Daily Newsletter: Realtor Incomes Increase for Third Year; Rates Holding Near 2014 Lows; Inventory Shortage Makes Housing Competitive in 2014; REOs Rising Despite Foreclosure Drop

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

30 Year Fixed 4.16%   -0.02 15 Year Fixed 3.28%   -0.01 10YR Treasury 2.51%   -0.0339 FNMA 30YR 3.5 102.52   +0.34 FNMA 15YR 2.5 103.80   +0.28 View Today's Rates

Tuesday May 20, 2014 MND NewsWire - 12:27PM Realtor Incomes Increase for Third Year; Field Attracting Younger Agents It has been a tough few years for real estate agents but according to information released by the National Association of Realtors (NAR) that appears to be turning around. NAR's 2014 ... Mortgage Rate Watch - 3:37PM Mortgage Rates Still Holding Near 2014 Lows Mortgage rates improved modestly today, making it back in line with Friday's levels. These aren't the very best rates of 2014, but they're close enough to make the following statement ... MND NewsWire - 9:52AM Inventory Shortage Makes for Competitive 2014 Housing Market -Redfin Sales, prices, and inventories all showed some signs of life in April. Redfin said today that median home prices were up in all markets on an annual basis, a national increase of 9 ... MND NewsWire - 10:50AM REO Inventories Rising Even as Foreclosures Drop There are several interrelated factors which have led to a recent increase in the number of bank-owned properties (REO) nationally. While most measures of distress in the mortgage market ... The Current State of Bank and Lender M&A; HUD Approval Process Pause MBS MID-DAY: Bond Markets Back to Positive Territory; MBS Lead the Way Latest Video Where interest rates will be in a year Fed's Dudley: Lower rates, long term Santelli: Always been equity story More News from 'Around the Web' Bloomberg - 4:14PM U.S. Apartment Rents Rise at Fastest Pace Since Recession - Bloomberg WSJ - 4:14PM Dudley: Three Reasons Why Housing's Recovery Will Be Slower Washington Post - 3:23PM Wonkblog: Foreign home-buyers are making housing more expensive. Should cities tax them for it? CNN - 2:19PM 3 reasons interest rates will stay low for years www.aei-ideas.org - 2:16PM Was not massively helping underwater homeowners a massive mistake? CNBC - 1:13PM Fed's Dudley: Prioritize raising rates Reuters - 1:13PM U.S. rejects challenge to $13 billion JPMorgan Chase settlement WSJ - 1:10PM Plosser: Fundamentals of U.S. Housing Market Remain Sound Market Watch - 1:05PM Citi to increase mortgage lending business: report Google News - 10:57AM NAR Member Survey Shows Rise in Realtor® Income and Sales Volume time.com - 10:53AM Nearly 10 Million Mortgaged Homes are Still Underwater CNBC - 10:20AM Stocks start mildly lower; Home Depot disappoints The Big Picture - 10:19AM No, 8 in 10 Manhattan Home Sales Are NOT All-Cash zillow.mediaroom.com - 10:02AM Affordable Homes Three Times More Likely to be Underwater than Expensive Homes Reuters - 8:37AM Stock futures flat after two-day gain; Staples, Home Depot fall CNBC - 8:35AM US bonds hold steady; Fed remains in focus CNBC - 8:34AM The most sought-after homes still underwater Today's Comments MBS Live Chat - 12:57PM "student loans deferred 12 months from app date, closing date or first payment date?..." MBS Live Chat - 12:59PM "I'd say closing. You're going FHA, I assume?..." MBS Live Chat - 1:03PM "RTRS - PLOSSER: U.S. OVERBUILT HOUSING BEFORE CRISIS AND IS RUNNING DOWN INVENTORY NOW..." MBS Live Chat - 1:08PM "pretty sure most homebuilders downsized during and after the crisis and inventory was being reduced until late 2012 early 2013 when we thought we were in an overbuilding dilema...." MBS Live Chat - 1:23PM "big boys passing along whoppers: .125-pt imp...." MBS Live Chat - 1:47PM "Boyfriend and ex girlfriend are on a FHA loan together. Since the FHA loan is assumable, can one of the borrowers assume the terms of the loan and have the other borrower removed from the obligation?..." MBS Live Chat - 1:28PM "plaza improved by almost .30..." MBS Live Chat - 1:51PM "They should be able to assume it, see http://mndne.ws/1lD4Law..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.16% -0.02 15 Yr FRM 3.28% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.95% -0.01 5/1 Yr ARM 3.21% +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 4.39% 0.22 -0.04 15 Yr. Fixed 3.48% 0.12 -0.04 30 Yr. Jumbo 4.29% 0.16 +0.00 30 Yr. FHA 4.09% 0.00 -0.04 5/1 ARM 3.17% 0.24 -0.04 Freddie Mac ** 30 Yr. Fixed 4.20% 0.60 -0.01 15 Yr. Fixed 3.29% 0.60 -0.03 1 Yr. ARM 2.43% 0.50 +0.00 5/1 Yr. ARM 3.01% 0.40 -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 98.45 +0.33 30YR FNMA 3.5 102.52 +0.34 30YR GNMA 3.0 100.28 +0.39 30YR GNMA 3.5 103.59 +0.39 15YR FNMA 3.0 103.80 +0.28 15YR FNMA 2.5 101.25 +0.33 Treasuries Yield Change 2 YR 0.3387% -0.0081 5 YR 1.5097% -0.0362 10 YR 2.5106% -0.0339 30 YR 3.3808% -0.0075 Prices as of: 5/20/2014 4:30PM 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.