Daily Newsletter: Troubling Drop in New Home Sales/Prices; Volatile Markets but Rates Hold Ground

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

30 Year Fixed 3.63%   -0.01 15 Year Fixed 2.94%   -0.01 10YR Treasury 1.75%   +0.0310 FNMA 30YR 3.5 104.70   -0.08 FNMA 15YR 2.5 104.22   -0.11 View Today's Rates

Wednesday February 24, 2016 MND NewsWire - 11:00AM Annual New Home Sales/Prices Fall For First Time Since 2014 A sharp drop A sharp drop in sales in the West brought about an overall decline in the national rate of new home sales in January. The U.S. Census Bureau and the Department of Housing ... MND NewsWire - 3:59PM Fannie Mae Eliminates Continuity of Obligation Policy Fannie Mae is updating its Selling Guide to include changes several areas. The changes include elimination of the continuity of obligation policy , updates to lender self-reporting ... Pipeline Press - 10:44AM Google Discontinues Mortgage Tool; Lots of Fannie/Freddie Updates Here's your IT lesson for the day. The NSA's Skynet program utilizes metadata to identify suspected terrorists. The system uses mass surveillance of cell phone data and runs patterns ... Mortgage Rate Watch - 4:30PM Mortgage Rates Steady Despite Market Volatility Mortgage rates generally held their ground today. In fact, rates were lower than yesterday's, on average, but quite a few lenders raised rates from their morning levels. This was in ... Rate Spike Ends Refi Rally MBS Day Ahead: Bond Markets Challenging Secret, Overnight Resistance Level Latest Video Santelli Exchange: Support and 'insistence' January new home sales disappoint Santelli: Flight to safety More News from 'Around the Web' CNBC - 4:19PM Fed's Kaplan: 2016 recession unlikely CNBC - 3:51PM US bonds the place to be: Pimco advisor Calculated Risk Blog - 3:51PM Comments on January New Home Sales Bloomberg - 3:51PM There's Reason to Be Excited About the U.S. Housing Market freddiemac.mwnewsroom.com - 1:30PM U.S. Housing Market Continues Its Steady Comeback webfeeds.brookings.edu - 1:10PM Break up the big banks? Not quite, here's a better option. Market Watch - 9:58AM The Fed: Fed's Lacker sees case for more interest rate hikes CNBC - 9:55AM Measuring the economic divide Calculated Risk Blog - 8:00AM Real Prices and Price-to-Rent Ratio in December Today's Rates Best Execution Rate Change 30 Yr FRM 3.63% -0.01 15 Yr FRM 2.94% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.49% +0.00 5/1 Yr ARM 2.94% +0.04 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.45% 1.20 -0.01 30 Yr. Fixed 4.12% 1.43 -0.05 MBA ** 30 Yr. Fixed 3.83% 0.36 -0.08 15 Yr. Fixed 3.11% 0.31 -0.07 30 Yr. Jumbo 3.74% 0.26 -0.02 30 Yr. FHA 3.67% 0.34 -0.05 5/1 ARM 2.92% 0.32 -0.04 Freddie Mac ** 30 Yr. Fixed 3.65% 0.50 +0.00 15 Yr. Fixed 2.95% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.85% 0.40 +0.02 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 3.0 102.45 -0.13 30YR FNMA 3.5 104.70 -0.08 30YR GNMA 3.0 103.30 -0.16 30YR GNMA 3.5 105.23 -0.11 15YR FNMA 3.0 104.22 -0.11 15YR FNMA 2.5 102.44 -0.11 Treasuries Yield Change 2 YR 0.7617% +0.0239 5 YR 1.2227% +0.0244 10 YR 1.7518% +0.0310 30 YR 2.6117% +0.0358 Prices as of: 2/24/2016 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. © 2016 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.