Daily Newsletter: Worst Day for Mortgage Rates in 4 Years; Home Prices Back to 2003 Levels, Appreciation Accelerating

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

30 Year Fixed 4.00%   +0.19 15 Year Fixed 3.14%   +0.17 10YR Treasury 2.17%   +0.1581 FNMA 30YR 3.5 103.39   -1.17 FNMA 15YR 2.5 103.75   -0.78 View Today's Rates

Tuesday May 28, 2013 Mortgage Rate Watch - 6:16PM Mortgage Rates Vault Catastrophically Higher There is no adequately descriptive language for movement in Mortgage rates today. "Vaulting catastrophically higher" only begins to capture the brutality of the movement. Until today ... MND NewsWire - 2:37PM LPS Home Price Gains Match Case-Shiller; Appreciation Accelerating The latest in the monthly rollout of reports on the housing sector's recovery, as reflected in house prices, came today with Case Shiller earlier and continued with Lender Processing ... MND NewsWire - 10:45AM Average Home Prices Back to Late 2003 Levels S&P Dow Jones reported today that both its 10-City and 20-City Case-Shiller Composite Indices posted increases in the first quarter of 2013 that were more than 10 percent above ... MBS Commentary - 8:54PM MBS RECAP: Worst Day of Losses Since Black Wednesday MBS Live : MBS Afternoon Market Summary An adapted excerpt from tonight's ratewatch post : If we had been fighting a battle for low rates, morale was high heading into the end of April ... Lenders Comfortable with New Reps and Warranty Process, Concerned About Quality Control Reviews MBS SPECIAL ALERT: Melt-Down Continues. Rate Sheets Destroyed Readers Weigh in on Compensation Based on Channel and Source; QM & ATR MBS MID-DAY: A Full Point Sell-Off in First 3 Hours The Week Ahead: Revisiting Familiar Battlegrounds, for Better or Worse Latest Video Santelli: Collateral Damage of QE Exit Sustainable Recovery In Housing? Will Housing Drive the Economy? More News from 'Around the Web' Reuters - 8:56PM Analysis: Housing price gains mask lingering market weaknesses WSJ - 2:48PM Don't Believe New Housing Bubble Hype WSJ - 2:48PM Study: How Using Homes as ATMs Fueled Foreclosures www.lpsvcs.com - 12:58PM LPS Home Price Index Report: March Transactions CNBC - 1:53PM The Fed vs. Congress: Who is Enabling Whom? WSJ - 2:51PM Real Estate News: Flippers Ride Housing Wave–Again CNBC - 11:06AM Asset Purchases Taper Is Least of Banks' Worries CNBC - 10:44AM Home Price Gains Go to Double Digits CNBC - 10:44AM Homebuilders Ride the Wave of US Housing Recovery CNBC - 10:44AM US Consumer Confidence Surges to Highest Level in Five Years in May Google News - 10:44AM NAR: Commercial Real Estate Fundamentals Improving, Lending Tight for Small Business www.lpsvcs.com - 9:25AM Fidelity National Financial, Inc. to Acquire Lender Processing Services, Inc. for $33.25 per Common Share; Pro-Forma 2012 Earnings Accretion of 11.3% CNBC - 9:19AM Boom Is Back: US Home Prices Jump Most in Seven Years CNBC - 9:13AM US Metropolitan Home Prices Rose 10.9% in March From a Year Earlier: S&P/Case-Shiller www.philadelphiafed.org - 9:07AM Analysis: April Housing Permits Data Today's Comments MBS Live Chat - 1:55PM "feel like giving a shout out to the chat community on here, I am a lone wolf, independent broker and I dont have an office, or a boss, just 1 assistant, and this last week especially it is nice to feel a part of this community and take in everyone opinions..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.00% +0.19 15 Yr FRM 3.14% +0.17 FHA 30 Year Fixed 3.55% +0.20 Jumbo 30 Year Fixed 4.25% +0.32 5/1 Yr ARM 2.95% -0.07 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.96% 0.83 +0.12 30 Yr. Fixed 3.74% 1.06 +0.12 MBA ** 30 Yr. Fixed 3.78% 0.39 +0.11 15 Yr. Fixed 2.96% 0.32 +0.08 30 Yr. Jumbo 3.93% 0.36 +0.06 30 Yr. FHA 3.53% 0.13 +0.10 5/1 ARM 2.60% 0.23 +0.05 Freddie Mac ** 30 Yr. Fixed 3.59% 0.70 +0.08 15 Yr. Fixed 2.77% 0.70 +0.08 1 Yr. ARM 2.55% 0.40 +0.00 5/1 Yr. ARM 2.63% 0.50 +0.01 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 3.0 100.20 -1.41 30YR FNMA 3.5 103.39 -1.17 30YR GNMA 3.0 101.34 -1.61 30YR GNMA 3.5 104.86 -1.56 15YR FNMA 3.0 103.75 -0.78 15YR FNMA 2.5 101.73 -0.97 Treasuries Yield Change 2 YR 0.2923% +0.0410 5 YR 1.0149% +0.1267 10 YR 2.1688% +0.1581 30 YR 3.3261% +0.1507 Prices as of: 5/28/2013 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.