Daily Newsletter: New Home Sales Rise at Quickest Pace in 22 Years; Price Increases Reflect Shift to Bigger Homes; Foreclosure Inventory at 6 Year Low

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30 Year Fixed 4.17%   -0.01 15 Year Fixed 3.32%   -0.01 10YR Treasury 2.58%   -0.0470 FNMA 30YR 3.5 102.42   +0.28 FNMA 15YR 2.5 103.64   +0.17 View Today's Rates

Tuesday June 24, 2014 MND NewsWire - 11:25AM New Home Sales Rise at Quickest Pace in 22 Years New home sales rose at the fastest pace in more than 20 years last month, hitting levels not seen since 2008. The Census Bureau and the Department of Housing and Urban Development report ... MND NewsWire - 1:25PM Price Increase Reflects Shift to More Costly Homes RealtyTrac reports a very large increase in the median price of a home sold in the U.S. in May compared to the median price in April. There was also a surge in the price on an annual ... MND NewsWire - 12:56PM Foreclosure Inventory at Six-Year Low The U.S. foreclosure inventory rate dropped below 2 percent in May for the first time since the summer of 2008 . The rate, which reflects the percentage of mortgaged homes in the country ... Mortgage Rate Watch - 3:42PM Mortgage Rates Flat to Slightly Lower Mortgage rates were slightly lower today, but did not move much from yesterday's latest levels. Some lenders are even in slightly higher territory. Underlying market movement was volatile ... MBS MID-DAY: Bond Markets Weaker After Data, Still Stronger on the Day Why Mergers Work (or Don't); Interesting Best-Ex Info; ABA & SunTrust; Goldman Sachs' Fiasco Program Case-Shiller, FHFA Agree House Appreciation Slowing Latest Video Shiller: Puzzling housing outpacing expectations Lower house prices on deck: Strategist Trader says 'stability in housing' More News from 'Around the Web' Reuters - 4:11PM Fed wants jobless rate lower, mid-2015 rate hike forecast 'reasonable': Dudley CNBC - 3:10PM The 'Black Swan Index' is on a scary flight higher WSJ - 3:09PM Five Takeaways: Where is the U.S. Housing Market Headed? CNBC - 2:00PM Today's housing market: 'Not for faint of heart' rss.nytimes.com - 1:59PM In Moderation : Rise in Home Prices Is Slowing, and That's a Good Thing Washington Post - 1:57PM Wonkblog: Map: The age of housing in every zip code in the U.S. WSJ - 12:27PM Fed's Plosser Not Worried About Inflation CNBC - 11:33AM Could inflation be the new subprime? CNBC - 11:14AM Fed extends deadline for Citi, HSBC, RBS and Santander to submit new capital plans Reuters - 10:43AM U.S. consumer confidence rises in June Market Watch - 10:22AM Economic Report: Home-price growth posts sharp slowdown in April Reuters - 10:22AM U.S. new home sales hit six-year high in May Reuters - 8:57AM Russia's Putin renounces right to send troops to Ukraine: Kremlin WSJ - 8:55AM When Will New Home Sales Pick Up? Bloomberg - 8:54AM Millennials Seen Surging as Homeowners in US: Mortgages - Bloomberg freddiemac.mwnewsroom.com - 8:53AM Freddie Mac Issues Monthly Volume Summary for May 2014 Reuters - 12:07AM MBIA says Credit Suisse hid crucial documents in U.S. mortgage case Bloomberg - 12:07AM Lew to Announce New Efforts to Aid Struggling Homeowners - Bloomberg Today's Comments MND NewsWire - 1:08AM "At a conceptual level, of course financial education = all good things. Implementation, measurement, and quantification seem infinitely more challenging. So well said, and the answer is still so elusive. Perhaps some hints lie in the pages of this website. I never imagined I'd be so interested in the..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.17% -0.01 15 Yr FRM 3.32% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.00% -0.01 5/1 Yr ARM 3.22% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.66% 1.16 -0.01 30 Yr. Fixed 4.53% 1.31 +0.02 MBA ** 30 Yr. Fixed 4.36% 0.24 +0.02 15 Yr. Fixed 3.50% 0.16 +0.07 30 Yr. Jumbo 4.32% 0.09 +0.05 30 Yr. FHA 4.07% -0.39 +0.01 5/1 ARM 3.20% 0.27 +0.02 Freddie Mac ** 30 Yr. Fixed 4.17% 0.60 -0.03 15 Yr. Fixed 3.30% 0.50 -0.01 1 Yr. ARM 2.41% 0.40 +0.01 5/1 Yr. ARM 3.00% 0.40 -0.05 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 98.27 +0.36 30YR FNMA 3.5 102.42 +0.28 30YR GNMA 3.0 100.23 +0.31 30YR GNMA 3.5 103.45 +0.20 15YR FNMA 3.0 103.64 +0.17 15YR FNMA 2.5 101.27 +0.22 Treasuries Yield Change 2 YR 0.4604% -0.0080 5 YR 1.6722% -0.0316 10 YR 2.5791% -0.0470 30 YR 3.3975% -0.0574 Prices as of: 6/24/2014 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

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