Daily Newsletter: Mel Watt Outlines Course Correction for Fannie and Freddie; Higher Rates on Hold; More Than Half of Price Gains Happened in 12 Months

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30 Year Fixed 4.22%   -0.03 15 Year Fixed 3.33%   -0.02 10YR Treasury 2.61%   -0.0504 FNMA 30YR 3.5 101.95   +0.30 FNMA 15YR 2.5 103.48   -0.08 View Today's Rates

Tuesday May 13, 2014 MND NewsWire - 1:00PM Mel Watt Outlines Course Correction for Fannie and Freddie The Federal Housing Finance Agency (FHFA) will not use its conservatorship authority to reduce current conforming loan limits. FHFA Director Melvin L. Watt said today that the proposal ... Mortgage Rate Watch - 3:22PM Higher Mortgage Rates on Hold After Weak Retail Sales Data Mortgage rates moved lower today after an especially weak report on Retail Sales fueled demand for fixed-income investments like mortgage-backed-securities (MBS) and Treasuries. When ... MND NewsWire - 10:58AM More Than Half of the Home Price Bounce Fell Within 12 Months Home prices reached the half-way mark in the fourth quarter of 2013, climbing back to a level 20 percent above the trough in values reached nationwide in the fourth quarter of 2011 ... MND NewsWire - 3:16PM Mortgage Industry Increasingly Concentrated Based on NMLS Stats The number of state licensed mortgage companies licensed through the National Mortgage Licensing System (NMLS) was essentially unchanged in 2013 but the number of mortgage loan originators ... VA Issues QM, Safe Harbor Rules Subservicer Vendor Management; Changes at Cole Taylor; Reps and Warrants Change MBS Day Ahead: Technical Trading Meets Potentially Important Economic Data Latest Video Santelli Exchange: Rates are low, are they real? Housing affordability huge challenge: Pro FHFA regulator won't lower Fannie, Freddie loan limits More News from 'Around the Web' Bloomberg - 3:01PM Bill Revising Fannie Mae Has Dim Prospects, Democrat Says - Bloomberg Google News - 3:01PM FHA Announces Blueprint for Greater Homebuyer Access to Credit Google News - 3:01PM A strong pivot from the new director of FHFA Bloomberg - 3:01PM Wells Fargo Must Answer for Failed Home Loans, U.S. Says - Bloomberg NAHB - 1:14PM Housing Affordability Edges Higher in First Quarter CNBC - 12:16PM Mortgages drive US household debt jump Market Watch - 10:59AM Highlights of Mel Watt's speech on Fannie, Freddie blog.hud.gov - 10:26AM A Blueprint for Access to Credit for American Families WSJ - 10:24AM Geithner: We Didn't Have Great Options on Housing Relief NMLS - 10:20AM 2013 NMLS Mortgage Industry Report Reuters - 10:19AM Regulator opens door wider for Americans on mortgages NMLS - 10:19AM 2013 NMLS Mortgage Industry Report and Activity Data CNBC - 9:00AM Sell in May... or buy bonds? Market Watch - 9:00AM Treasurys extend gains after soft retail sales webfeeds.brookings.edu - 8:57AM The Future of Fannie Mae and Freddie Mac Reuters - 8:57AM Retail sales barely rise in April Bloomberg - 8:13AM Wells Fargo Shuns Peers' Settlement in US in Mortgage - Bloomberg Reuters - 8:10AM Stock futures flat, Dow and S&P 500 at record levels CNBC - 8:08AM US stocks seen boosted by uptick in global momentum Today's Comments MBS Live Chat - 9:52AM "Watt pretty definitive on NOT expanding HARP...." MBS Live Chat - 9:57AM "are those LLPA adjustments that Watt suspended still indefinitely suspended or removed completely?..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.22% -0.03 15 Yr FRM 3.33% -0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.00% -0.02 5/1 Yr ARM 3.22% -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 4.49% 0.38 +0.00 15 Yr. Fixed 3.53% 0.31 -0.02 30 Yr. Jumbo 4.37% 0.14 -0.04 30 Yr. FHA 4.17% 0.10 -0.03 5/1 ARM 3.26% 0.35 +0.10 Freddie Mac ** 30 Yr. Fixed 4.21% 0.60 -0.08 15 Yr. Fixed 3.32% 0.60 -0.06 1 Yr. ARM 2.43% 0.40 -0.02 5/1 Yr. ARM 3.05% 0.50 +0.00 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 97.75 +0.30 30YR FNMA 3.5 101.95 +0.30 30YR GNMA 3.0 99.91 +0.31 30YR GNMA 3.5 103.28 +0.27 15YR FNMA 3.0 103.48 -0.08 15YR FNMA 2.5 100.80 -0.02 Treasuries Yield Change 2 YR 0.3830% -0.0160 5 YR 1.6151% -0.0461 10 YR 2.6089% -0.0504 30 YR 3.4421% -0.0537 Prices as of: 5/13/2014 4:17PM 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

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