Daily Newsletter: Housing Starts Miss Forecast; REO Surge Signals "Clean-up"; House OKs TILA Adjustment; Rates Steady Despite Market Volatility

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

30 Year Fixed 3.65%   +0.00 15 Year Fixed 2.99%   -0.01 10YR Treasury 1.89%   -0.0052 FNMA 30YR 3.5 105.19   +0.03 FNMA 15YR 2.5 105.09   +0.02 View Today's Rates

Thursday April 16, 2015 MND NewsWire - 11:58AM Housing Starts Rose Less Than Expected in March The rate of permitting for construction of single family housing and residential construction completions were both down in March, Housing starts did rise slightly. The Census Bureau ... MND NewsWire - 10:42AM REO Surge Signals Foreclosure "Clean-up" Foreclosure activity increased by 20 percent in March compared to February and was up 4 percent from a year earlier. RealtyTrac, in its combined March and 1 st Quarter 2015 report said ... MND NewsWire - 10:35AM House Authorizes Technical Adjustments to TILA The House of Representatives has passed a bill which would amend the Truth in Lending Act (TILA) in respect to the way lenders compute and disclose points and fees information in a ... Mortgage Rate Watch - 3:18PM Mortgage Rates Steady Despite Market Volatility Mortgage rates were unchanged again today , continuing a trend of minimal movement that has been intact for all but one day since Monday April 6th. Rates aren't much different today ... MBS MID-DAY: Another Strong Start Hits The Skids--Even Faster This Time First Tennessee Settles; Bank Earnings Reflect Lending Biz; More Mergers MBS Day Ahead: Economic Data Colliding With Technical Resistance Latest Video Jobless claims up 12,000 to 294,000 Santelli Exchange: Fed 'posturing' Murky economic picture not ideal: Lockhart More News from 'Around the Web' WSJ - 3:17PM Fed's Mester: 'Comfortable' Raising Rates Soon If First-Quarter Slowdown Proves Transitory WSJ - 3:17PM Fed's Lockhart: Recent Weakness Calls for Caution on Rate Rises WSJ - 3:17PM Fed's Rosengren: Conditions Not Yet Met to Support Rate Rises WSJ - 3:17PM Fed's Fischer: U.S. Economy Should Rebound After 'Poor' First Quarter Calculated Risk Blog - 3:12PM Comments on March Housing Starts The Atlantic - 1:32PM Ben Bernanke Isn't the Problem, the System Is the Problem CNBC - 1:32PM Is the property market booming or bubbling? NAHB - 11:53AM Home Builders Seek Congressional, Regulatory Action to Ease Tight Credit Conditions WSJ - 11:52AM Yellen and Bernanke Go Separate Ways on Exit Strategy CNBC - 10:27AM Fed's Fischer: Here comes the rebound freddiemac.mwnewsroom.com - 10:22AM Mortgage Rates Little Changed Remain Near 2015 Lows Bloomberg - 10:22AM Treasuries in Narrowest Range in 3 Weeks on Fed Guessing Game Bloomberg - 8:56AM German Bonds' Average Yield Turns Negative as ECB Spurs Buyers CNN - 8:55AM Ben Bernanke joins hedge fund Citadel Bloomberg - 8:55AM Housing Starts in U.S. Increased Less Than Forecast in March Market Watch - 8:55AM New jobless claims rise 12,000 to six-week high 294,000 www.cfpbmonitor.com - 8:51AM House passes bill to amend TILA points and fees definition for mortgage loans Today's Rates Best Execution Rate Change 30 Yr FRM 3.65% +0.00 15 Yr FRM 2.99% -0.01 FHA 30 Year Fixed 3.25% -0.05 Jumbo 30 Year Fixed 3.62% +0.01 5/1 Yr ARM 3.07% +0.01 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 3.87% 0.38 +0.01 15 Yr. Fixed 3.16% 0.29 +0.01 30 Yr. Jumbo 3.84% 0.35 +0.03 30 Yr. FHA 3.67% 0.23 -0.02 5/1 ARM 2.82% 0.40 +0.06 Freddie Mac ** 30 Yr. Fixed 3.67% 0.70 +0.01 15 Yr. Fixed 2.94% 0.50 +0.01 1 Yr. ARM 2.46% 0.40 +0.00 5/1 Yr. ARM 2.88% 0.50 +0.05 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 3.0 102.53 +0.03 30YR FNMA 3.5 105.19 +0.03 30YR GNMA 3.0 103.44 -0.09 30YR GNMA 3.5 105.84 -0.03 15YR FNMA 3.0 105.09 +0.02 15YR FNMA 2.5 103.13 +0.05 Treasuries Yield Change 2 YR 0.4839% -0.0201 5 YR 1.2966% -0.0245 10 YR 1.8880% -0.0052 30 YR 2.5730% +0.0280 Prices as of: 4/16/2015 4:05PM 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.