Daily Newsletter: Home Prices Nearing Pre-Crash Levels; Rates Continue Lower; Multifamily/Commercial Real Estate Staying Strong

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

30 Year Fixed 4.61%   -0.06 15 Year Fixed 3.71%   -0.05 10YR Treasury 2.79%   -0.0311 FNMA 30YR 3.5 99.72   +0.41 FNMA 15YR 2.5 102.16   +0.31 View Today's Rates

Monday August 26, 2013 MND NewsWire - 11:37AM National Home Prices Nearing Pre-Crash Levels Home prices keep edging closer to pre-crash price levels and today's Home Price Index report from Lender Processing Services (LPS) indicates that national prices are now back within ... Mortgage Rate Watch - 5:15PM Mortgage Rates Continue Lower as Data Disappoints Mortgage rates continued lower today after a weaker-than-expected economic report this morning from the manufacturing sector. Not only does weak economic data put downward pressure ... MND NewsWire - 12:33PM Multifamily Sector Continues to Lead Commercial Real Estate Resurgence All four sectors of commercial real estate continue to experience growth, but at different rates, the National Association of Realtors® (NAR) said today. The Association's quarterly ... MBS Commentary - 6:58AM The Week Ahead: Lots of Data and Fed Speakers The week ahead is very different from the week past. Fed speakers will be out in greater numbers and economic data arrives in abundance. Top that off with Treasury Auctions, 'Month ... MBS RECAP: Strong All Day Following Weak Data, Light Supply, and Geopolitical Risk Reg. Z Appraisal Reminder; Can LO Commission Change Due to Investor? Do LO Fingerprints Expire? Readers Contribute: Rapid Rescoring, Defining Affiliated Business Relationships, Renting Space in a Realtor's Office and Appraisal Compliance OIG Recommends Expanded Review Policy for GSE Settlements Mortgage Servicers Have Issues According to CFPB Now Can We Talk About Rising Rates Hurting Housing?! Foreclose Timelines; VA Net Value Change; Bank & Credit Union M&A Rolls on Unabated Latest Video Housing: Hot or not? Santelli Exchange: Weak durables rates What housing recovery? More News from 'Around the Web' www.lpsvcs.com - 5:06PM LPS' July "First Look" Mortgage Report Washington Post - 5:04PM Kerry's Syria presser: That was a war speech business.time.com - 4:11PM U.S. Stocks Sag Following Kerry Remarks www.cfpbmonitor.com - 4:06PM CFPB releases financial update CNBC - 4:05PM Treasury to reach debt limit by mid-October-report The Big Picture - 3:20PM The Bernanke Years CNBC - 3:11PM Analysis: The case against Fed tapering this year PR Newswire - 12:35PM Fla.'s Housing Market Continues Positive Track in July 2013 www.lpsvcs.com - 11:19AM LPS Home Price Index Report: June Transactions WSJ - 11:18AM July Business Investment Drops While Interest Rates Rise Google News - 11:17AM Commercial Real Estate Markets Show Steady, Moderate Growth Washington Post - 11:16AM This awesome video explains how to read the jobs data Washington Post - 11:12AM Poll: Economists anticipate Fed to pull back in fourth quarter Bloomberg - 11:11AM Eminent Domain Scheme Has a Tax Problem - Bloomberg Washington Post - 10:50AM The most qualified candidate for Fed chair isn't Summers or Yellen. It's this guy. CNN - 10:18AM Trump defends his school, prosecutor calls it 'a scam' CNBC - 9:13AM US durable goods plunge in July, cast shadow over Q3 CNBC - 9:12AM Calif. City Looks to Seize Loans Washington Post - 7:30AM The crisis is over. The challenges for central bankers are only beginning. Washington Post - 7:30AM EverBank to pay $43 million in foreclosure settlement Today's Comments MBS Live Chat - 2:15PM "Those that walked away for other reasons (strategic default) will not meet the guidelines...." MBS Live Chat - 2:17PM "Right, DN. They won't feel too strategic if they're looking to buy again...." MBS Live Chat - 2:18PM "I see it helping more Ch. 7 folks than SS or FC. Ch.7 more result of a job loss than a SS or FC...." MBS Live Chat - 2:20PM "If FHA wants to help borrowers and bring in more 1st time homebuyers, they should reduce their MIP fees and go back to MIP drop off of 78% LTV..." MBS Live Chat - 2:21PM "They also must complete HUD approved counseling at least 30 days PRIOR to application as well. Lots of hurdles and hand holding. But I'm sure it looks good in the press. HUD is paving the way to homeownership again!..." MBS Live Chat - 2:22PM "Plus they have to be lefthanded, so that knocks quite a few folks out...." Pipeline Press - 2:28PM "With appraisal standards now equal across the board, shouldn't the appraisals be more portable not less so? I understand the lenders do not want borrowers moving to their competitors but if they can not provide a loan to the borrower, and the borrower paid for the appraisal, then I think that it should..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.61% -0.06 15 Yr FRM 3.71% -0.05 FHA 30 Year Fixed 4.31% -0.04 Jumbo 30 Year Fixed 4.62% -0.03 5/1 Yr ARM 3.28% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.04% 0.78 +0.24 30 Yr. Fixed 3.76% 1.06 +0.18 MBA ** 30 Yr. Fixed 4.68% 0.42 +0.07 15 Yr. Fixed 3.71% 0.32 +0.05 30 Yr. Jumbo 4.74% 0.28 +0.10 30 Yr. FHA 4.40% 0.21 +0.07 5/1 ARM 3.44% 0.48 +0.05 Freddie Mac ** 30 Yr. Fixed 4.58% 0.80 +0.18 15 Yr. Fixed 3.60% 0.70 +0.16 1 Yr. ARM 2.67% 0.50 +0.00 5/1 Yr. ARM 3.21% 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 95.56 +0.56 30YR FNMA 3.5 99.72 +0.41 30YR GNMA 3.0 96.47 +0.64 30YR GNMA 3.5 100.80 +0.44 15YR FNMA 3.0 102.16 +0.31 15YR FNMA 2.5 99.00 +0.34 Treasuries Yield Change 2 YR 0.3681% -0.0121 5 YR 1.5884% -0.0349 10 YR 2.7890% -0.0311 30 YR 3.7684% -0.0312 Prices as of: 8/26/2013 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.