Daily Newsletter: Fed Can Hike Even Without Inflation - Wells Fargo; Rates Battle Back; Mortgage Credit Eases

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

30 Year Fixed 4.00%   -0.03 15 Year Fixed 3.24%   -0.01 10YR Treasury 2.22%   -0.0467 FNMA 30YR 3.5 103.55   +0.22 FNMA 15YR 2.5 103.61   +0.16 View Today's Rates

Thursday August 6, 2015 MND NewsWire - 11:34AM Fed Can Hike Even Without Inflation - Wells Fargo Since early 2014 the Federal Reserve has held out two goals that must be achieved before it raises the Federal Funds rate, "maximum employment and inflation of 2 percent." In an Inflation ... Mortgage Rate Watch - 8:01PM Mortgage Rates Battle Back; Volatility Ahead Mortgage rates made up some of their recently lost ground today, moving slightly lower in concert with falling stock prices. Bonds (which include the mortgage-backed securities that ... MND NewsWire - 11:22AM Conventional, Jumbo Loan Availability Accelerating Credit availability increased in July, resuming an almost continuous rise that started last fall. The Mortgage Bankers Association said its Mortgage Credit Access Index (MCAI) rose ... MND NewsWire - 11:28AM Smallest Share of Distressed Sales since 2007 Sales of lender-owned real estate (REO) in May represented the smallest share of home sales in nine years. CoreLogic said that the overall share of distressed properties sold during ... M&T Under Investigation; Cool Trends in Capital Markets MBS MID-DAY: Range-Finding Ahead of NFP MBS Day Ahead: Limited Data but Plenty to Consider Ahead of NFP Day Latest Video Jobs report prediction: Pro Good enough to hike How will jobs report impact markets? More News from 'Around the Web' Washington Post - 4:51PM Fannie Mae, Freddie Mac to send taxpayers $8.3 billion this quarter Reuters - 2:45PM Fed's forecasts for jobless rate look out of step with history Market Watch - 2:44PM The Fed: Yellen could be in firing line during Republican debate CNBC - 11:37AM Miami heat hits housing Market Watch - 11:10AM Fannie Mae to send $4.4 billion to Treasury Department after 27% rise in profit CNBC - 11:09AM Housing flipping: More risk but more return freddiemac.mwnewsroom.com - 11:08AM Fixed Mortgage Rates Remain Below Four Percent WSJ - 9:28AM Lockhart and Powell Don't Sound Too Far Apart on Economy WSJ - 8:50AM 5 Things to Watch in the July Jobs Report Fannie Mae - 8:38AM Fannie Mae Reports Net Income of $4.6 Billion CNBC - 8:38AM Jobless claims edge up; underlying trend firm Today's Rates Best Execution Rate Change 30 Yr FRM 4.00% -0.03 15 Yr FRM 3.24% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.79% -0.02 5/1 Yr ARM 3.02% -0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.26% 1.25 -0.06 30 Yr. Fixed 3.90% 1.28 -0.03 MBA ** 30 Yr. Fixed 4.23% 0.34 +0.00 15 Yr. Fixed 3.43% 0.34 +0.00 30 Yr. Jumbo 4.16% 0.33 -0.04 30 Yr. FHA 4.00% 0.17 -0.02 5/1 ARM 3.08% 0.41 -0.05 Freddie Mac ** 30 Yr. Fixed 3.91% 0.60 -0.07 15 Yr. Fixed 3.13% 0.60 -0.04 1 Yr. ARM 2.54% 0.30 +0.02 5/1 Yr. ARM 2.95% 0.40 +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 3.0 100.33 +0.25 30YR FNMA 3.5 103.55 +0.22 30YR GNMA 3.0 101.41 +0.27 30YR GNMA 3.5 104.19 +0.27 15YR FNMA 3.0 103.61 +0.16 15YR FNMA 2.5 101.31 +0.17 Treasuries Yield Change 2 YR 0.7045% -0.0278 5 YR 1.6102% -0.0344 10 YR 2.2232% -0.0467 30 YR 2.8952% -0.0477 Prices as of: 8/6/2015 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. © 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.