Daily Newsletter: Mortgage Rates at 2013 Lows; HARP Petition; Eminent Domain Back Again

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

30 Year Fixed 3.43%   -0.02 15 Year Fixed 2.78%   -0.02 10YR Treasury 1.85%   -0.0123 FNMA 30YR 3.5 106.17   +0.08 FNMA 15YR 2.5 105.41   +0.02 View Today's Rates

Monday January 14, 2013 Mortgage Rate Watch - 2:56PM Mortgage Rates Return To 2013 Lows Mortgage rates improved moderately to begin the week, bringing most lenders back to levels not seen since January 2nd or before. Following the Fiscal Cliff "mini-deal," FOMC Minutes ... MND NewsWire - 2:21PM Another City Looks at Eminent Domain as Solution to Foreclosures Another city hard hit by the housing crisis has proposed exercising its power of eminent domain on behalf of its underwater homeowners. The City Council of Brockton, Massachusetts voted ... Pipeline Press - 10:24AM HARP Petition; HARP and HAMP's Impact on the Market; Has Fannie Been Pushing Lender Approvals? Here's a story from Ohio that LO's in other states will find of interest: " Ohio Creates Temporary Loan Originator License." Last month, Ohio enacted a bill, S.B. 333 , to allow the ... MND NewsWire - 4:36PM December Housing Scorecard Points to Improving Home Equity and Prices The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the December edition of the Obama Administration's Housing Scorecard ... MBS RECAP: Calm, Quiet Day Spent Holding Friday's Gains The Week Ahead: Retail Sales, Housing Starts and Fed Speakers Galore How Many Pages is the Actual QM Rule? Fed Earns Record $89B on MBS and Treasury Holdings One-third of U.S. Residences Owned Mortgage-Free 2012 On Pace to be Record Year for Housing Affordability New HUD Research Tool Offers a Wealth of Housing Data Real Estate Web Searches Climb 253% in Four Years as 90% of Homebuyers Use Internet as Primary Research Latest Video Santelli's Midday Bond Report Timothy Geithner's Next Move Santelli's Take on Moral High Ground More News from 'Around the Web' CNBC - 4:54PM Bernanke: 'Not Out of the Woods' Despite Cliff Deal Federal Reserve - 4:08PM Federal Reserve Issues Two Consent Cease and Desist Orders Against JPMorgan Chase The Basis Point - 2:29PM Government won't dominate housing finance (as much) in 2013 S&P/Case Shiller - 2:26PM S&P: 2013 Housing And Residential Mortgage Finance Outlook SIFMA - 2:11PM SIFMA Market Close Recommendations for the US Martin Luther King Day CNBC - 2:10PM Home Prices Set to Jump in 2013: CoreLogic Business Week - 2:10PM Fitch: Foreclosure settlement is a boon for banks CNBC - 1:45PM Obama: US Making Progress Toward Closing Deficit Market Watch - 11:29AM Home sales up 6% in 2012, first gain since 2005 www.aei.org - 11:21AM Pinto: The true impact of new mortgage rules www.aei.org - 11:21AM CFPB's mortgage regulations grandfathers FHA's risky loan practices Today's Comments MBS Live Chat - 2:34PM "https://petitions.whitehouse.gov/petition/make-formal-request-fhfa-eliminate-securitization-cut-date-harp-eligibility-and-allow-re-harping/BlPYbvZw?utm_source=wh.gov&utm_medium=shorturl&utm_campaign=shorturl..." MBS Live Chat - 12:56PM "http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2011/HUDNo.11-108..." MND NewsWire - 2:11PM "The HVCC expired November 2010. Lenders and Banks do not have to use AMCs. Added appraisal requirements are placed there by regulatory agencies. The appraisers are just required to follow them. Complain to the regulatory agencies...." MBS Commentary - 11:21AM "Matt, "The" best explanation for the candlestick graph I have seen, and, great commentary as usual. The pundits say the economy is back. All is good. Unemployment on the mend. We should feel great and spend money. There is no way a consumer spending based economy is dead! Every January and February since..." Recent Q & A "BOA lost my mortgage and is threating not to send IRS 1098 unless I re-sign original Docs. Legal? " "Is there any recourse if your lock rate expire." Today's Rates Best Execution Rate Change 30 Yr FRM 3.43% -0.02 15 Yr FRM 2.78% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.63% -0.02 5/1 Yr ARM 2.99% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.81% 1.00 -0.10 30 Yr. Fixed 3.54% 1.24 -0.08 MBA ** 30 Yr. Fixed 3.61% 0.41 +0.09 15 Yr. Fixed 2.88% 0.39 +0.02 30 Yr. Jumbo 3.78% 0.38 +0.03 30 Yr. FHA 3.35% 0.69 +0.01 5/1 ARM 2.64% 0.37 -0.01 Freddie Mac ** 30 Yr. Fixed 3.40% 0.70 +0.06 15 Yr. Fixed 2.66% 0.70 +0.02 1 Yr. ARM 2.60% 0.50 +0.03 5/1 Yr. ARM 2.67% 0.60 -0.04 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 3.0 104.38 +0.11 30YR FNMA 3.5 106.17 +0.08 30YR GNMA 3.0 105.59 +0.16 30YR GNMA 3.5 108.19 +0.13 15YR FNMA 3.0 105.41 +0.02 15YR FNMA 2.5 104.23 +0.02 Treasuries Yield Change 2 YR 0.2530% +0.0041 5 YR 0.7661% -0.0096 10 YR 1.8518% -0.0123 30 YR 3.0396% -0.0050 Prices as of: 1/14/2013 4:32PM 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. © 2013 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.