Daily Newsletter: Spring Housing Already Overheating; Highest Appreciation in 30 Months; Rates Move Up

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

30 Year Fixed 4.16%   +0.01 15 Year Fixed 3.36%   +0.01 10YR Treasury 2.40%   +0.0304 FNMA 30YR 3.5 102.25   -0.23 FNMA 15YR 2.5 102.50   -0.31 View Today's Rates

Tuesday February 28, 2017 MND NewsWire - 12:07PM Spring Housing Already Overheating—Think 60 Offers on One House The spring housing market started early this year, not because of higher-than-average temperatures but because of hotter-than-average demand and overheating home prices. This year may ... Mortgage Rate Watch - 2:32PM Mortgage Rates Modestly Higher Ahead of Trump Speech Mortgage rates moved higher today in most cases, but not by much. More interesting is the fact that rates held their ground as well as they did considering several strong economic reports ... MND NewsWire - 10:07AM Home Price Appreciation Highest in 30 Months -Case-Shiller Home prices accelerated their growth again in December. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, rose by 5 ... MND NewsWire - 10:11AM Cash, Distressed Sales Closing in on "Normal" The end is near. CoreLogic said today that the market share of home sales accounted for by distressed properties may return to normal levels by the end of this year. This is about a ... Black Knight's HPI Holds on to Late Year Gains Training and Events Ranging From Cybersecurity to Taking an App; ECOA Legal Opinion MBS Day Ahead: More Econ Data and "Month-End," But Trump Speech Looms Latest Video Markets stall ahead of Trump speech Consumer confidence at 114.8 in February Santelli Exchange: 'Feel-good indices' feel better More News from 'Around the Web' www.forbes.com - 4:22PM Amazon S3 Outage Has Broken A Large Chunk Of The Internet Market Watch - 3:44PM Fed's Williams says there will be ‘serious consideration' of interest rate hike at March meeting Market Watch - 2:57PM Trump tax plan, not even on drawing board, is already roiling rental housing www.npr.org - 2:07PM Trump May Weigh In On H-1B Visas, But Major Reform Depends On Congress Calculated Risk Blog - 1:32PM Real House Prices and Price-to-Rent Ratio in November www.redfin.com - 12:55PM Everything to Know About Buying a Home Without a Real Estate Agent blog.stewart.com - 11:01AM State Corporate Income Tax Rates www.wellsfargo.com - 11:00AM Wells Fargo Commits to Increase African American Homeownership Bloomberg - 10:12AM Why It's So Hard to Build the Next Silicon Valley CNBC - 10:12AM Consumer confidence hits best level since July 2001 freddiemac.mwnewsroom.com - 9:19AM Freddie Mac February 2017 Outlook www.redfin.com - 9:19AM The Redfin Housing Demand Index Continued Record Climb in January Reuters - 9:19AM House Financial Services chairman sees Dodd-Frank reform this year Reuters - 8:06AM JPMorgan expects 2017 expenses to rise about 3.4 percent Bloomberg - 8:03AM March Hike Suddenly Real for Traders Ahead of Trump Speech Today's Rates Best Execution Rate Change 30 Yr FRM 4.16% +0.01 15 Yr FRM 3.36% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.29% +0.02 5/1 Yr ARM 3.03% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.06% 1.30 +0.03 30 Yr. Fixed 3.76% 1.38 +0.03 MBA ** 30 Yr. Fixed 4.41% 0.38 +0.13 15 Yr. Fixed 3.64% 0.34 +0.12 30 Yr. Jumbo 4.36% 0.26 +0.07 30 Yr. FHA 4.15% 0.29 +0.13 5/1 ARM 3.45% 0.26 +0.17 Freddie Mac ** 30 Yr. Fixed 4.16% 0.50 +0.01 15 Yr. Fixed 3.37% 0.50 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.16% 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 99.06 -0.23 30YR FNMA 3.5 102.25 -0.23 30YR GNMA 3.0 100.80 -0.20 30YR GNMA 3.5 103.67 -0.13 15YR FNMA 3.0 102.50 -0.31 15YR FNMA 2.5 100.02 -0.19 Treasuries Yield Change 2 YR 1.2640% +0.0637 5 YR 1.9376% +0.0708 10 YR 2.3971% +0.0304 30 YR 2.9976% +0.0182 Prices as of: 2/28/2017 5:06PM 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. © 2017 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.