes of this discussion, 'interest rates' refer to mortgage rates and 10yr Treasury yields. Why 10yr yields? I just put together this knowledge base article to answer that ...
Pipeline Press - 10:49AM
"I'm going to retire and live off of my savings. The second day, I have no idea what I'll do." Quips aside, many Americans have no clue about how much money they'll need to fund a financially ...
Pipeline Press - 11:39AM
"What times we live in. GM fails to recall 700k cars which results in 12 deaths and 47 injuries for a chip shot fine of 35mm for the giant automaker, meanwhile the CFPB fines some small AL mortgage outfit for 500k for failing to disclose properly. Something really wrong with that...."
MBS Live Chat - 8:54AM
"so with negative consumption, that doesn't bode well for GDP..not sure where people think this massive rebound is coming from..."
MBS Live Chat - 8:59AM
"It's a mystery to me as well. I think the next 3 to 5 mos will be the most important mos for the economy in awhile. QE ending and the prospect of higher policy rates, expectations of faster jobs and growth, ECB easing (maybe), Japan imploding, and China as a wild card. What can go wrong ?..."
MBS Live Chat - 9:00AM
"the only explanation I have for it, is the talking heads, the economists they speak to are all rich, so things are great for them so they think it is great for everyone..."
MBS Live Chat - 9:01AM
"Definitely a disconnect there, VB...."
MBS Live Chat - 9:13AM
"VB, I think your point is legitimate. When I look at applications each day, your average guy is just struggling to get by. There is not a whole lot of disposable income and when you combine that with the fear of what has happened to our economy over the last 5 years, it is a recipe for caution and lack..."
MBS Live Chat - 10:35AM
"holding 2.47 this morning seems like a decent show of strength after the recent rally. Have to assume the 10YR was/is a tinch overbought..."
MBS Live Chat - 12:28PM
"Awesome news on home appreciation in newstream: "The analysts agreed that further price increases will likely be curbed by tight lending standards, slow wage growth, and a lack of first-time buyers, a group that might be further restrained by those factors."..."
MBS Live Chat - 12:31PM
"Are we nearing positive reprice territory?..."
MBS Live Chat - 12:32PM
"some lenders, possibly. Depends on initial rate sheet time. Closer to the price trough = more possible...."
MBS Live Chat - 12:33PM
"+3 - +4, and holding...maybe..."
Today's Rates
Best Execution
Rate Change
30 Yr FRM 4.12% +0.03
15 Yr FRM 3.26% +0.01
FHA 30 Year Fixed 3.75% +0.00
Jumbo 30 Year Fixed 3.93% +0.02
5/1 Yr ARM 3.24% +0.00
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 4.31% 0.15 -0.02
15 Yr. Fixed 3.42% 0.06 -0.01
30 Yr. Jumbo 4.23% 0.16 -0.01
30 Yr. FHA 4.04% -0.45 -0.02
5/1 ARM 3.13% 0.19 -0.01
Freddie Mac **
30 Yr. Fixed 4.12% 0.60 -0.02
15 Yr. Fixed 3.21% 0.50 -0.04
1 Yr. ARM 2.41% 0.40 -0.02
5/1 Yr. ARM 2.96% 0.30 +0.00
* 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 98.91 +0.02
30YR FNMA 3.5 102.97 +0.05
30YR GNMA 3.0 100.66 +0.09
30YR GNMA 3.5 103.91 +0.06
15YR FNMA 3.0 103.94 +0.05
15YR FNMA 2.5 101.59 -0.02
Treasuries
Yield Change
2 YR 0.3750% -0.0039
5 YR 1.5391% +0.0098
10 YR 2.4750% +0.0071
30 YR 3.3253% -0.0033
Prices as of: 5/30/2014 4:32PM EST
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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Thursday, May 29, 2014

Daily Newsletter: Mortgage Rates Higher After Mid-Day Volatility; Pending Sales Miss Expectations; Firm Fined for Steering to Affiliate; Fannie Short Sale Changes

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30 Year Fixed
4.09%   +0.01
15 Year Fixed
3.25%   +0.00
10YR Treasury
2.47%   +0.0248
FNMA 30YR 3.5
102.92   -0.31
FNMA 15YR 2.5
103.89   -0.22
Thursday May 29, 2014
Mortgage Rate Watch - 3:49PM
Mortgage rates began the day in even better shape than yesterday, but market volatility prompted most lenders to raise rates in the afternoon . That leaves today's rate sheets in just ...
MND NewsWire - 10:02AM
Pending home sales in April rose above those in the previous period for the second month in a row. The National Association of Realtors® said that contract signings in April increased ...
MND NewsWire - 1:47PM
RealtySouth, the largest real estate firm in Alabama, was ordered to pay a half-million dollar penalty this week for failing to provide consumers with adequate transaction disclosures ...
MND NewsWire - 1:31PM
Real estate agents will soon be able to negotiate terms of a short sale directly with Fannie Mae rather than communicating through servicers. This is one of the improvements the company ...
MBS Live Chat - 1:37PM
"Thanks MBS Live. Your most recent alert helped me beet a reprice worse by about 5 minutes...."
MBS Live Chat - 1:52PM
"What's with the sudden plummet? Profit taking? Our company just shut down our lock desk..."
MBS Live Chat - 1:58PM
"Hey Chip, My only worthwhile thought with the bounce is the stuff about there being "room" to move higher in rate while still remaining in low territory overall. The part in the last 2 alerts about 2.47% 10yr yields is kinda the thesis there. Beyond that, it's just sort-of the nature of the beast that..."
MBS Live Chat - 2:01PM
"thankfully, I don't foresee rates moving 1% higher by early July this year...."
MBS Live Chat - 2:02PM
"Can't relive that? That was a good time last year...."
MBS Live Chat - 2:07PM
"lock or float it out?..."
MBS Live Chat - 2:08PM
"just depends on the time frame of your outlook. Bigger picture, not much reason to freak out moving up to 2.45. All we can really advise on is intraday risk, which is high. Longer term, no way to know, but the trend is certainly still technically your friend. The catch is that your clients could lose..."
Today's Rates
Best Execution
Rate Change
30 Yr FRM 4.09% +0.01
15 Yr FRM 3.25% +0.00
FHA 30 Year Fixed 3.75% +0.00
Jumbo 30 Year Fixed 3.91% +0.01
5/1 Yr ARM 3.24% -0.01
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 4.31% 0.15 -0.02
15 Yr. Fixed 3.42% 0.06 -0.01
30 Yr. Jumbo 4.23% 0.16 -0.01
30 Yr. FHA 4.04% -0.45 -0.02
5/1 ARM 3.13% 0.19 -0.01
Freddie Mac **
30 Yr. Fixed 4.12% 0.60 -0.02
15 Yr. Fixed 3.21% 0.50 -0.04
1 Yr. ARM 2.41% 0.40 -0.02
5/1 Yr. ARM 2.96% 0.30 +0.00
* 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 98.89 -0.31
30YR FNMA 3.5 102.92 -0.31
30YR GNMA 3.0 100.56 -0.39
30YR GNMA 3.5 103.84 -0.38
15YR FNMA 3.0 103.89 -0.22
15YR FNMA 2.5 101.61 -0.17
Treasuries
Yield Change
2 YR 0.3789% +0.0078
5 YR 1.5293% +0.0481
10 YR 2.4679% +0.0248
30 YR 3.3286% +0.0361
Prices as of: 5/29/2014 4:30PM EST
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
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.