Daily Newsletter: Generation R for Homeownership; California Sales Dip, Prices Don't; Mortgage Rates Slightly Higher This Week

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

30 Year Fixed 4.23%   +0.03 15 Year Fixed 3.36%   +0.03 10YR Treasury 2.60%   +0.0019 FNMA 30YR 3.5 102.00   -0.02 FNMA 15YR 2.5 103.53   -0.09 View Today's Rates

Friday June 13, 2014 MND NewsWire - 3:10PM When it Comes to Home-Ownership, Millennials could be "Generation R" A whole generation of young Americans seem to have adopted a set of priorities quite different from those of their elders. Millennials or Generation Y, those Americans born between ... MND NewsWire - 12:42PM California Home Sales Dip, Prices Don't Sales of new and existing homes in the previously superheated California market slid again in May. Sales totaled 37,734 houses and condos statewide during the month, down 0.7 percent ... Mortgage Rate Watch - 2:33PM Mortgage Rates Slightly Higher This Week Mortgage rates staged a modest comeback this afternoon after starting the day in line with the highest levels of the week. As underlying market conditions improved in the afternoon ... Pipeline Press - 11:10AM Very Interesting Non-Agency/Jumbo News; CFPB Fines a Title Company We're racing toward the Summer Solstice, with the most daylight in the Northern Hemisphere, but Happy Friday the 13 th AND a full moon! This combination won't happen again in North ... MBS MID-DAY: Bond Markets Slightly Weaker, Noncommittal Ahead of Weekend New Home Sales Estimates Slip -MBA MBS Day Ahead: Today's Trading Could Say a Lot About Where Rates Might be Headed For Originators in Q1, Breaking Even was a Win Latest Video Boomerang buyers hit housing market Into the Futures: Fed announcement ahead Santelli: Interest rate effect More News from 'Around the Web' Bloomberg - 3:12PM Fannie Mae and Freddie Mac Ruled Exempt From Transfer Tax - Bloomberg blogs.wsj.com - 12:49PM Recapitalizing Fannie Mae, Freddie Mac Would Take 20 Years CNBC - 12:20PM 'Boomerang' homebuyers get gov't boost Reuters - 11:17AM Recapitalizing Fannie, Freddie not viable: Treasury official CNBC - 11:13AM US said to seek more than $10 billion in Citigroup mortgage probe: Report Reuters - 10:27AM U.S. consumer sentiment slips in June blog.redfin.com - 10:13AM Home Listings Hit 4-Year High in May, But Demand Didn't Keep Pace Market Watch - 9:01AM Treasury yields surge on BOE tightening signals CNN - 9:01AM How to win a bidding war on a home Reuters - 8:58AM U.S. producer prices unexpectedly fall in May Today's Comments MBS Live Chat - 10:47AM "from bofa, our tracking model now suggests growth of -1.9% in 1Q and 4.0% in 2Q for a first half average of just 1.0%.... Momentum is weak, but fundamentals are strong. We have lowered second half growth to 3.0% from 3.4%..." MBS Live Chat - 12:36PM "20YRS to recapitalize the GSE's? http://mndne.ws/1oXPBS5..." MBS Live Chat - 12:38PM "sucking off every pennie in profit of the past 4 years didnt help with that I would guess..." MBS Live Chat - 12:39PM "i wonder if 20 yr calc included huge payouts to the givt or not?..." MBS Live Chat - 1:09PM "Been here for a long time and learning as I go. Seems we've been on a downward trend since May 29th and the current ceiling of that trend is 101-29 so any close above that would be positive....unless I'm drawing that wrong...." MBS Live Chat - 1:15PM "your assessment of the trend and what constitutes a break is right on PM, but MBS aren't the best subjects for technical analysis--at least not when they've been holding such a steady gap to Treasuries for so long. 2008-2009, even late 2012, all different stories...." MBS Live Chat - 1:18PM "Right on MG. Try to use it at times assessing our teams "float" stance. Its a good tool on short term locks at times as it's held pretty steady for two weeks and verifies what you're betting against when floating short term locks. I do love this place...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.23% +0.03 15 Yr FRM 3.36% +0.03 FHA 30 Year Fixed 3.80% +0.05 Jumbo 30 Year Fixed 4.06% +0.03 5/1 Yr ARM 3.25% +0.03 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 4.31% 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 4.20% 0.60 +0.06 15 Yr. Fixed 3.31% 0.50 +0.08 1 Yr. ARM 2.40% 0.40 +0.00 5/1 Yr. ARM 3.05% 0.40 +0.12 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 97.89 -0.02 30YR FNMA 3.5 102.00 -0.02 30YR GNMA 3.0 100.33 +0.09 30YR GNMA 3.5 103.45 +0.05 15YR FNMA 3.0 103.53 -0.09 15YR FNMA 2.5 101.08 -0.16 Treasuries Yield Change 2 YR 0.4473% +0.0083 5 YR 1.6847% +0.0052 10 YR 2.5970% +0.0019 30 YR 3.4075% -0.0059 Prices as of: 6/13/2014 3:26PM 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.