Daily Newsletter: SoCal Home Sales Hit 7 Year High; Mortgage Rates Surging Towards 2013 Highs

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

30 Year Fixed 3.67%   +0.04 15 Year Fixed 2.83%   +0.02 10YR Treasury 1.98%   +0.0645 FNMA 30YR 3.5 105.17   -0.23 FNMA 15YR 2.5 104.95   -0.19 View Today's Rates

Tuesday May 14, 2013 MND NewsWire - 3:20PM Southern California Home Sales Hit 7 Year High Home sales in Southern California hit a seven year high in April spurred by pent up consumer demand and high levels of investor activity . Prices rose along with sales to a 58 month ... MND NewsWire - 1:52PM Your Housing Recovery May Vary (Based On Location) - CoreLogic CoreLogic's May MarketPulse report, released today, looks at the housing recovery and concludes that it is not occurring evenly across the U.S , but is "concentrated in geographies ... Mortgage Rate Watch - 4:20PM Mortgage Rates Continue Barreling Toward 2013 Highs Mortgage rates began the day in promising shape, but lost their composure early and often. Despite several lenders releasing their initial rate sheets today in line with yesterday's ... MND NewsWire - 2:17PM Housing Affordability Stays Strong, But Hinges On Low Rates Housing affordability declined slightly in the first quarter of this year, but remains near historic highs according to the National Association of Home Builders/Wells Fargo Housing ... Americans Resume Deleveraging Household Balance Sheets Housing Inventory Moving Quickly Despite More Listings and Higher Prices in April Reminder on Artificially Low Rates; Lack of Motivation to Lend to Certain Credit Score Borrowers Freddie Mac Gives Immediate Green Light to Streamlined Modifications Latest Video 'Sell In May' Wrong? Santelli's Midday Bond Report Trust Tepper on Bonds? More News from 'Around the Web' www.thestreet.com - 3:01PM Last Call: FHA Mortgage Insurance Discount Set to Expire Google News - 1:55PM Housing and Tax Reform Top Issues Affecting Realtors®, Real Estate Industry www.easyir.com - 12:49PM TransUnion Housing Analysis Finds Mortgage Delinquency Rate More Closely Resembles Low Levels of 2003 WSJ - 12:46PM Housing Inventories Rose in April Bloomberg - 11:38AM Fed Says U.S. Household Debt Declined to 2006 Level - Bloomberg NAHB - 10:35AM Housing Affordability Holding Strong in Early 2013 online.barrons.com - 10:19AM Fannie, Freddie, Zombie www.gallup.com - 9:57AM U.S. Economic Confidence Retreats From Five-Year High Reuters - 9:43AM Ally, ResCap creditors race to finalize settlement Reuters - 9:42AM In push to taper QE3, Plosser warns on Fed credibility FHFA - 3:53PM Remarks of Edward J. DeMarco, Acting Director, Federal Housing Finance Agency, Before the 2013 Federal Home Loan Banks Directors Conference, Washington, DC, "Near-Term Issues and the Future of Housing Finance" Bloomberg - 2:01PM Spain Posts First Trade Surplus on Record in March, Guindos Says - Bloomberg Bloomberg - 2:01PM Greece Upgraded as Fitch Sees Progress From Economy to Deficit - Bloomberg Today's Comments MBS Live Chat - 1:24PM "REPRICE : 1:24 PM - Provident Funding Worse..." MBS Live Chat - 1:26PM "REPRICE : 1:26 PM - Sierra Pacific Worse..." MBS Live Chat - 1:31PM "REPRICE : 1:31 PM - M&T Bank Worse..." MBS Live Chat - 3:50PM "reprice round 2?..." MBS Live Chat - 3:50PM "it just keeps getting worse and worse..." MBS Live Chat - 3:50PM "2nd round of reprice here we come..." MBS Live Chat - 3:51PM "REPRICE : 3:51 PM - Everbank Worse..." MBS Live Chat - 3:53PM "REPRICE : 3:53 PM - Interbank Worse..." MBS Live Chat - 4:09PM "REPRICE : 4:09 PM - Everett Financial Worse..." MBS Live Chat - 4:11PM "REPRICE : 4:11 PM - Plaza Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.67% +0.04 15 Yr FRM 2.83% +0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.77% +0.04 5/1 Yr ARM 3.02% +0.02 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 3.0 102.53 -0.41 30YR FNMA 3.5 105.17 -0.23 30YR GNMA 3.0 104.05 -0.53 30YR GNMA 3.5 107.19 -0.44 15YR FNMA 3.0 104.95 -0.19 15YR FNMA 2.5 103.50 -0.22 Treasuries Yield Change 2 YR 0.2490% +0.0082 5 YR 0.8572% +0.0358 10 YR 1.9783% +0.0645 30 YR 3.1956% +0.0723 Prices as of: 5/14/2013 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.