Daily Newsletter: Market Volatility After Greek Bailout Extension; Rates End Unchanged; Fannie and Freddie Profits

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

30 Year Fixed 3.85%   +0.01 15 Year Fixed 3.12%   +0.01 10YR Treasury 2.12%   -0.0034 FNMA 30YR 3.5 104.23   -0.03 FNMA 15YR 2.5 104.30   -0.05 View Today's Rates

Friday February 20, 2015 Mortgage Rate Watch - 4:51PM Mortgage Rates End Unchanged Despite Massive Market Volatility Mortgage rates are ending the day in very similar territory to yesterday's latest levels but have had something of a wild ride between now and then. At issue is the ongoing drama between ... MND NewsWire - 1:20PM Freddie Mac Profits Put Taxpayers $91.8 Billion in the Black Freddie Mac said today that full-year net income and comprehensive income, $7.7 billion and 9.4 billion respectively, made 2014 the company's third straight year of profitability. The ... MND NewsWire - 1:33PM Not to be Outdone; Fannie Profits Bring Dividend Total to $136.4 Billion Like Freddie Mac, Fannie Mae has also reported a profitable fourth quarter of 2014 and a profitable year. The company had both net and comprehensive income for the quarter of $1.3 billion ... Pipeline Press - 11:00AM Sampling of Changes in the Primary and Secondary Markets; Maybe Short Term Rates are Fine Where They Are I have been speaking with plenty of mortgage bankers in recent weeks - what are they saying? The refi biz is alive and well but slowing markedly - the volumes are much to the concern ... January Refinacing Share was 18 Month High MBS Day Ahead: Europe no Longer Fears Dominoes; Up to Greece to Fold Latest Video Santelli Exchange: Alarm over rates Closing Bell Exchange: EU reaches deal with Greece Santelli Exchange: We need another plan More News from 'Around the Web' Calculated Risk Blog - 5:26PM A Comment on Greece Market Watch - 4:36PM The Wall Street Journal: Fannie, Freddie weak earnings raise possibility of future bailouts Market Watch - 4:36PM The Fed: Three things Yellen could say to surprise investors WSJ - 3:30PM Fed's Bullard Favors Banishing 'Patient' Stance CNBC - 3:30PM Greek bailout extended for four months: Eurogroup chairman Market Watch - 3:30PM Market Extra: The Eurogroup's statement of accord with Greece Google News - 11:34AM Adjusting for family composition increases incomes, but the income gap remains high CNN - 11:34AM How to buy a home when you can't afford it CNBC - 11:31AM HUD gave $37M to the wrong people Calculated Risk Blog - 11:31AM Lawler: Regional Home Price Declines Used to be Quite Common; Just Not All at the Same Time Market Watch - 10:25AM Slide Show: How Germany is walloping Greece in the battle of the bailout in 5 charts NAHB - 10:14AM Housing Should Be High on the Agenda as Governors Meet Bloomberg - 10:12AM German Bonds Advance Amid Concern Greek Aid Deal Delayed Further CNBC - 9:28AM High rents trickle down to smaller cities Bloomberg - 9:22AM Is a `Grexit' Likely? Calculated Risk Blog - 9:22AM Fannie and Freddie: REO inventory declined in Q4, Down 25% Year-over-year Fannie Mae - 9:08AM News Release - Fannie Mae Reports Fourth Quarter and Full ... Today's Rates Best Execution Rate Change 30 Yr FRM 3.85% +0.01 15 Yr FRM 3.12% +0.01 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.84% +0.01 5/1 Yr ARM 3.16% +0.01 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 3.80% 0.29 -0.09 15 Yr. Fixed 3.10% 0.29 -0.06 30 Yr. Jumbo 3.86% 0.23 -0.02 30 Yr. FHA 3.66% 0.15 -0.05 5/1 ARM 2.87% 0.41 -0.07 Freddie Mac ** 30 Yr. Fixed 3.76% 0.60 +0.07 15 Yr. Fixed 3.05% 0.60 +0.06 1 Yr. ARM 2.45% 0.40 +0.03 5/1 Yr. ARM 2.97% 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 3.0 101.16 -0.03 30YR FNMA 3.5 104.23 -0.03 30YR GNMA 3.0 101.95 0.00 30YR GNMA 3.5 104.42 -0.02 15YR FNMA 3.0 104.30 -0.05 15YR FNMA 2.5 102.05 -0.06 Treasuries Yield Change 2 YR 0.6382% +0.0208 5 YR 1.5919% +0.0172 10 YR 2.1152% -0.0034 30 YR 2.7213% -0.0181 Prices as of: 2/20/2015 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. © 2015 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.