Daily Newsletter: Mortgage Rates Surge Lower; Housing Not so Bad; Best Month for MBS in 2 Years

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

30 Year Fixed 4.34%   -0.07 15 Year Fixed 3.37%   -0.07 10YR Treasury 2.65%   -0.0473 FNMA 30YR 3.5 101.56   +0.31 FNMA 15YR 2.5 103.25   +0.19 View Today's Rates

Friday January 31, 2014 Mortgage Rate Watch - 4:16PM Mortgage Rates End Month Triumphantly Lower Mortgage rates moved forcefully lower today, bringing them well past previous 2014 lows and back in line with levels not seen since November 19th. Overnight weakness in equities and ... MND NewsWire - 12:51PM Housing Might Not be Looking so bad After All "The familiar saying that housing brings the economy out of recessions did not hold true this time around," according to David Crowe, Chief Economist for the National Association of ... MBS Commentary - 4:17PM MBS RECAP: Steady at Higher Prices to end Best Month in 2 Years Although we have just under an hour of trading left in the day, if MBS were to end right at current levels, January would be the strongest month of gains in over 2 years, beating out ... Pipeline Press - 10:23AM More on Appraisals; Provident's Broker Comp Info; Can Small Banks Continue Doing Home Loans? As a reminder, since I am still being asked about it, along with a number announcements and policy amendments taking effect on the 1 st of January, the CFPB has increased two important ... BofA One Step Closer to Swallowing $8.5 bln Countrywide Pill Home Equity Loans Mark Exception to Easing Credit Standards Pending Sales Slide 7th Straight Month; Lowest in 2+ Years Latest Video The Santelli Exchange: The notion of a 'correction' $8.5 billion BofA settlement stands Ben Bernanke leaves the office today More News from 'Around the Web' Bloomberg - 4:56PM Freddie Mac Said to Plan $1 Billion of Risk-Sharing Securities - Bloomberg CNBC - 4:56PM And now, batting cleanup, Ben S. Bernanke S&P/Case Shiller - 3:36PM Housing and Bonds: Déjà vu All Over Again CNBC - 3:34PM Is the debt-limit battle really over? Bloomberg - 3:32PM Fed's Williams Says Emerging Markets Don't Change U.S. Outlook - Bloomberg WSJ - 1:43PM Rental Housing Grows More Scarce, Driving Rents Up Reuters - 1:39PM Yellen to deliver second day of testimony on February 13 Bloomberg - 1:38PM BofA's $8.5 Billion Mortgage Bond Accord Approved by Judge - Bloomberg CNBC - 1:15PM Seattle beats Denver...in housing and energy WSJ - 11:23AM Fed's George: Still Worried by Long-Term Risk of Current Fed Policy CNBC - 10:32AM US consumer sentiment dips in January Bloomberg - 10:30AM Mortgage Bonds Poised for Biggest Gains Since 2008 in Reversal - Bloomberg CNBC - 10:27AM Chicago PMI shows prices rising as jobs ebb Market Watch - 9:28AM Treasurys set for best month since 2012 after data Reuters - 9:27AM U.S. consumer spending rises in December, income flat Bloomberg - 8:02AM Bernanke Secret Sauce Drops Effective Fed Rate as QE Quantified - Bloomberg Bloomberg - 8:01AM Wall Street Bonds Draw Scrutiny Where Subprime Spread: Mortgages - Bloomberg Bloomberg - 8:00AM Fannie Mae Fix Fades as Senate Democrats Split on Plans - Bloomberg CNBC - 7:47AM US bonds boosted by 'safe-haven' bid Today's Comments MBS Live Chat - 12:53PM "except it is a excellent day to lock..." MBS Live Chat - 12:54PM "i agree victor - i've locked one and will lock 1-2 more..." MBS Live Chat - 12:55PM "i vote for locking what you have for new loans today...." MBS Live Chat - 1:22PM "FHA experts, can a 2nd FHA appraisal be used to dispute the value of an appraisal that is already logged?..." MBS Live Chat - 1:30PM "No. Can only have one active FHA appraisal at a time...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.34% -0.07 15 Yr FRM 3.37% -0.07 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.25% -0.06 5/1 Yr ARM 3.21% -0.04 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.61% 1.06 -0.10 30 Yr. Fixed 4.48% 1.36 -0.10 MBA ** 30 Yr. Fixed 4.52% 0.40 -0.05 15 Yr. Fixed 3.59% 0.26 -0.09 30 Yr. Jumbo 4.47% 0.27 -0.10 30 Yr. FHA 4.18% 0.33 -0.06 5/1 ARM 3.25% 0.33 +0.02 Freddie Mac ** 30 Yr. Fixed 4.32% 0.70 -0.07 15 Yr. Fixed 3.40% 0.60 -0.04 1 Yr. ARM 2.55% 0.40 +0.01 5/1 Yr. ARM 3.12% 0.50 -0.03 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 97.36 +0.39 30YR FNMA 3.5 101.56 +0.31 30YR GNMA 3.0 99.13 +0.41 30YR GNMA 3.5 102.94 +0.30 15YR FNMA 3.0 103.25 +0.19 15YR FNMA 2.5 100.39 +0.23 Treasuries Yield Change 2 YR 0.3317% -0.0158 5 YR 1.4918% -0.0214 10 YR 2.6476% -0.0473 30 YR 3.6011% -0.0322 Prices as of: 1/31/2014 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. © 2014 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.