Daily Newsletter: Mortgage Rates Skyrocket Past 2013 Highs Today; Existing Home Sales; Mortgage Apps

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

30 Year Fixed 3.77%   +0.09 15 Year Fixed 2.93%   +0.09 10YR Treasury 2.03%   +0.1035 FNMA 30YR 3.5 104.69   -0.63 FNMA 15YR 2.5 104.50   -0.52 View Today's Rates

Wednesday May 22, 2013 Mortgage Rate Watch - 6:10PM Why Did Mortgage Rates Skyrocket Past 2013 Highs Today? Mortgage rates were utterly destroyed today. Not only did the average rate move above the highest seen in 2013, but rates haven't been this high since May 22nd of 2012! Of course, there ... MBS Commentary - 12:41PM MBS MID-DAY: THIS IS WHY YOU WANT MBS LIVE! MBS Live : MBS Morning Market Summary If you read this commentary with any sort of frequency, you may have noticed a trend of late, where the mid-day recap has been coming out later ... MND NewsWire - 3:11PM House Rejects CFPB Testimony on Qualified Mortgage Rule Members of a House Financial Services subcommittee issued a press release Tuesday afternoon which essentially dismissed testimony heard earlier in the day from two officials of the ... MND NewsWire - 12:24PM Despite Tight Credit and Inventories, Existing Home Sales and Prices Continue Recovery Existing home sales remain constrained by limited inventory and tight credit but still managed to eke out a small increase in April the National Association of Realtors® (NAR) said ... Distressed Sales Fall Under 25 Percent in California Mel Watt Hearings; Current Origination Numbers; Foreclosure Process Slowdown Merely a Hiccup Substantial Decline in Foreclosure Inventory Noted in LPS Report Mortgage Applications Fall Sharply as Rates Rise Freddie's Non-Usage Fees; LO Comp, Land Sales, and Reg. E Tidbits - It's a Compliance World MBA Highlights Opportunity For Private Capital Risk-Sharing With GSEs Fannie Forecast Serves up Feast for Housing Recovery Bulls Latest Video Fed Minutes: Progress Needed Before Slowing QE Pace Rep. Sanchez Has Housing Worries More Homes for Sale More News from 'Around the Web' WSJ - 5:15PM Volcker: Multiple Bank Regulators Is 'Recipe for Getting Nothing Done' Bloomberg - 3:53PM Fisher Says Fed Can Begin to Slow Mortgage Security Purchases Federal Reserve - 2:56PM Fed: Minutes of the Federal Open Market Committee NAHB - 2:54PM NAHB Applauds Sens. Menendez and Isakson for Legislation to Spur Construction Lending CNBC - 12:57PM Homes Selling at Fastest Pace Since Boom CNBC - 11:15AM Home Sales Rise as Inventories Jump Bloomberg - 9:44AM Stonegate Raises $115 Million to Fund Jumbo Mortgage Expansion - Bloomberg www.lpsvcs.com - 9:44AM LPS' "First Look" Mortgage Report Reuters - 8:40AM Toll Brothers profit rises 46 percent Bloomberg - 8:40AM Dudley Says Decision on Taper Will Require Three to Four Months www.csbs.org - 5:12PM New CSBS Chairman Outlines Priorities Today's Comments MBS Live Chat - 10:59AM "REPRICE : 10:59 AM - Flagstar Worse..." MBS Live Chat - 11:04AM "REPRICE : 11:04 AM - Franklin American Worse..." MBS Live Chat - 11:36AM "REPRICE : 11:36 AM - Chase Worse..." MBS Live Chat - 12:21PM "REPRICE : 12:21 PM - Caliber Funding Worse..." MBS Live Chat - 2:51PM "3.875 has a borrower cost of .25% currently. Ohhh boy, fun times ahead...." MBS Live Chat - 4:17PM "REPRICE : 4:17 PM - Wells Fargo Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.77% +0.09 15 Yr FRM 2.93% +0.09 FHA 30 Year Fixed 3.32% +0.07 Jumbo 30 Year Fixed 3.88% +0.10 5/1 Yr ARM 3.06% +0.04 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% 0.41 +0.08 15 Yr. Fixed 2.88% 0.31 +0.07 30 Yr. Jumbo 3.87% 0.25 +0.08 30 Yr. FHA 3.43% 0.16 +0.08 5/1 ARM 2.55% 0.23 +0.02 Freddie Mac ** 30 Yr. Fixed 3.51% 0.70 +0.09 15 Yr. Fixed 2.69% 0.70 +0.08 1 Yr. ARM 2.55% 0.40 +0.02 5/1 Yr. ARM 2.62% 0.50 +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 3.0 101.70 -1.02 30YR FNMA 3.5 104.69 -0.63 30YR GNMA 3.0 103.03 -1.09 30YR GNMA 3.5 106.53 -0.66 15YR FNMA 3.0 104.50 -0.52 15YR FNMA 2.5 102.81 -0.72 Treasuries Yield Change 2 YR 0.2504% +0.0124 5 YR 0.8957% +0.0783 10 YR 2.0333% +0.1035 30 YR 3.2161% +0.0844 Prices as of: 5/22/2013 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. © 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.