Daily Newsletter: Home Prices Growing Slower; Declining in some Spots; Rates Higher After Yellen Testimony; Credit Availability Improving

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

30 Year Fixed 4.36%   +0.04 15 Year Fixed 3.39%   +0.03 10YR Treasury 2.73%   +0.0530 FNMA 30YR 3.5 101.20   -0.47 FNMA 15YR 2.5 103.22   -0.27 View Today's Rates

Tuesday February 11, 2014 MND NewsWire - 10:52AM Home Prices Growing Slower; Declining in some Spots Home price movement was mixed across metropolitan areas (MSAs) in the fourth quarter of 2013 the National Association of Realtors® (NAR) said today. Median prices rose in fewer ... Mortgage Rate Watch - 4:59PM Mortgage Rates Higher After Yellen Testimony Mortgage rates were higher today following new Fed Chair Yellen's first scheduled testimony before the House Financial Services Committee. Most of the damage was done early in the day ... MBS Commentary - 12:21PM MBS MID-DAY: Bond Markets Markedly Weaker After Yellen Testimony If there was any doubt as to the market-moving potential of today's Congressional testimony from Janet Yellen, it was quickly cleared up this morning. Well before she began her question ... MND NewsWire - 10:29AM Price Expectations Moderating; Credit Availability Improving -Fannie Survey Fannie Mae said today that an improvement in American's attitudes about the ease of getting a mortgage may offset a declining perception about home prices, allowing for continued if ... Barclays Lay-Offs; Fifth Third Cuts Washington; Indiana Mortgage Company Purchased Despite new Regs Credit Eased in January MBS Day Ahead: Bond Markets on Verge of Breaking 2014 Trend Latest Video Wells Fargo CFO: In midst of good housing recovery Home prices gain less Yellen: QE pushed down mortgage rates More News from 'Around the Web' National Housing Conference - 5:32PM The affordable housing future must include manufactured housing WSJ - 5:31PM Is U.S. Housing Unaffordable? It Depends on How You Chart It WSJ - 5:31PM Yellen Succeeds on the Hill by Not Delivering 'Color' Market Watch - 3:10PM Goldman, BofA face $16 billion in FHFA-related fines www.aei-ideas.org - 3:10PM Why is Janet Yellen so concerned and disturbed about income inequality? WSJ - 1:34PM California's Affordable Housing Crisis CNBC - 1:33PM Fewer affordable houses, even as credit eases Market Watch - 1:21PM Treasurys hold losses after 3-year note auction WSJ - 12:45PM Fed Urges Emerging Markets to Take Heftier Policy Actions to Stem Capital Flight CNBC - 12:41PM Fed's Plosser 'worried' about rate moves www.gallup.com - 10:56AM U.S. Economic Confidence at Lowest Level Since December business.time.com - 10:56AM Your Homeowner's Insurance Is Soaring Thanks to Hail From 5 Years Ago CNBC - 10:53AM Yellen defends Fed, cites 'unusual times' Reuters - 9:33AM Tough winter making U.S. economic assessment difficult: Fed's Plosser CNBC - 9:28AM Yellen sees better economy, less money-printing CNBC - 8:16AM Should bankers swear an oath to God? CNBC - 8:15AM US bonds await Yellen testimony to Congress Bloomberg - 12:03AM Treasury Futures Are Near Three-Month High Before Yellen Speaks - Bloomberg blog.redfin.com - 12:03AM Home Inspection 101 – What We Cover in Class www.cfpbmonitor.com - 12:03AM CFPB explores HMDA changes Today's Comments MBS Live Chat - 2:24PM "I hate to add more bureacracy, but we need a national housing policy. What is the federal government's role, if any, in the housing market?..." MBS Live Chat - 2:25PM "How about we just dismantle a few first before we create more?..." MBS Live Chat - 2:25PM "I would be very hard pressed to ever say more gov is the answer..." MBS Live Chat - 2:27PM "Government guarantee seems to be worth more than anything private market participation can come up with..." MBS Live Chat - 2:27PM "I think government involvement in the housing market is probably at its historical height. Are we okay with this platform? I am...." MBS Live Chat - 2:27PM "Seriously, without a government backstop, the mortgage market would be even more convoluted...." MBS Live Chat - 2:29PM "Government should have a sub-prime GSE.....I've been saying that since 2007..." MBS Live Chat - 2:29PM "they do..." MBS Live Chat - 2:29PM "fha..." MBS Live Chat - 2:29PM "I think the platform could be tweaked a bit. And that's probably what we'll end up with, as opposed to an outright death of Fannie/Freddie...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.36% +0.04 15 Yr FRM 3.39% +0.03 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.27% +0.04 5/1 Yr ARM 3.25% +0.01 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 4.47% 0.25 -0.05 15 Yr. Fixed 3.53% 0.28 -0.06 30 Yr. Jumbo 4.42% 0.11 -0.05 30 Yr. FHA 4.12% 0.15 -0.06 5/1 ARM 3.15% 0.41 -0.10 Freddie Mac ** 30 Yr. Fixed 4.23% 0.70 -0.09 15 Yr. Fixed 3.33% 0.70 -0.07 1 Yr. ARM 2.51% 0.50 -0.04 5/1 Yr. ARM 3.08% 0.50 -0.04 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 96.80 -0.48 30YR FNMA 3.5 101.20 -0.47 30YR GNMA 3.0 98.77 -0.34 30YR GNMA 3.5 102.59 -0.42 15YR FNMA 3.0 103.22 -0.27 15YR FNMA 2.5 100.23 -0.33 Treasuries Yield Change 2 YR 0.3351% +0.0238 5 YR 1.5344% +0.0606 10 YR 2.7259% +0.0530 30 YR 3.6898% +0.0344 Prices as of: 2/11/2014 4:29PM 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.