Daily Newsletter: Home Prices to Level Off and Reverse Course Within 2 Years; Rates Steady to Slightly Lower; Markets React to Geopolitics

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

30 Year Fixed 4.15%   -0.01 15 Year Fixed 3.30%   -0.01 10YR Treasury 2.47%   -0.0144 FNMA 30YR 3.5 102.47   +0.06 FNMA 15YR 2.5 103.33   -0.02 View Today's Rates

Monday July 21, 2014 MND NewsWire - 2:24PM Home Prices to Level Off and Reverse Course Within 2 Years - Analysts Two Bank of America Merrill Lynch (BAML) analysts are defending what they call their big high conviction views for what should happen in the housing world over the next two years. Chris ... Mortgage Rate Watch - 4:18PM Mortgage rates Steady to Slightly Lower Mortgage rates moved just barely lower in most cases today, though some lenders were unchanged or slightly higher. It was a slow start to the week as far it concerns the financial markets ... MBS Commentary - 7:33AM MBS Week Ahead: Limited Data This Week, but Several Housing-Related Reports; Following Week is BIG In many ways, the current week will serve as a prelude to the following week, which is exceptionally packed with big-ticket events . From Wednesday to Friday (next week), we'll get ... Pipeline Press - 9:47AM Home Value Forecasts; Non-QM and Non-Performing Loan Price Action; CMLA on FHFA OIG Report What can you buy on minimum wage? Well, I guess that's a relative question; relative to a number of factors such as where you live, your current monthly expenses, and savings rate; ... New Housing Normal; Pent-up Supply and Demand Small Lenders Increased Selling Directly to GSEs a Double-Edged Sword Latest Video Single housing market continues slump Market reaction to geopolitics surprising: Strategist Dodd-Frank: Four years later More News from 'Around the Web' www.npr.org - 4:58PM GOP Marks Dodd-Frank's 4th Birthday With Calls For Repeal Bloomberg - 4:54PM Treasury 10-Year Yields May Slide on Ukraine, FTN's Vogel Says - Bloomberg National Housing Conference - 4:07PM What's next in housing and transportation cost research? CNBC - 2:38PM Slow wage growth for new college grads www.cfpbmonitor.com - 12:15PM House to hold hearing on impact of Dodd-Frank Act Google News - 12:06PM Is residual income the key to the superior performance of VA loans? WSJ - 10:37AM More Firms Are Handing Out Pay Raises, NABE Survey Finds www.bloombergview.com - 9:55AM The Inflation Truther Crank Index Market Watch - 9:53AM Bond Report: Treasury yield curve again flattest in five years Market Watch - 9:20AM Economic growth slows a bit in June, national activity index shows www.ourbroker.com - 9:17AM Should Real Estate Drones Be Banned? blog.redfin.com - 8:34AM 4 Low-Cost Remodels That Increase Home Value Market Watch - 8:31AM El-Erian: 'Notable complacency' over geopolitical risks Market Watch - 8:28AM 4 ways buyers can fight mortgage information overload Bloomberg - 8:28AM Dimon's Threat to Quit FHA Seen as Pressure Move on Rules - Bloomberg WSJ - 8:28AM Why the World Still Loves U.S. Treasury Debt Today's Comments MBS Live Chat - 12:24PM "MG- Perspective- Best price this year on the 3.5?..." MBS Live Chat - 12:28PM "103-14..." MBS Live Chat - 12:29PM "Thanks... Based on lender pricing- Feels closer than that......" MBS Live Chat - 12:33PM "Yeah, I think that's because we're fairly near the 'stably held' highs of the year whereas the absolute highs were more spiky and brief. Should be easy to see by expanding chart to a 6-month view and using candlesticks to see each day's trading range...." MBS Live Chat - 12:49PM "MG do you lend more credence to the closing price or intraday high or low? Seems like the latter? Thoughts..." MBS Live Chat - 12:53PM "neither really. In general, I think closing price gets more credence from the analytical community..." MBS Live Chat - 3:28PM "VA IRRL question for anybody...does the P&I have to have a 5% payment reduction, like a FHA loan?..." MBS Live Chat - 3:33PM "Tony, IRRL just can't have a PI increase of more than 20%, or else Vet has to Credit Qualify...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.15% -0.01 15 Yr FRM 3.30% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.99% -0.01 5/1 Yr ARM 3.21% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.56% 1.13 -0.10 30 Yr. Fixed 4.37% 1.39 -0.16 MBA ** 30 Yr. Fixed 4.32% 0.16 +0.04 15 Yr. Fixed 3.40% 0.22 -0.02 30 Yr. Jumbo 4.24% 0.16 -0.02 30 Yr. FHA 4.02% -0.03 +0.03 5/1 ARM 3.40% 0.22 -0.02 Freddie Mac ** 30 Yr. Fixed 4.13% 0.60 -0.02 15 Yr. Fixed 3.23% 0.50 -0.01 1 Yr. ARM 2.39% 0.40 -0.01 5/1 Yr. ARM 2.97% 0.40 -0.02 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 98.64 +0.06 30YR FNMA 3.5 102.47 +0.06 30YR GNMA 3.0 100.55 +0.05 30YR GNMA 3.5 103.52 +0.11 15YR FNMA 3.0 103.33 -0.02 15YR FNMA 2.5 101.03 +0.06 Treasuries Yield Change 2 YR 0.4919% +0.0081 5 YR 1.6795% +0.0116 10 YR 2.4692% -0.0144 30 YR 3.2588% -0.0317 Prices as of: 7/21/2014 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

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.