Daily Newsletter: Housing Market Skewed Toward Investors; All-Cash Purchases Surge; Rates Hold at 4-Month Lows

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30 Year Fixed 4.10%   +0.00 15 Year Fixed 3.26%   -0.01 10YR Treasury 2.52%   +0.0199 FNMA 30YR 3.5 102.58   -0.13 FNMA 15YR 2.5 103.88   -0.05 View Today's Rates

Thursday October 24, 2013 MND NewsWire - 9:50AM Housing Market Skewed Toward Investors; All-Cash Purchases Surge There was a substantial increase in September in the purchasing activity of what it called institutional investors RealtyTrac said today. Persons or institutions who have purchased ... Mortgage Rate Watch - 3:39PM Mortgage Rates Little Changed Near 4-Month Lows Mortgage rates held steady for the most part on Thursday, keeping them in line with 4 Month Lows (a milestone reached last Friday ). There were slight variations in closing costs between ... MND NewsWire - 12:34PM Remodeler Confidence Highest in almost a Decade Builders who remodel residential properties are seeing continued activity in their segment of the homebuilding market the National Association of Home Builders (NAHB) said today. The ... MBS Commentary - 5:19PM MBS RECAP: Light Activity and Incidental Weakness MBS Live : MBS Afternoon Market Summary Today was another session where the movement is best characterized as "incidental"--that is to say, bond markets didn't set out with any salient ... Jury Rules against Countrywide, in Whistleblower Suit Update from the Agencies and Informal Notes QM; Lender Updates Home Prices Rise for 19th Straight Month; Pace Decelerating Delinquency Rate Jumped in September Mortgage Activity Flat Despite Falling Rates Latest Video Fannie & Freddie will not lower loan limits Are the markets overbought? Bubble brewing in the Hamptons? More News from 'Around the Web' Bloomberg - 5:07PM Can JPMorgan Settle the Entire Financial Crisis? - Bloomberg www.cfpbmonitor.com - 5:06PM CFPB joins interagency statement on qualified mortgage fair lending risks Reuters - 4:07PM Wells Fargo waives October mortgage fees for late payers Reuters - 4:07PM Fannie, Freddie to finish sorting out loan disputes by year end FHFA - 3:49PM "Getting Our House In Order" - FHFA's Demarco CNBC - 3:41PM US extends backing for higher-priced mortgages www.sigtarp.gov - 3:19PM Seven Charged In Connection With Nationwide Multi-Million Dollar Mortgage Fraud Scheme The Big Picture - 3:17PM Long Term Unemployed WSJ - 3:15PM Currency Talk: Dollar Weakness Here to Stay Amid U.S. Uncertainty Bloomberg - 2:04PM Citigroup Said to Offer $63 Billion in Mortgage-Servicing Rights - Bloomberg www.aei-ideas.org - 1:36PM Six years after the start of the Great Recession, time for the Fed to start easing monetary policy Market Watch - 11:47AM Bank of America to cut 3,000 jobs in mortgage unit Reuters - 10:51AM JPMorgan may face federal sanctions over Madoff ties: NY Times CNBC - 10:25AM Earnings parade: Few misses, no real big hits NAHB - 10:25AM Remodeling Market Index Climbs For Second Quarter in a Row freddiemac.mwnewsroom.com - 10:13AM Fixed Mortgage Rates Drop to Four Month Low Reuters - 10:13AM U.S. Fed launches bank liquidity plan, says tougher than Basel freddiemac.mwnewsroom.com - 10:00AM Freddie Mac Announces Seventeenth Multifamily Securities Offering This Year, K-F02 Bloomberg - 10:00AM Consumer Confidence in U.S. Declines to Lowest in Eight Months - Bloomberg Reuters - 10:00AM U.S. manufacturing growth slows in October, disrupted by government shutdown: Markit Today's Comments MBS Live Chat - 2:20PM "the wells posted fha rate went from 4-1/8 to 3-7/8 today and then back up to 4-1/8... whenever that happens, we here on the secondary market side think that once they lowered it, they saw a huge rush of demand and had to raise it back to stem the tide..." MBS Live Chat - 2:22PM "they just laid off thousands of ops staff, they probably are not staffed to handle a new surge..." MBS Live Chat - 2:23PM "GR - WF "prior approval" - stuff that correspondents aren't allowed to u/w went from 3 bus days to 7-10 recently..." MBS Live Chat - 2:23PM "curbing the volume of new apps may be the intended outcome..." MBS Live Chat - 3:30PM "RTRS- REGULATOR SAYS IT WILL PROVIDE SIX-MONTH NOTICE BEFORE LOWERING THE CAP ON LOANS FANNIE, FREDDIE BACK..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.10% +0.00 15 Yr FRM 3.26% -0.01 FHA 30 Year Fixed 3.83% -0.01 Jumbo 30 Year Fixed 4.12% -0.02 5/1 Yr ARM 3.15% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.62% 1.06 +0.18 30 Yr. Fixed 4.49% 1.21 +0.22 MBA ** 30 Yr. Fixed 4.39% 0.41 -0.07 15 Yr. Fixed 3.51% 0.30 -0.02 30 Yr. Jumbo 4.43% 0.26 -0.08 30 Yr. FHA 4.15% 0.27 -0.01 5/1 ARM 3.25% 0.26 +0.00 Freddie Mac ** 30 Yr. Fixed 4.13% 0.80 -0.15 15 Yr. Fixed 3.24% 0.60 -0.09 1 Yr. ARM 2.60% 0.50 -0.03 5/1 Yr. ARM 3.00% 0.40 -0.07 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 98.64 -0.11 30YR FNMA 3.5 102.58 -0.13 30YR GNMA 3.0 99.64 -0.08 30YR GNMA 3.5 103.58 -0.08 15YR FNMA 3.0 103.88 -0.05 15YR FNMA 2.5 101.05 -0.06 Treasuries Yield Change 2 YR 0.3069% -0.0039 5 YR 1.2978% +0.0179 10 YR 2.5161% +0.0199 30 YR 3.6102% +0.0214 Prices as of: 10/24/2013 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. 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