Daily Newsletter: "Undecided" Democrats Decide "No" on Housing Bill; Rates Pull Back After Strong Move

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30 Year Fixed 4.21%   +0.03 15 Year Fixed 3.32%   +0.02 10YR Treasury 2.62%   +0.0090 FNMA 30YR 3.5 101.81   -0.55 FNMA 15YR 2.5 103.66   -0.02 View Today's Rates

Friday May 9, 2014 MND NewsWire - 12:26PM "Undecided" Democrats Decide "No" on Johnson-Crapo In yesterday's update on housing finance reform it was noted that Senator Tim Johnson (D-SD) was hoping to have 16 favorable votes lined up before bringing S 1217, the Johnson-Crapo ... Mortgage Rate Watch - 2:02PM Mortgage Rates Pull Back After Impressive Run Mortgage rates rose today, pulling back just slightly after spending 6 of the last 7 days in an aggressive move to the lowest levels in more than 6 months. There were no significant ... MBS Commentary - 7:42AM MBS Day Ahead: Are Bond Markets About to Break the Range? First thing's first: "mortgage rates" themselves, have clearly already broken the 2014 range, having moved into the best levels since late October over the past 3 days. Beyond that ... Pipeline Press - 10:18AM Trends in 0 Point Loans; CPR primer; Proposed FHA ARM Changes "Where do I go to find out about resources to mortgage lenders and mortgage brokers to learn about state specific requirements , licensing, the correct way to file mortgage call reports ... Even as Distressed Sales Fall; All-Cash Buying Increases Mortgage Credit Tightens Slightly, but not for Jumbo Borrowers GSE Profits Fall, 'Only' Sending $10.2 bln to Treasury for Q1 Latest Video Home prices hitting record highs What's right with housing Stocks or bonds: Who has it right? More News from 'Around the Web' National Housing Conference - 2:59PM House THUD bill jeopardizes core housing and community development programs The Huffington Post - 1:52PM Fed Chair Not Sure Whether To Call U.S. An Oligarchy Or Democracy WSJ - 1:52PM Job Openings Edged Down, but Quitting Rose in March Market Watch - 12:30PM Fed bond buying should end in October: Fisher CNBC - 12:29PM Inside the most expensive ZIP code in the country Market Watch - 11:27AM Bond Report: Long bond set for biggest weekly drop since March Bloomberg - 11:25AM Third Point's Loeb Says Harder to Gain on Mortgages - Bloomberg CNBC - 10:50AM Home sellers on price: Sky is the limit The Huffington Post - 10:44AM House Votes To Make Corporate Tax Credit Permanent CNBC - 10:26AM Wholesale inventories jump in March Market Watch - 10:25AM Treasurys follow European bonds lower CNN - 10:25AM Flood insurance policies get a bailout CNBC - 8:58AM The ripple effects of housing's fading rebound Bloomberg - 8:33AM JPMorgan Joins Wells Fargo in Rolling Out Jumbo Offerings - Bloomberg Today's Comments MBS Live Chat - 12:14PM "first time I've had this come up in a while. Borrower closing on new home purchase before current home sells. I know I need 6 month reserved on both properties. Can I use vested 401K and all that stuff. I'm a little short on using just checking, savings, and money market......" MBS Live Chat - 12:16PM "Should be able to use 60%, MM, but have seen underwriters fuss because the funds may not be available unless he changes employment...." MBS Live Chat - 12:16PM "007, yes. Just need to kwow if he has access to those funds..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.21% +0.03 15 Yr FRM 3.32% +0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.99% +0.02 5/1 Yr ARM 3.23% +0.03 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 97.69 -0.48 30YR FNMA 3.5 101.81 -0.55 30YR GNMA 3.0 99.83 -0.28 30YR GNMA 3.5 103.23 -0.17 15YR FNMA 3.0 103.66 -0.02 15YR FNMA 2.5 100.94 -0.09 Treasuries Yield Change 2 YR 0.3869% -0.0040 5 YR 1.6266% +0.0016 10 YR 2.6233% +0.0090 30 YR 3.4668% +0.0332 Prices as of: 5/9/2014 3:22PM 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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