Daily Newsletter: Mortgage Rates Still Near 16-Month Lows; Cash Sales Concentrated in REO Market; Relaxed QRM Revisions Expected; Builder Confidence Reverses

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

30 Year Fixed 3.93%   +0.03 15 Year Fixed 3.13%   +0.03 10YR Treasury 2.16%   +0.0227 FNMA 30YR 3.5 103.72   -0.14 FNMA 15YR 2.5 104.23   -0.05 View Today's Rates

Thursday October 16, 2014 Mortgage Rate Watch - 3:31PM Mortgage Rates Slightly Higher; Still Near 16-Month Lows Mortgage rates were forced to give back some of the tremendous improvements seen yesterday as financial markets corrected after the wild swing. Apart from the past two days, today's ... MND NewsWire - 1:28PM Cash Sales Dwindle, Concentrated in REO Market The share of home purchased with all-cash is continuing to drop, but even with a -3.0 percentage point change between July 2013 and July 2014 they still make up nearly a third of all ... MND NewsWire - 12:57PM Relaxed QRM Rules Expected Next Week Federal regulators may finally produce the long anticipated market standards for Qualified Residential Mortgages (QRM), perhaps even as early as next week. The new rules are designed ... MBS Commentary - 7:32AM MBS Day Ahead: Blame Game and the Road Ahead One blessing and curse associated with being human is our innate desire to make sense of the world around us. Yesterday's bond market rally was--in many ways--nonsensical, yet that ... Builder Confidence Loses Steam after Four Months of Gains MBS MID-DAY: Bond Markets Fighting to Hold Weakest Levels HOA Foreclosure News; QRM Update; Volatility's Impact on Lenders Latest Video 10-year near tipping point: Pro Cashin says: Very good chance for another QE Santelli Exchange: Key yield levels More News from 'Around the Web' Bloomberg - 4:12PM FHA's Insurance Fund Close to Rebuilding Cushion, Moody's Says - Bloomberg CNBC - 3:33PM 'Stunning' Fed move put bottom under S&P: Traders CNBC - 2:10PM SEC: HFT firm manipulated stock prices Google News - 2:09PM Is there a ticking time bomb in the housing market? CNBC - 2:08PM European bonds: Every country for itself WSJ - 12:35PM Bullard Says Fed Could Delay Planned End of Bond-Buying Program CNBC - 11:02AM No real estate bubble: JPM, Starwood CNBC - 11:02AM Home builder confidence u-turns, drops 5 points CNBC - 10:59AM Foreclosures fall to eight-year low freddiemac.mwnewsroom.com - 10:57AM Stale but Official Mortgage Rate News From Freddie CNBC - 9:24AM US weekly jobless claims 264,000 CNBC - 9:23AM US industrial production in Sept. beats Reuters - 8:42AM U.S. foreclosure activity falls to eight-year low WSJ - 8:38AM New-Home Sales Optimism? September Numbers May Disappoint Today's Comments Pipeline Press - 12:31AM ".In developing new rules and regulations coming out of the crisis, legislators and regulators, albeit with good intentions, upended the delicate balance between consumer protection and access to credit. I have to wonder when this 'balance' existed and why it was so delicate. There was nothing 'consumer..." MBS Commentary - 1:23AM "Amazing. The MBS alerts I got on my phone and then showed to customers coming to visit helped seal the app deal on several loans today. Thanks as always for what you do. This information is invaluable to truly being able to offer the best rate and terms available in a given day...or in the case of today..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.93% +0.03 15 Yr FRM 3.13% +0.03 FHA 30 Year Fixed 3.50% +0.05 Jumbo 30 Year Fixed 3.87% +0.02 5/1 Yr ARM 3.19% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.56% 1.13 -0.10 30 Yr. Fixed 4.37% 1.39 -0.16 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 3.97% 0.50 -0.15 15 Yr. Fixed 3.18% 0.50 -0.12 1 Yr. ARM 2.38% 0.40 -0.04 5/1 Yr. ARM 2.92% 0.50 -0.13 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 3.0 100.70 -0.25 30YR FNMA 3.5 103.72 -0.14 30YR GNMA 3.0 102.59 -0.22 30YR GNMA 3.5 104.75 -0.03 15YR FNMA 3.0 104.23 -0.05 15YR FNMA 2.5 102.11 -0.16 Treasuries Yield Change 2 YR 0.3353% +0.0158 5 YR 1.3718% +0.0337 10 YR 2.1568% +0.0227 30 YR 2.9369% +0.0185 Prices as of: 10/16/2014 4:32PM 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.