Daily Newsletter: Update on Mortgage Insurance Cut: FHA to Allow Case Number Cancellation; Rates Near 19 Month Lows; Negative Equity Near Pre-Crisis Levels

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

30 Year Fixed 3.71%   -0.03 15 Year Fixed 3.04%   -0.02 10YR Treasury 1.96%   -0.0556 FNMA 30YR 3.5 105.13   +0.22 FNMA 15YR 2.5 104.52   +0.14 View Today's Rates

Friday January 9, 2015 MND NewsWire - 12:21PM Update on Mortgage Insurance Cut: FHA to Allow Case Number Cancellation Details and clarifications are now available for lenders and borrowers regarding President Obama's Thursday announcement of reduced FHA mortgage insurance premiums (MIP). In addition ... Mortgage Rate Watch - 3:53PM Mortgage Rates End Week Near 19 Month Lows Mortgage rates moved lower after this morning's Employment Situation Report, though not necessarily because of it. After 2 days spent correcting from strong move lower in stock prices ... MND NewsWire - 3:03PM Negative Equity Nearing Pre-Crisis Levels Owners of some 90 percent of mortgage properties in the U.S. now have some degree of equity in their homes. CoreLogic said today that 273,000 properties returned to a positive equity ... MBS Commentary - 1:26PM MBS MID-DAY: Bonds Stay Green After NFP, Fed-Speak, Greek Polls, Stocks, and France It's been a surprisingly busy morning for financial markets, and very little of that has to do with NFP. Bonds were slightly stronger overnight and after a small, but volatile reaction ... RealtyTrac asks if Wall Street is your Landlord. We ask for how long? Fannie Survey Says: Housing Attitude Remains Cautious CFPB Status Reports & eRegulation Tool; AMC, Subprime News MBS Day Ahead: Hoping The Orderly Correction Can at Least Remain Orderly Latest Video Nonfarm payrolls up 252,000 How Fed interprets jobs Economists not distracted by low wages More News from 'Around the Web' freddiemac.mwnewsroom.com - 4:54PM Freddie Mac Reduces Credit Risk With Three New ACIS Insurance Policies With a Combined $707 Million Limit WSJ - 4:53PM Was 2014 Really the Strongest Year of Job Growth Since 1999? CNBC - 4:53PM Wage drop not the beginning of a trend: Economist WSJ - 3:19PM The Fed's Puzzle: How Low Can Unemployment and Inflation Both Go? WSJ - 3:19PM Fed's Lacker Says Oil Plunge Complicates Inflation Outlook WSJ - 3:19PM 5 Takeaways from the December Jobs Report Market Watch - 12:50PM Fed can be 'a little bit late' with rate hike: Lockhart Market Watch - 12:38PM Fed hands record $98.7 billion to Treasury Reuters - 12:38PM ECB's Hansson says full-scale QE before Greek elections 'problematic': Bloomberg www.csbs.org - 12:37PM Oregon Begins Using Uniform Mortgage Test; 46 State Agencies Now Using the Test, Which Streamlines the License Application Process Reuters - 10:35AM JPMorgan settles lawsuit over defective Bear Stearns mortgage debt Reuters - 10:35AM ECB looking at risk-sharing mix for QE plan: sources CNBC - 10:34AM This is America's worst state for housing Market Watch - 10:34AM Condo-fee foreclosures become headache for homeowners HUD - 10:07AM Reduction of Federal Housing Administration (FHA) annual Mortgage Insurance Premium (MIP) rates and Temporary Case Cancellation Authority blogs.wsj.com - 9:39AM Fed's Evans Tells CNBC Don't Raise Rates Until 2016 Bloomberg - 9:28AM How OPEC Weaponized the Price of Oil Against U.S. Drillers CNBC - 9:14AM Wall Street encouraged by nonfarm payrolls Today's Rates Best Execution Rate Change 30 Yr FRM 3.71% -0.03 15 Yr FRM 3.04% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.64% -0.03 5/1 Yr ARM 3.24% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.47% 1.11 +0.02 30 Yr. Fixed 4.33% 1.33 -0.01 MBA ** 30 Yr. Fixed 4.18% 0.24 -0.01 15 Yr. Fixed 3.38% 0.27 +0.00 30 Yr. Jumbo 4.10% 0.16 -0.03 30 Yr. FHA 3.85% 0.18 -0.05 5/1 ARM 3.09% 0.34 +0.04 Freddie Mac ** 30 Yr. Fixed 3.73% 0.60 -0.14 15 Yr. Fixed 3.05% 0.50 -0.10 1 Yr. ARM 2.39% 0.40 -0.01 5/1 Yr. ARM 2.98% 0.50 -0.03 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 3.0 102.42 +0.27 30YR FNMA 3.5 105.13 +0.22 30YR GNMA 3.0 103.25 +0.30 30YR GNMA 3.5 105.52 +0.33 15YR FNMA 3.0 104.52 +0.14 15YR FNMA 2.5 102.63 +0.14 Treasuries Yield Change 2 YR 0.5690% -0.0360 5 YR 1.4288% -0.0572 10 YR 1.9553% -0.0556 30 YR 2.5380% -0.0542 Prices as of: 1/9/2015 4:32PM 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. © 2015 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.