Daily Newsletter: Mortgage Rates Near 2-Month Highs; New Housing Proposals Could Mean Tighter Credit; Proposed AMC Legislation

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

30 Year Fixed 4.54%   +0.05 15 Year Fixed 3.53%   +0.02 10YR Treasury 2.72%   -0.0036 FNMA 30YR 3.5 100.64   +0.05 FNMA 15YR 2.5 102.73   +0.05 View Today's Rates

Monday March 31, 2014 Mortgage Rate Watch - 2:43PM Mortgage Rates Near Highest Levels in More Than 2 Months Mortgage rates continued higher today, as part of a 2 day move following 5 straight days of improvement. Nearly all of that improvement has been erased and rates are now in line with ... MND NewsWire - 3:48PM New Housing Proposals Will Only Make Credit Conditions Tighter - Report Dr. Kenneth Rosen, Chairman, Fisher Center for Real Estate and Urban Economics and Professor Emeritus, University of California, Berkley emerges as a bit of a contrarian in an article ... Pipeline Press - 9:26AM FBI Investigating Flood Maps; Jumbo Production Forecast Falls; Proposed AMC Legislation Before heading to Wisconsin for a few days, over the weekend I called The Bellagio to find out the betting lines on the PATH Act, Johnson-Crapo, Corker-Warner, and now Maxine Waters ... MBS Commentary - 8:00AM MBS Week Ahead: Serious Monotony Problem for Bond Markets; Time to Move on? For most of 2013, the mission was clear for bond markets. It mostly involved rapid selling and significant amounts of pain for any fans of low interest rates. After a brief correction ... MBS RECAP: Bond Markets Inch Back Toward Positive Territory After Volatile Morning A Look at Housing's One-Percenters Latest Video Yellen: Labor market slack shows still room for Fed help Bill Ackman increases bet on Freddie & Fannie Is Dodd-Frank hurting mid-sized banks? More News from 'Around the Web' WSJ - 5:27PM Financial Stability Board Warns Sharp Market Adjustments May Expose System Vulnerabilities www.justice.gov - 5:27PM Seven Indicted in Florida in Mortgage Scheme CNBC - 5:27PM Pimco's Bill Gross has company in bond misery CFPB - 3:34PM Compliance guide for TILA-RESPA Integrated Disclosure Rule available now www.aei-ideas.org - 2:32PM 'Large numbers of people will have to no choice but to invent their own jobs …' CNBC - 2:28PM Top Wall Street cop: Heads are going to roll Reuters - 1:40PM Wall Street groups pan U.S. SEC's asset-backed securities draft plan CNBC - 1:38PM ACA deadline spurs enrollment flood www.frbsf.org - 1:36PM Career Changes Decline during Recessions www.cfpbmonitor.com - 12:45PM Report says CFPB representatives will not appear at House hearing on alleged CFPB employee discrimination CNBC - 12:13PM Real estate's red-hot category: Apartments Reuters - 10:51AM Yellen strongly defends easy Fed policies, cites U.S. labor slack CNBC - 10:51AM US Midwest business activity falls CNBC - 10:50AM Ackman boosts his bets on Fannie Mae, Freddie Mac Federal Reserve - 10:50AM Yellen, What the Federal Reserve is Doing to Promote a Stronger Job Market CNBC - 10:00AM Yellen: Fed's 'extraordinary commitment' needed The Atlantic - 9:41AM How You, I, and Everyone Got the Top 1 Percent All Wrong Market Watch - 9:36AM U.S. too-big-to-fail subsidy as high as $70 billion, IMF says Reuters - 8:32AM Futures climb with Yellen on tap CNBC - 8:31AM More investors yielding to bonds' charms again Today's Comments MBS Live Chat - 9:52AM "RTRS- FED'S YELLEN: EXTRAORDINARY COMMITMENT TO STIMULUS WILL BE NEEDED FOR SOME TIME, A VIEW WIDELY SHARED BY FELLOW POLICYMAKERS..." MBS Live Chat - 9:52AM "extraordinary commitment!..." MBS Live Chat - 9:52AM "RTRS- YELLEN: CUTS TO BOND BUYING NOT A LESSENING OF COMMITMENT, BUT REFLECTION OF SOME LABOR MARKET PROGRESS..." MBS Live Chat - 9:53AM "pretty bond friendly statements..." MBS Live Chat - 10:13AM "so, pretty bad data on a top tier report, bond friendly yellen, yet we are back to lows and stocks are on fire..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.54% +0.05 15 Yr FRM 3.53% +0.02 FHA 30 Year Fixed 4.05% +0.05 Jumbo 30 Year Fixed 4.30% +0.03 5/1 Yr ARM 3.25% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.80% 1.10 +0.13 30 Yr. Fixed 4.67% 1.44 +0.13 MBA ** 30 Yr. Fixed 4.56% 0.29 +0.06 15 Yr. Fixed 3.62% 0.24 +0.10 30 Yr. Jumbo 4.45% 0.27 +0.06 30 Yr. FHA 4.16% 0.23 +0.03 5/1 ARM 3.22% 0.32 +0.13 Freddie Mac ** 30 Yr. Fixed 4.40% 0.60 +0.08 15 Yr. Fixed 3.42% 0.60 +0.10 1 Yr. ARM 2.44% 0.40 -0.05 5/1 Yr. ARM 3.10% 0.50 +0.08 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 96.58 +0.09 30YR FNMA 3.5 100.64 +0.05 30YR GNMA 3.0 98.38 +0.06 30YR GNMA 3.5 102.05 +0.02 15YR FNMA 3.0 102.73 +0.05 15YR FNMA 2.5 99.94 +0.02 Treasuries Yield Change 2 YR 0.4261% -0.0274 5 YR 1.7184% -0.0295 10 YR 2.7190% -0.0036 30 YR 3.5616% +0.0135 Prices as of: 3/31/2014 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.