Daily Newsletter: Higher Home Prices Suggest Foreclosure Over Short-Sales; Rates Mostly Hold Recent Gains; Small Improvement in Construction Spending

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

30 Year Fixed 3.57%   +0.02 15 Year Fixed 2.97%   +0.02 10YR Treasury 1.67%   +0.0268 FNMA 30YR 3.5 105.64   -0.06 FNMA 15YR 2.5 105.06   -0.08 View Today's Rates

Monday February 2, 2015 MND NewsWire - 3:09PM Higher Home Prices Suggest Foreclosure Over Short-Sales Rising home prices have been a boon to many homeowners but may not bode as well for those who are facing foreclosure. Black Knight Financial Services' Mortgage Monitor this month takes ... Mortgage Rate Watch - 4:26PM Mortgage Rates Mostly Hold on to Friday's Big Gains Mortgage rates were just slightly higher today, but generally did a good job of holding on to recent gains. For perspective, last Friday was the only day in the past 21 months with ... MND NewsWire - 12:48PM December saw Small Gains for Residential Construction Spending December expenditures for construction posted a small gain in December, rising a scant 0.4 percent over November figures. The Census Bureau said today that spending on both public and ... MBS Commentary - 7:23AM MBS Week Ahead: Assessing Global Growth Concerns with Ample Data at Home and Abroad Another week, another chance for markets to express their feelings about European QE, Greek theater, and 'global growth concerns.' So far, these things have been nothing but great for ... MBS MID-DAY: Decent Consolidation After Early Weakness; Push and Pull From Data CFPB Accepting Comments on Rural Proposal; Accounting Clarification for Ginnie Servicers; 6% Capital Ratio for Non-Banks? Latest Video Santelli: Rates creep higher Santelli: Rates a whole lot lower Sad, not surprising: People don't know their mortgage rate More News from 'Around the Web' Bloomberg - 4:48PM Mortgage Bonds Underperform Most Since 2008 on Refinancing Risk - Bloomberg WSJ - 3:37PM Banks See Stable Lending Landscape, But Some Auto Loans Signal Trouble WSJ - 2:00PM Now's the Time for Infrastructure Spending, White House Says www.cfpbmonitor.com - 2:00PM CFPB seeks information from industry on student loan modification options and issues guidance on private student loans with graduated repayment terms CNBC - 2:00PM Third of mortgage holders don't know their rate Bloomberg - 12:15PM Obama Budget Projects $191 Billion Profit From Fannie, Freddie - Bloomberg CNBC - 10:24AM Manufacturing sector growth slows in January WSJ - 9:57AM Yellen Prepared to Fight A Revived “Audit the Fed” Movement CNN - 9:56AM Julián Castro: Obama's housing chief wants to talk about the middle class, not politics Reuters - 8:50AM U.S. consumer spending weakest since 2009, inflation muted Reuters - 8:50AM U.S. real estate ETF rally faces test with rate rise www.wsj.com - 8:44AM The Case for U.S. Agency Mortgage-Backed Bonds Bloomberg - 8:40AM ECB Bond-Buying Plan Has Investors Questioning How It All Works - Bloomberg Calculated Risk Blog - 8:38AM Black Knight Mortgage Monitor Today's Rates Best Execution Rate Change 30 Yr FRM 3.57% +0.02 15 Yr FRM 2.97% +0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.59% +0.01 5/1 Yr ARM 3.10% -0.03 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 3.80% 0.29 -0.09 15 Yr. Fixed 3.10% 0.29 -0.06 30 Yr. Jumbo 3.86% 0.23 -0.02 30 Yr. FHA 3.66% 0.15 -0.05 5/1 ARM 2.87% 0.41 -0.07 Freddie Mac ** 30 Yr. Fixed 3.66% 0.60 +0.03 15 Yr. Fixed 2.98% 0.50 +0.05 1 Yr. ARM 2.38% 0.40 +0.01 5/1 Yr. ARM 2.86% 0.40 +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 3.0 103.36 -0.11 30YR FNMA 3.5 105.64 -0.06 30YR GNMA 3.0 103.69 -0.08 30YR GNMA 3.5 105.78 -0.06 15YR FNMA 3.0 105.06 -0.08 15YR FNMA 2.5 103.34 -0.11 Treasuries Yield Change 2 YR 0.4645% +0.0078 5 YR 1.1869% +0.0273 10 YR 1.6726% +0.0268 30 YR 2.2536% +0.0262 Prices as of: 2/2/2015 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. © 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.