Daily Newsletter: Inventory Worse Than it Looks?; Prices Still Rising; All About Purchases; 2 Rate Paradoxes

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

30 Year Fixed 4.69%   +0.01 15 Year Fixed 4.14%   +0.01 10YR Treasury 2.90%   -0.0384 FNMA 30YR 3.5 99.22   +0.14 FNMA 15YR 2.5 99.13   +0.09 View Today's Rates

Thursday June 21, 2018 MND NewsWire - 10:26AM Inventory Woes: Are They Worse Than They Look? There has been a lot of hand-wringing for going on two years or so about the incredible shrinking inventory of homes for sale . This week CoreLogic analyst Molly Boesel joins the chorus ... MND NewsWire - 9:46AM FHFA: Home Price Index Continues to Rise There was another 0.1 percent increase in the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) in April. The index, which is calculated using home sales prices from ... MND NewsWire - 8:04AM Ellie Mae: Purchase Loan Share at Post-Recession Highs Loans for home purchasing continue to dominate mortgage originations and Ellie Mae says they may now represent the largest share of loans since the recession. The company's May Origination ... Mortgage Rate Watch - 5:35PM 2 Paradoxes For Mortgage Rates Mortgage rates were microscopically higher today, which is paradoxical on two levels. The first paradox has to do with today's bond market improvements. Bonds underlie rates and bond ... MBS RECAP: Big Miss in Philly Fed Index Pushes Yields Lower MBS Day Ahead: Is Today's Data One of The Early Clues We're Looking For? LO Resources; Doc and 1003 Products; Lender Credit Guideline Shifts Latest Video Dow on track for worst week in three months A lot of complexity now in the M&A environment, says Evercore founder Jobless claims come in under forecasts at 218,000 More News from 'Around the Web' www.npr.org - 4:35PM White House Proposes Merging Education and Labor Departments Market Watch - 3:44PM To free Fannie and Freddie, their regulator may bypass do-nothing Congress www.realtor.com - 2:14PM Housing Is the Least Affordable in 10 Years — Here's What's to Blame CNBC - 2:13PM US consumer protection agency's structure is unconstitutional, federal judge rules freddiemac.mwnewsroom.com - 2:11PM Supply Headwinds, Higher Rates Affecting Mortgage Market Despite Robust Economy webfeeds.brookings.edu - 11:34AM Hutchins Roundup: Value of American banks, signals of financial distress, and more Bloomberg - 11:11AM The Modular-Home Maker That Could Make Housing Cheaper Calculated Risk Blog - 10:47AM Earlier: Philly Fed Manufacturing Survey "Suggest Continuing Growth" in June freddiemac.mwnewsroom.com - 10:35AM Mortgage Rates Retreat CNBC - 10:16AM Leading indicators up in May, still short of expectations Bloomberg - 9:48AM Haldane Joins BOE Hawks, Raising Chance of Summer Rate Hike Bloomberg - 8:53AM Euroskeptics Get Key Italy Parliament Posts Amid Pressure on EU Reuters - 8:43AM Jobless claims fall for fourth straight week eyeonhousing.org - 8:31AM Number of Builders Reporting a Shortage of Framing Lumber Surges Reuters - 8:10AM ECB confident on inflation outlook despite risks: Villeroy Calculated Risk Blog - 8:09AM Black Knight: National Mortgage Delinquency Rate Decreased in May, Foreclosure Inventory Close to Pre-Recession Average Today's Rates Best Execution Rate Change 30 Yr FRM 4.69% +0.01 15 Yr FRM 4.14% +0.01 FHA 30 Year Fixed 4.42% +0.00 Jumbo 30 Year Fixed 4.73% +0.01 5/1 Yr ARM 4.00% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.65% 1.14 +0.09 30 Yr. Fixed 4.19% 1.21 +0.02 MBA ** 30 Yr. Fixed 4.68% 0.46 -0.01 15 Yr. Fixed 4.12% 0.51 +0.05 30 Yr. Jumbo 4.55% 0.37 +0.00 30 Yr. FHA 4.69% 0.81 -0.04 5/1 ARM 3.83% 0.68 -0.10 Freddie Mac ** 30 Yr. Fixed 4.57% 0.50 -0.05 15 Yr. Fixed 4.04% 0.40 -0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.83% 0.30 +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 96.53 +0.19 30YR FNMA 3.5 99.22 +0.14 30YR GNMA 3.0 97.53 -0.02 30YR GNMA 3.5 100.08 +0.06 15YR FNMA 3.0 99.13 +0.09 15YR FNMA 2.5 96.92 +0.11 Treasuries Yield Change 2 YR 2.5411% -0.0248 5 YR 2.7685% -0.0392 10 YR 2.8986% -0.0384 30 YR 3.0433% -0.0310 Prices as of: 6/21/2018 5:05PM 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. © 2018 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.