Daily Newsletter: Mortgage Rates Edge Up to 4-Month Highs; Construction Data Not as Gloomy as it Looks; FHFA Criticized by Watchdog

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

30 Year Fixed 4.26%   +0.01 15 Year Fixed 3.41%   +0.01 10YR Treasury 2.62%   +0.0037 FNMA 30YR 3.5 101.55   +0.06 FNMA 15YR 2.5 102.73   -0.09 View Today's Rates

Thursday September 18, 2014 Mortgage Rate Watch - 3:49PM Mortgage Rates Edge Up to 4-Month Highs Mortgage rates only moved slightly higher today for most lenders. Some lenders were unchanged from yesterday, but on average, rates inched up to match their highest levels since May ... MND NewsWire - 3:03PM Plummeting Housing Starts Data Not as Scary as it Looks Housing starts 'plummeted' in August the Census Bureau said today, falling 14.4 percent from the revised seasonally adjusted annual rate of 1,117,000 units in July to 956,000 units ... MND NewsWire - 3:19PM FHFA Criticized for Process Leading to Repurchase Changes The Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) has released an audit critical of the FHFA for decision making leading to changes in the Representation ... Pipeline Press - 10:59AM Cobalt, Stearns, Caliber...M&A Rolls On - Is The Consumer Better Off? Peter Drucker opined, "Management is doing things right; leadership is doing the right things." The Federal Reserve sure wants banks that lend money (and, besides those for food or ... MBS MID-DAY: Holding Near Unchanged Levels; Little Regard for Data Builder Confidence at near Nine Year High Latest Video Did Fed squeeze housing? Close look at home construction plunge Santelli: Rear view comparison More News from 'Around the Web' CNBC - 4:37PM Crack down on Wall Street: Attorney www.cfpbmonitor.com - 3:27PM CFPB and FTC file lawsuits against online payday lenders Reuters - 3:26PM Wall Street sees holes in Fed's new policy-tightening plan CNBC - 2:35PM Economy weak due to 'stupid' policies: JPM's Kelly Bloomberg - 2:32PM BofA Gets $6 Billion Bond Boost From Fannie and Freddie - Bloomberg CNBC - 2:32PM Hard hit Tampa housing making some strides Market Watch - 1:34PM Household net worth up $1.4 trillion in second quarter Washington Post - 11:56AM Some lenders are denying home mortgages to women on maternity leave WSJ - 11:56AM Yellen Highlights Deepening U.S. Poverty CNBC - 11:56AM Are we building too many homes? Reuters - 11:00AM U.S. job creation in year through March revised up 7,000 CNBC - 10:22AM Philly Fed Index slips in September CNBC - 10:08AM Top retirement expense: Your home Reuters - 9:13AM U.S. housing starts fall; prior month's data revised higher WSJ - 9:13AM If Builder Sentiment Is So Bullish, Why Are Housing Starts So Low ? Federal Reserve - 9:05AM Yellen, The Importance of Asset Building for Low and Middle Income Households Reuters - 9:01AM U.S. jobless claims fall, continuing claims lowest since 2007 CNBC - 9:01AM Why stocks and bonds see Fed outlook differently Today's Rates Best Execution Rate Change 30 Yr FRM 4.26% +0.01 15 Yr FRM 3.41% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.11% +0.01 5/1 Yr ARM 3.24% -0.01 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 4.27% 0.25 +0.02 15 Yr. Fixed 3.44% 0.28 -0.04 30 Yr. Jumbo 4.15% 0.23 -0.07 30 Yr. FHA 3.97% 0.08 -0.02 5/1 ARM 3.12% 0.45 -0.07 Freddie Mac ** 30 Yr. Fixed 4.23% 0.50 +0.11 15 Yr. Fixed 3.37% 0.50 +0.11 1 Yr. ARM 2.43% 0.40 -0.02 5/1 Yr. ARM 3.06% 0.50 +0.07 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 97.77 +0.08 30YR FNMA 3.5 101.55 +0.06 30YR GNMA 3.0 99.98 +0.06 30YR GNMA 3.5 102.78 +0.02 15YR FNMA 3.0 102.73 -0.09 15YR FNMA 2.5 100.27 -0.02 Treasuries Yield Change 2 YR 0.5646% -0.0040 5 YR 1.8340% +0.0085 10 YR 2.6217% +0.0037 30 YR 3.3519% -0.0145 Prices as of: 9/18/2014 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.