Daily Newsletter: Realtor Income up 24.6 Percent; Housing Not as Healthy as it Looks?

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30 Year Fixed 3.63%   +0.04 15 Year Fixed 2.81%   +0.02 10YR Treasury 1.91%   +0.0156 FNMA 30YR 3.5 105.41   -0.16 FNMA 15YR 2.5 105.14   -0.03 View Today's Rates

Monday May 13, 2013 MND NewsWire - 12:46PM Realtor Income Increases 24.6 Percent in 2012 Realtors saw an increase in their income in 2012 for the second year in a row after nine straight years of losing ground The National Association of Realtors® (NAR) said today. ... MND NewsWire - 11:08AM Housing Headlines Mask Unsettling Trends In its April Housing Data Wrap-Up Wells Fargo's economists summarize the nation's housing picture: "While most of the housing-related headline numbers continue to improve, the underlying ... Mortgage Rate Watch - 4:01PM Mortgage Rates At 8 Week Highs Mortgage rates continued higher to begin the week, carrying some momentum from Friday's rapid move higher and taking new cues from a stronger-than-expected Retail Sales report this ... MBS Commentary - 4:49PM MBS RECAP: Mostly Narrow After Minor Morning Volatility MBS Live : MBS Afternoon Market Summary This morning's Retail Sales report was only a small contributor to a sell-off that took it's more meaningful cues both from overnight trading ... More on FHA MI & HPML Concerns; CFPB Update on June 1 Change Date; Bank M&A's Continue MBS MID-DAY: Off Morning Lows, But Struggling With Highs The Week Ahead: Retail Sales, Moderate Data Calendar, and Fed Speakers Latest Video Santelli's Midday Bond Report Zandi Says Fed QE Exit Still 6 to 9 Months Away Cashin: Bond Vigilantes Coming Back? More News from 'Around the Web' freddiemac.mwnewsroom.com - 4:34PM Freddie Mac Announces Immediate Availability of Streamlined Modification for Delinquent Borrowers NMLS - 2:19PM NMLS Industry Webinar: State-Licensed Companies – Managing MLOs in NMLS WSJ - 1:21PM Real-Estate News: Foreclose-Pact Miscues Put Firm on Hot Seat Reuters - 1:18PM Bernanke to speak on economy to Congress on May 22 Google News - 11:36AM NAR Member Survey Shows Realtor® Business and Income Continue to Improve WSJ - 10:25AM Worst of Euro-Zone Crisis Not Yet Over Reuters - 9:34AM Housing improvement may herald return of U.S. workforce mobility CNBC - 9:31AM US Retail Sales Get Lift From Autos, Construction CNBC - 9:31AM JPM's Dimon May Quit If This Happens NY Fed - 10:21AM New York Fed Finds Access to Credit Remains Growth Challenge for Regional Small Businesses Reuters - 8:11AM Insight: Housing improvement may herald return of U.S. workforce mobility CNBC - 8:10AM How Fed Could Increase QE, Not Taper It Reuters - 12:27AM Libor likely to be replaced by a dual-track system: FT Bloomberg - 2:20PM Cyprus Gets First Aid Tranche as Greece Cash Backed by Ministers - Bloomberg Bloomberg - 1:38PM Fed Researchers Say Labor Participation May Stay Low for Years - Bloomberg Today's Comments MBS Live Chat - 2:47PM "i just got the oddest email from a realtor...What are the exact FHA guidelines for an EXISTING well when it comes to well flow and pressure?..." MBS Live Chat - 3:04PM "http://portal.hud.gov/hudportal/documents/huddoc?id=aprval.pdf - page 7 A pump test indicating a flow of at least 3-5 gallons per minute supply for an existing well, and 5 gallons per minute for a new well..." MBS Live Chat - 3:22PM "Kent - that link says you need a well test for New Construction...." MBS Live Chat - 3:22PM "i can look later but i'm pretty sure HUD handbook does not require a well test neither quality nor quantity..." MBS Live Chat - 3:46PM "Jason, New construction requirements are the first section of the FAQs... the Utilities section which contains the Well & Septic information is a few pages further in... look on page 7..." MBS Live Chat - 3:48PM "the FAQs were revised 1/24/2013..." MBS Live Chat - 3:49PM "The section quoted from page 7 refers to dug wells. As opposed to drilled wells, ostensibly...." MBS Live Chat - 3:49PM "the requirement is for Dug Wells, I am not sure what type of well the referring to..." MBS Live Chat - 3:50PM "starts with IF and I guess i just dont need them becuase it's not on any of my commits..." MBS Live Chat - 3:50PM "dug as opposed to drilled..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.63% +0.04 15 Yr FRM 2.81% +0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.73% +0.04 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 3.42% 0.70 +0.07 15 Yr. Fixed 2.61% 0.70 +0.05 1 Yr. ARM 2.53% 0.40 -0.03 5/1 Yr. ARM 2.58% 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 3.0 102.94 -0.19 30YR FNMA 3.5 105.41 -0.16 30YR GNMA 3.0 104.58 -0.27 30YR GNMA 3.5 107.63 -0.09 15YR FNMA 3.0 105.14 -0.03 15YR FNMA 2.5 103.72 -0.11 Treasuries Yield Change 2 YR 0.2408% +0.0001 5 YR 0.8214% +0.0049 10 YR 1.9138% +0.0156 30 YR 3.1233% +0.0274 Prices as of: 5/13/2013 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

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