Daily Newsletter: Mortgage Rates Hit New 4-Month Lows; Home Prices Rise but Pace Slows; Delinquencies Rose in September; Mortgage Activity Flat Despite Lower Rates

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

30 Year Fixed 4.10%   -0.04 15 Year Fixed 3.27%   -0.03 10YR Treasury 2.50%   -0.0162 FNMA 30YR 3.5 102.70   +0.13 FNMA 15YR 2.5 103.92   -0.03 View Today's Rates

Wednesday October 23, 2013 Mortgage Rate Watch - 4:57PM Mortgage Rates Continue to New 4-Month Lows Mortgage rates fell again today, but at a gentler pace than yesterday, bringing them to new 4-month lows. With no meaningful economic data to influence rates, the positive momentum ... MND NewsWire - 12:38PM Home Prices Rise for 19th Straight Month; Pace Decelerating Home prices posted a 19 th consecutive monthly gain in August the Federal Housing Finance Agency (FHFA) said on Wednesday. FHFA's purchase only Home Price Index (HPI) rose 0.3 percent ... MND NewsWire - 10:58AM Delinquency Rate Jumped in September The national foreclosure rate jumped over 4 percent in September Lender Processing Services, Inc. (LPS) said today, but the foreclosure inventory continued to decline. LPS, a data and ... MND NewsWire - 9:11AM Mortgage Activity Flat Despite Falling Rates The volume of mortgage applications received by the nation's lenders was virtually unchanged during the week ended October 18 the Mortgage Bankers Association (MBA) said today. MBA ... MBS RECAP: Post-Payrolls Rally Extends Despite Afternoon Weakness HARP Date Change; New Coop & Wholesaler; Setback for Jumbo Securities; MBA Conference Coming Up! Regulators Give Lenders Green Light to Offer Fewer Options Fannie and Freddie Announce Expanded HARP Eligibility Dates California Home Sale Contracts Fall but Equity Share Increases New Homes Lead Construction Spending Higher Latest Video Overall mortgage business is down: Quicken Loans founder JPM's ballooning mortgage payouts Jury: BofA defrauded Fannie Mae and Freddie Mac More News from 'Around the Web' WSJ - 5:29PM Rate Buydowns a Downer for Home Builders www.corelogic.com - 4:44PM CoreLogic Reports Third Quarter 2013 Financial Results CNBC - 4:15PM What more Fed easing means for mortgage rates www.cfpbmonitor.com - 4:14PM CFPB announces new online tool for viewing regulations Bloomberg - 3:51PM BofA's Countrywide Found Liable for Defrauding US - Bloomberg Market Watch - 3:15PM Fannie, Freddie go back over $2 mark Bloomberg - 2:38PM Fed Stimulus Still Makes Sense for Economy, Goldman's Cohn Says - Bloomberg Reuters - 1:20PM Higher interest rates to weigh on U.S. homebuilder earnings The Big Picture - 12:45PM How Much is QE Driving Equity Markets? (Hint: Not 100%) Google News - 12:43PM How the Housing Recovery Will Become Sustainable CNBC - 12:42PM Home affordability sinks as housing slows WSJ - 10:59AM Secondary Sources: QE Downsides, European Animosities, Ben Bernankepoulos CNBC - 10:58AM ECB's Draghi: New bank stress tests 'just the beginning' www.americanprogress.org - 9:29AM A Guide to Housing Finance Reform CNBC - 9:28AM The truth about that awful JPMorgan settlement FHFA - 9:17AM FHFA House Price Index Up 0.3 Percent in August www.lpsvcs.com - 9:13AM LPS' September "First Look" Mortgage Report: Delinquencies Up Slightly, Still Down Year-Over-Year Bloomberg - 8:40AM Blackstone Funding Largest U.S. Single-Family Rentals CNBC - 8:36AM Mortgage applications fall, even as rates drop Today's Comments MND NewsWire - 6:43AM "Couldn't agree more. They should move it at least 1 year and even better would be to the end of 2010...." MBS Live Chat - 2:43PM "fyi regarding the MI question from earlier, this is from radians customer service for what it's worth: Radian does not have any minimum requirements or minimum amount of time as to the length of time that a borrower must keep MI. However, some lenders and investors may have minimum requirements and minimum..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.10% -0.04 15 Yr FRM 3.27% -0.03 FHA 30 Year Fixed 3.84% -0.04 Jumbo 30 Year Fixed 4.14% -0.06 5/1 Yr ARM 3.17% +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 4.28% 0.70 +0.05 15 Yr. Fixed 3.33% 0.70 +0.02 1 Yr. ARM 2.63% 0.40 -0.01 5/1 Yr. ARM 3.07% 0.40 +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 98.75 +0.19 30YR FNMA 3.5 102.70 +0.13 30YR GNMA 3.0 99.72 +0.06 30YR GNMA 3.5 103.66 -0.06 15YR FNMA 3.0 103.92 -0.03 15YR FNMA 2.5 101.11 0.00 Treasuries Yield Change 2 YR 0.3108% +0.0163 5 YR 1.2799% -0.0033 10 YR 2.4962% -0.0162 30 YR 3.5888% -0.0231 Prices as of: 10/23/2013 4:27PM 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.