Daily Newsletter: Mortgage Rates Catch a Break Heading Into Important Week; Strong Reaction to Mediocre Home Builder Results; Big Changes at Ginnie Mae

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

30 Year Fixed 4.19%   -0.01 15 Year Fixed 3.32%   -0.01 10YR Treasury 2.47%   -0.0361 FNMA 30YR 3.5 102.38   +0.28 FNMA 15YR 2.5 103.38   +0.16 View Today's Rates

Friday July 25, 2014 Mortgage Rate Watch - 2:46PM Mortgage Rates Catch a Break Heading Into Important Week Mortgage rates were sideways to marginally lower today. Many lenders released new and improved rate sheets in the afternoon in order for the average to get better than yesterday, but ... MND NewsWire - 1:30PM Strong Reaction on Wall Street to So-So Home Builder Results It was a bad day on Wall Street Thursday for housing stocks. In no particular order Census Bureau data was released showing that new home sales had declined by 8.1 percent in June compared ... Pipeline Press - 11:09AM Big Changes at Ginnie; GSE Updates; Zillow Buying Trulia? "Rob, you have mentioned before that you are beginning to see some companies' volumes slowing down, and maybe even some lay-offs . Is that still happening?" Yes it is. Established lenders ... MBS Commentary - 11:56AM MBS MID-DAY: Bond Markets Still at Altar Despite Yesterday's Cold Feet For more than a week, bond markets have flirted with a break into the best levels of the year. On several occasions 10yr yields have looked all but wed to the idea. Such a wedding would ... Housing Market Sending Mixed Signals -Freddie Mac New Home Sales Decline from Downgraded May Numbers Latest Video Cramer's Stop Trading: Zillow & Trulia War of words: Russia vs. US Durable goods up 0.7% in June More News from 'Around the Web' rss.nytimes.com - 3:22PM Off the Charts: A Drop in the Long-Term Unemployed WSJ - 3:22PM IMF Lays Out Own Fed Exit Strategy www.cfpbmonitor.com - 3:21PM "Operation Mis-Modification" Targets Foreclosure Relief Companies www.cfpbmonitor.com - 2:31PM CFPB expands HMDA reporting requirements Washington Post - 1:51PM How big cities that restrict new housing harm the economy Washington Post - 12:41PM The inequality snowball effect Market Watch - 11:29AM Market Snapshot: U.S. stocks fall; Dow dips below 17,000 Bloomberg - 11:16AM Architects Group Lowers U.S. Construction Forecast - Bloomberg webfeeds.brookings.edu - 11:15AM Implicit Subsidies for Very Large Banks: A Primer Washington Post - 10:19AM After foreclosure, an effort to repurchase a home CNBC - 10:19AM Sin City housing shifts from distress CNBC - 8:51AM Million dollar homes: Reclaimed CNBC - 8:50AM US bonds hold near highs on 'safe-haven' asset bid CNBC - 8:48AM US durables jump, feeding recovery hopes freddiemac.mwnewsroom.com - 8:48AM Freddie Mac Issues Monthly Volume Summary for June 2014 WSJ - 8:48AM Big Decisions Loom for Fed CNBC - 12:06AM Trulia, Zillow CEOs sell before merger news Market Watch - 12:02AM Homebuilder shares dive on disappointing results, data Calculated Risk Blog - 12:01AM Horton Jumps on Increased Sales Incentives; Orders "Lackluster" at Other Builders WSJ - 12:01AM Do 'Boring' Explanations Explain Weak Millennial Homeownership? Today's Comments MBS Live Chat - 12:22PM "hey brokers, I am looking at adding a lender, I need somebody who is not crazy with the conditions, has good procedures, efficient, ect...good turn times, good rates, Suggestions?..." MBS Live Chat - 12:23PM "Stearns..." MBS Live Chat - 12:27PM "I second what Dirk said. Stearns gives you that if you don't have them already...." MBS Live Chat - 12:31PM "NYCB Mortgage is an excellent lending partner as well. Their Gemstone system basically has DU built right in so no additional charge plus extremely smooth with uploads, clearing conditions, etc. Always someone to talk at their MCC as well...." MBS Live Chat - 1:55PM "i would need to see a reprice better before i would consider locking today..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.19% -0.01 15 Yr FRM 3.32% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.03% -0.01 5/1 Yr ARM 3.23% +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 +0.00 15 Yr. Fixed 3.26% 0.60 +0.03 1 Yr. ARM 2.39% 0.40 +0.00 5/1 Yr. ARM 2.99% 0.50 +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 98.56 +0.34 30YR FNMA 3.5 102.38 +0.28 30YR GNMA 3.0 100.56 +0.39 30YR GNMA 3.5 103.34 +0.28 15YR FNMA 3.0 103.38 +0.16 15YR FNMA 2.5 101.09 +0.14 Treasuries Yield Change 2 YR 0.4918% -0.0001 5 YR 1.6764% -0.0231 10 YR 2.4691% -0.0361 30 YR 3.2401% -0.0570 Prices as of: 7/25/2014 4:03PM 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.