Daily Newsletter: Existing Home Sales Struggle; S&P Says Recovery is Real; CFPB Clarifies Final Rule

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30 Year Fixed 3.47%   +0.00 15 Year Fixed 2.79%   +0.01 10YR Treasury 1.69%   -0.0103 FNMA 30YR 3.5 106.31   +0.03 FNMA 15YR 2.5 105.48   -0.02 View Today's Rates

Monday April 22, 2013 MND NewsWire - 11:09AM Existing Home Sales Struggle To Break The 5 Million Mark Despite the beginning of the traditionally busy spring market, existing home sales declined slightly in March , owing primarily to continuing tight inventories according to the National ... MND NewsWire - 4:02PM Housing Recovery Signals Are Real This Time, Says S&P After what it called years of tenuous signals indicating that the housing recovery was underway Standard & Poor's (S&P) Ratings Service say this time it is different . S&P ... MND NewsWire - 1:34PM CFPB Issues Additional Clarifications to Final Rules Last week the Consumer Financial Protection Bureau (CFPB) issued proposed clarifications to one of its 2013 Finals Rules , the one applying to servicer-held escrows. Today the Bureau ... Pipeline Press - 9:39AM CA's Bill of Rights; The Confusing World of FHA & Section 35 loans, QM, HOEPA Violations, APOR, and Freddie's Rate Survey Wells Fargo has decided that it time to embark on a $100 million expansion in Iowa : This is in spite of the industry concerned about less volume and lower margins, and Wells' market ... MBS RECAP: Cruising Altitude Sustained After AM Turbulence Mortgage Rates Steady Near 3 Month Lows The Week Ahead: Light Calendar, Treasury Auctions, EU Headline Potential Latest Video Santelli's Midday Bond Report Existing Home Sales Down 0.6% March NVR Misses Earnings Estimates More News from 'Around the Web' Bloomberg - 2:00PM Investors Aren't Driving the Housing Recovery, Chang Says - Bloomberg CNBC - 1:08PM Italy's President Reads Riot Act to Politicians CNBC - 8:08AM Hollow Victory for Italy as More Turmoil Looms Bloomberg - 2:00PM Wells Fargo Breaks Ground on Expansion of Mortgage Headquarters - Bloomberg NAHB - 1:09PM Home Builders Call on Congress to Improve Immigration Bill?s Guest Worker Provisions Bloomberg - 9:55AM Dudley Says More Needs to Be Done to Help EU, U.S. Economies - Bloomberg CNBC - 8:15AM Bill Gross Attacks European Austerity CNBC - 11:09PM Why Fed, ECB's 'Great Job' Results in Nothing www.nytimes.com - 10:54PM Economic View: Before Housing Bubbles, There Was Land Fever Washington Post - 10:51PM Wall Street betting billions on single-family homes in distressed markets CNBC - 10:50PM He's Back: Italy President Staying On Reuters - 10:48PM No light at end of tunnel yet for euro zone CNBC - 10:45PM Bernanke to Skip This Year's Jackson Hole Meeting CNBC - 10:42PM Strength of Housing in Question as Home Builders Set to Report Today's Comments MBS Live Chat - 1:09PM "My client discharged a BK, wants to buy conventional at 5% down, is the fannie waiting period 4 years from discharge?..." MBS Live Chat - 1:11PM "TM, yes for chapter 7, 2 years for chapter 13..." MBS Live Chat - 2:43PM "which was better for you guys Q4 2012 or Q1 2013?..." MBS Live Chat - 2:44PM "Q1, 2013 since I cleverly switched jobs with rates at all time lows in Nov 2012...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.47% +0.00 15 Yr FRM 2.79% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.57% +0.00 5/1 Yr ARM 3.00% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.78% 0.76 +0.08 30 Yr. Fixed 3.53% 1.11 +0.06 MBA ** 30 Yr. Fixed 3.67% 0.50 -0.01 15 Yr. Fixed 2.91% 0.34 -0.01 30 Yr. Jumbo 3.77% 0.27 -0.02 30 Yr. FHA 3.37% 0.55 -0.06 5/1 ARM 2.57% 0.29 -0.01 Freddie Mac ** 30 Yr. Fixed 3.41% 0.70 -0.02 15 Yr. Fixed 2.64% 0.70 -0.01 1 Yr. ARM 2.63% 0.40 +0.01 5/1 Yr. ARM 2.60% 0.50 -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 3.0 104.23 +0.08 30YR FNMA 3.5 106.31 +0.03 30YR GNMA 3.0 106.05 +0.20 30YR GNMA 3.5 108.78 +0.13 15YR FNMA 3.0 105.48 -0.02 15YR FNMA 2.5 104.28 -0.02 Treasuries Yield Change 2 YR 0.2257% -0.0081 5 YR 0.6903% -0.0162 10 YR 1.6946% -0.0103 30 YR 2.8786% -0.0046 Prices as of: 4/22/2013 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

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