Daily Newsletter: Credit Score Changes on Hold; Prices Reinvigorated; Rates Higher Still

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

30 Year Fixed 4.72%   +0.02 15 Year Fixed 4.20%   +0.02 10YR Treasury 2.95%   -0.0093 FNMA 30YR 3.5 99.16   +0.11 FNMA 15YR 2.5 99.09   +0.05 View Today's Rates

Tuesday July 24, 2018 MND NewsWire - 10:08AM FHFA Forced to Put Credit Score Decision on Hold The old credit score models are safe for the time being, despite a belief that they disregard millions of creditworthy Americans, leaving them unable to be scored , and thus virtually ... MND NewsWire - 11:09AM Home Prices Step Up Pace Again The rate of home price appreciation appears to be accelerating again , at least for those homes purchased using Fannie Mae or Freddie Mac mortgages. The Federal Housing Finance Agency ... Mortgage Rate Watch - 5:26PM Mortgage Rates Continue Higher Despite Market Stability Mortgage rates rose again today, even though underlying bond markets managed to indicate modest improvements. There are two reasons rates ignored those improvements. First of all, they ... MND NewsWire - 8:06AM Black Knight: Delinquencies Roll Back to Pre-Recession Levels Mortgage performance seems to be sliding past the metrics measuring the world prior to the 2008 housing crisis and is now setting new benchmarks for the 21 st Century. Black Knight ... MBS Day Ahead: What Exactly is a Post-Range-Bound Momentum Spike? Tech, Digital, and Sales Products; Rates Edge Higher on Speculation Latest Video Experts debate impact of the 'perfect storm' of rates, dollar and tariffs Stocks are near all-time highs, but trader believes the rally will come to a halt Stocks rally on earnings; averages off best levels More News from 'Around the Web' Calculated Risk Blog - 4:21PM Has the Housing Market Peaked? (Part 2) www.realtor.com - 2:18PM Only One Generation of Americans Has Fully Recovered From the Housing Crash www.redfin.com - 2:17PM June Home Prices Rose 5.7% Year Over Year; Smallest Increase Since December 2016 CNBC - 12:51PM Fannie Mae CEO Timothy Mayopoulos to step down by year's end Bloomberg - 11:54AM Abby Joseph Cohen Is More Concerned About Bonds Than Equities eyeonhousing.org - 11:18AM 14% of Adults Plan to Buy Home in Next 12 Months; Most for the First-Time CNBC - 10:55AM The 'alarming' way 1 in 3 millennial homeowners get the money to buy homes Calculated Risk Blog - 10:30AM Richmond Fed: "Fifth District Manufacturing Firms Saw Slowing Growth in July" eyeonhousing.org - 9:20AM Western and Southern States Lead Job Gains in June www.consumerfinancemonitor.com - 8:41AM Senators encourage FCC creation of database of reassigned telephone numbers CNBC - 8:21AM Trump turns up the heat on trade: 'Tariffs are the greatest!' Reuters - 8:10AM China shares hit one-month high on stimulus hopes, bonds tire Today's Rates Best Execution Rate Change 30 Yr FRM 4.72% +0.02 15 Yr FRM 4.20% +0.02 FHA 30 Year Fixed 4.42% +0.00 Jumbo 30 Year Fixed 4.52% +0.00 5/1 Yr ARM 4.01% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.65% 1.14 +0.09 30 Yr. Fixed 4.19% 1.21 +0.02 MBA ** 30 Yr. Fixed 4.68% 0.46 -0.01 15 Yr. Fixed 4.12% 0.51 +0.05 30 Yr. Jumbo 4.55% 0.37 +0.00 30 Yr. FHA 4.69% 0.81 -0.04 5/1 ARM 3.83% 0.68 -0.10 Freddie Mac ** 30 Yr. Fixed 4.52% 0.40 -0.01 15 Yr. Fixed 4.00% 0.40 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.87% 0.30 +0.01 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 96.45 +0.13 30YR FNMA 3.5 99.16 +0.11 30YR GNMA 3.0 97.58 -0.28 30YR GNMA 3.5 99.98 +0.03 15YR FNMA 3.0 99.09 +0.05 15YR FNMA 2.5 96.88 +0.08 Treasuries Yield Change 2 YR 2.6372% +0.0043 5 YR 2.8212% +0.0036 10 YR 2.9504% -0.0093 30 YR 3.0758% -0.0192 Prices as of: 7/24/2018 5:05PM 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. © 2018 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.