Daily Newsletter: Affordability Has Nothing to do with Home Prices or Rates; Mortgage Rates Bounce Back After Post-Fed Weakness

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

30 Year Fixed 4.01%   -0.03 15 Year Fixed 3.18%   -0.03 10YR Treasury 2.31%   -0.0143 FNMA 30YR 3.5 103.45   +0.14 FNMA 15YR 2.5 103.75   +0.08 View Today's Rates

Thursday October 30, 2014 MND NewsWire - 12:30PM Affordability Has Nothing to do with Home Prices or Rates -RealtyTrac "A real estate market that should be flying high is instead a real estate market that is faltering ," according to Brian Mushaney, Executive Vice President, Data Solutions, for RealtyTrac ... Mortgage Rate Watch - 3:48PM Mortgage Rates Recover Slightly; Holding Near 4 Percent Mortgage rates pulled back to hold near 4 percent after rising to the highest levels in 3 weeks. After yesterday's Fed announcement, the most common rate quotes were at risk of edging ... MBS Commentary - 12:02PM MBS MID-DAY: Slow, Steady Morning Sees Yesterday's Weakness Completely Undone "Jobless Claims remained in the 280's and GDP came in at 3.5 vs a 3.0 forecast. So naturally, bond markets are adding to yesterday's weakness." That sentence would be seem logical and ... Pipeline Press - 11:19AM Rumors about Provident; e-Signature News; Lawsuit Update on PHH, Lawsky, Castle & Cooke, and S&P As mortgage bankers gear up to see what the Shipping Department dresses up as tomorrow, let's take a quick look at some demographics. There is now a larger cohort of unmarried young ... MBS Day Ahead: Maybe GDP and Yellen can Move Markets MBS RECAP: Fed Reads From Known Script, but With Unexpected Gusto; Bonds Don't Care Latest Video How Auction.com predicts home sales Housing slow climb to normal: Fifth Third CEO Economist view of GDP More News from 'Around the Web' FICO - 4:43PM Credit Research Part 3: The Recession and Mortgage Delinquencies Washington Post - 3:12PM Some aging Baby Boomers will upsize, not downsize, if they move at all, poll finds CNBC - 3:11PM QE was a 'nonevent': Billion-dollar bond manager CNN - 1:16PM Homelessness slowly on the decline Bloomberg - 1:16PM Household Savings Near Two-Year High Seen Boosting U.S. Spending - Bloomberg www.cfpbmonitor.com - 1:14PM Mortgage company that entered into CFPB consent order moves to dismiss class action claims WSJ - 11:21AM Yellen Surprises With Willingness to Displease Doves CNBC - 10:25AM The devil is in the details on Q3 GDP upgrade freddiemac.mwnewsroom.com - 10:12AM Mortgage Rates Rebound, Remain Below Four Percent WSJ - 10:12AM Economists React to GDP: 'Broadly Constructive' CNBC - 9:06AM Google's new data play: Predicting home sales Bloomberg - 8:53AM Economy in U.S. Grew 3.5% in Third Quarter, More Than Forecast - Bloomberg Reuters - 8:53AM U.S. jobless claims rise, but underlying labor market trends firming Today's Rates Best Execution Rate Change 30 Yr FRM 4.01% -0.03 15 Yr FRM 3.18% -0.03 FHA 30 Year Fixed 3.50% -0.10 Jumbo 30 Year Fixed 3.90% -0.03 5/1 Yr ARM 3.23% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.47% 1.11 +0.02 30 Yr. Fixed 4.33% 1.33 -0.01 MBA ** 30 Yr. Fixed 4.20% 0.17 -0.10 15 Yr. Fixed 3.41% 0.28 -0.07 30 Yr. Jumbo 4.14% 0.10 -0.07 30 Yr. FHA 3.90% 0.08 -0.10 5/1 ARM 3.05% 0.38 -0.15 Freddie Mac ** 30 Yr. Fixed 3.98% 0.50 +0.06 15 Yr. Fixed 3.13% 0.50 +0.05 1 Yr. ARM 2.43% 0.40 +0.02 5/1 Yr. ARM 2.94% 0.50 +0.03 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 3.0 100.14 +0.11 30YR FNMA 3.5 103.45 +0.14 30YR GNMA 3.0 101.97 +0.13 30YR GNMA 3.5 104.47 +0.11 15YR FNMA 3.0 103.75 +0.08 15YR FNMA 2.5 101.56 +0.06 Treasuries Yield Change 2 YR 0.4772% -0.0118 5 YR 1.5750% -0.0124 10 YR 2.3067% -0.0143 30 YR 3.0463% -0.0071 Prices as of: 10/30/2014 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.