Daily Newsletter: Mortgage Rates Rise as Ukraine Risks Change Course; Summary of New Housing Reform Bill; Builders Concerned about Spring Market

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

30 Year Fixed 4.43%   +0.04 15 Year Fixed 3.45%   +0.03 10YR Treasury 2.69%   +0.0378 FNMA 30YR 3.5 100.78   -0.28 FNMA 15YR 2.5 103.03   -0.16 View Today's Rates

Monday March 17, 2014 Mortgage Rate Watch - 4:30PM Mortgage Rates Rise as Geopolitical Fears Subside Mortgage rates moved moderately higher today, erasing most of the improvement seen since Thursday afternoon. At that time, global markets including the bond markets that most directly ... MND NewsWire - 12:26PM Summary of Newly-Released Housing Reform Bill As promised last week, the leadership of the Senate Banking Committee has released draft legislation to revamp the nation's housing finance system. Chairman Tim Johnson (D-SD) and ranking ... MND NewsWire - 12:14PM Home Builders Remain Concerned about Spring Market Builder confidence as measured by the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) remained flat in March, rising only 1 point to 47 from February ... MND NewsWire - 3:43PM Seventh Straight Month of Lower Home Sales in California Closed sales of existing single-family homes slipped again in February, marking the seventh straight month of declining activity. The California Association of Realtors® (C.A.R ... Eminent Domain News; Community Bank Update; Clear Capital's Home Price Drop MBS RECAP: Bond Markets Continue Pricing Out Geopolitical Risk MBS Week Ahead: Geopolitical Risk Squares off with Busier Week of Economic Data Latest Video Cashin says: We're in the eye of the storm Behind the builder blues Pres. Obama authorizes sanctions on Russia More News from 'Around the Web' Calculated Risk Blog - 4:55PM Research: Tight Credit significantly impacting Purchase Mortgage Lending CNBC - 4:55PM Weather-plagued or improved, housing data in view CNBC - 4:54PM Baby boomers turn to reverse mortgages CNBC - 3:57PM New York collects record 'mansion tax' WSJ - 3:44PM Where Can a Teacher Afford to Buy a Home? Washington Post - 3:34PM The housing recovery is leaving minorities behind Reuters - 2:54PM Democratic lawmakers ask to meet Holder on mortgage fraud Market Watch - 2:52PM Are investors preparing for a correction? Bloomberg - 2:51PM Russia Sees Economy Tipping Into Crisis as Western Sanctions Hit - Bloomberg CNBC - 1:11PM 3 reasons 2008 crisis post-mortem shocked Buffett www.whitehouse.gov - 1:00PM Statement by the President on Ukraine Reuters - 11:33AM U.S. retirees return to reverse mortgages, big banks stay away WSJ - 11:03AM Vital Signs: Manufacturers Shake Off the Icicles NAHB - 10:58AM Home Builders are ?Bringing Housing Home? to Congress This Week www.ourbroker.com - 10:38AM Real Estate: How Down Payment Gifts Really Work CNBC - 10:12AM Home builders still cold on spring market Market Watch - 8:34AM Dear homeowner: Can I buy your house? Bloomberg - 12:40AM Senators Decry Crimea Referendum as Bogus After Visit - Bloomberg WSJ - 12:35AM What Can Take the Place of Fannie and Freddie? NAFCU - 12:35AM Johnson, Crapo release GSE bill text Today's Comments MBS Live Chat - 8:43AM "Looks like it has been a bit anticlimactic so far, at least compared to the build-up. In the same vein as Y2K..." MBS Live Chat - 8:42AM "JB: you may want to read the Week Ahead - third down on news stream..." MBS Live Chat - 8:47AM "Checked it out. Still seems like we're basically going onto Cold War footing with Russia over this. Putin's not going to leave, and will posture that he can go further if he wants. USA/NATO can only waggle fingers, read sternly worded referendums, and saber-rattle without losing face...." MBS Live Chat - 8:49AM "Right, so in the analogy, the sources of info leading us to believe it's a cold war scenario would be the modern day analogs of the folks on the news in late 1999 explaining how computers around the world could suddenly think the year was 1000 AD. Of course, things could be different this time, but so..." MBS Live Chat - 1:46PM "does anyone know the # of the mortgage letter from HUD that shows FHA Streams are not included in the Compare Ratio?..." MBS Live Chat - 2:10PM "http://portal.hud.gov/hudportal/documents/huddoc?id=fhacomcgstlinfn2312.pdf..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.43% +0.04 15 Yr FRM 3.45% +0.03 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.27% +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 3.61% 1.06 -0.10 30 Yr. Fixed 4.48% 1.36 -0.10 MBA ** 30 Yr. Fixed 4.52% 0.29 +0.05 15 Yr. Fixed 3.53% 0.28 +0.01 30 Yr. Jumbo 4.41% 0.20 +0.04 30 Yr. FHA 4.18% 0.21 +0.05 5/1 ARM 3.18% 0.36 +0.09 Freddie Mac ** 30 Yr. Fixed 4.37% 0.60 +0.09 15 Yr. Fixed 3.38% 0.60 +0.06 1 Yr. ARM 2.48% 0.40 -0.04 5/1 Yr. ARM 3.09% 0.40 +0.06 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 96.53 -0.33 30YR FNMA 3.5 100.78 -0.28 30YR GNMA 3.0 98.44 -0.34 30YR GNMA 3.5 102.19 -0.31 15YR FNMA 3.0 103.03 -0.16 15YR FNMA 2.5 100.11 -0.16 Treasuries Yield Change 2 YR 0.3626% +0.0202 5 YR 1.5674% +0.0329 10 YR 2.6903% +0.0378 30 YR 3.6275% +0.0309 Prices as of: 3/17/2014 4:30PM 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.