Daily Newsletter: Rates Erase Friday's Big Gains; Student Loans Affect on Homeownership; More Equity = More Cash-Out Refis

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

30 Year Fixed 3.86%   +0.09 15 Year Fixed 3.14%   +0.08 10YR Treasury 2.06%   +0.0668 FNMA 30YR 3.5 104.47   -0.16 FNMA 15YR 2.5 104.34   -0.05 View Today's Rates

Monday October 5, 2015 Mortgage Rate Watch - 3:52PM Mortgage Rates Erase Friday's Strong Move Lower Mortgage rates moved substantially higher today in the context of recent day-to-day changes. In the broader context, we're still talking about 30yr fixed rates that have remained in ... MND NewsWire - 2:23PM Student Loan Debt, Homeownership, And Millennials. It's Complicated. Once the recession ended and unemployment, which had especially impacted Millennials, returned to normal levels, that age group was expected to increase the homeownership rate . Instead ... MND NewsWire - 1:43PM Surprise! More Home Equity = More Cash-Out Refinances While they aren't doing it at nearly the rate they did before the Great Recession, Americans are increasingly tapping the equity in their homes with cash-out refinancing. Black Knight ... MBS Commentary - 7:33AM MBS Day Ahead: Mixed Messages From Bonds? Perhaps Not Friday's NFP reaction was fun, and then perhaps a bit painful. The data itself was abhorrent--coming in weaker in every imaginable way and without any saving graces. By that time--8 ... MBS MID-DAY: Slightly Weaker but Outperforming Treasuries Upcoming Events and Training; TRID Implementation Facts and Rumors Latest Video Bernanke: Rate hike should be last resort Santelli Exchange: Don't call it QE, but stimulus returning Bernanke confronts Fed critics More News from 'Around the Web' House Financial Services - 4:15PM House to Consider Consumer Protection, Regulatory Relief Bills Bloomberg - 2:36PM It's Official, There's No Bond Liquidity Crisis: Lisa Abramowicz CNBC - 2:35PM Getting a mortgage may take longer under new rules SEC - 2:35PM SEC Charges Home Loan Servicing Solutions for Misstatements and Inadequate Internal Controls Calculated Risk Blog - 11:54AM Reis: Mall Vacancy Rate unchanged in Q3 CNBC - 11:54AM Homes as ATMs: It's starting again CNBC - 10:34AM Service sector growth ebbs in September Market Watch - 10:34AM The Fed: Even after jobs report, Fed's Rosengren not convinced economy has hit a soft patch Market Watch - 10:33AM Bond Report: Treasurys under selling pressure, as global stocks rally CNBC - 10:33AM Ben Bernanke: Here's my worst moment as Fed chief Bloomberg - 9:26AM U.S. Index Futures Climb as Fed Seen Holding Imminent Rate Rise CNBC - 8:34AM Ben Bernanke: Slow productivity growth is weighing on US economy CNBC - 8:34AM Is the global luxury real estate market cooling off? The Atlantic - 1:03AM Housing Boom, Schooling Bust Bloomberg - 1:03AM Kocherlakota Says Low Inflation Warrants Further Fed Stimulus Market Watch - 1:02AM Fed's Fischer: Housing market not overheated Bloomberg - 1:02AM Fed Odds Drop to 10% for October as El-Erian Says Maybe in 2015 Reuters - 1:02AM DoubleLine's Gundlach says risk assets globally face 'another wave down' CNN - 1:02AM Bernanke wanted Wall Street's worst in jail Today's Rates Best Execution Rate Change 30 Yr FRM 3.86% +0.09 15 Yr FRM 3.14% +0.08 FHA 30 Year Fixed 3.50% +0.10 Jumbo 30 Year Fixed 3.64% +0.09 5/1 Yr ARM 2.92% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.49% 1.29 +0.13 30 Yr. Fixed 4.20% 1.45 +0.16 MBA ** 30 Yr. Fixed 4.08% 0.45 -0.01 15 Yr. Fixed 3.29% 0.41 -0.02 30 Yr. Jumbo 3.96% 0.35 -0.03 30 Yr. FHA 3.87% 0.34 -0.01 5/1 ARM 2.95% 0.41 +0.00 Freddie Mac ** 30 Yr. Fixed 3.85% 0.60 -0.01 15 Yr. Fixed 3.07% 0.70 -0.01 1 Yr. ARM 2.53% 0.20 +0.00 5/1 Yr. ARM 2.91% 0.40 +0.00 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 3.0 101.55 -0.23 30YR FNMA 3.5 104.47 -0.16 30YR GNMA 3.0 102.48 +0.02 30YR GNMA 3.5 104.86 -0.13 15YR FNMA 3.0 104.34 -0.05 15YR FNMA 2.5 102.20 -0.11 Treasuries Yield Change 2 YR 0.6091% +0.0277 5 YR 1.3425% +0.0551 10 YR 2.0562% +0.0668 30 YR 2.8993% +0.0804 Prices as of: 10/5/2015 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. © 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.