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Tuesday May 7, 2013
MND NewsWire - 9:28AM
Home prices measured by CoreLogic increased by 10.5 percent on an annual basis in March, the largest year-over-year increase since March 2006 . The company's HPI Report said March marked ...
MND NewsWire - 11:57AM
The April edition of Fannie Mae's National Housing Survey revealed increasing optimism in American attitudes toward both housing and the overall economy. Virtually every positive indicator ...
MND NewsWire - 1:23PM
Refinancing volume remained high in February with more than 463,000 transactions completed through Freddie Mac and Fannie Mae (the GSEs) during the month, down only slightly from 469 ...
Mortgage Rate Watch - 4:38PM
Mortgage rates rose again today, continuing the steady move higher seen yesterday. In the bigger picture, Friday's jobs report did the most severe damage, taking rates much higher on ...
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"Our office has a Jr LO program with lots of young guns that want to eventually become LO's...."
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"average age of an LO is around 55, or so I herd..."
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"i spoke with a rep for a company that entered our area, she said they are bascially looking for somone that can refi to FHA in a yr to 18 months..."
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"The portfolio retention on subprime loans was always atrocious....the good client ran off to conventional, the bad clients just ran off, period...."
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"big difference between then and now is equity, everyone had it then, not the case now, will not have as many qualified SP brwrs, SP will be a small pool imo...."
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"And people were "building" (or maybe "bubbling") equity at a crazy clip..... 2004's 70% LTV "D" loan was assumed to be 2005's 60% D loan...."
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"wow, lost 114 bps on an FHA purchase in 3 days, that's unreal. Still waiting for appraisal to come back, but sure hope there is a turnaround this week in GNMA MBS!..."
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"auction time..."
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"3yr at .354, right in line with 1pm WI yields, 3.38 BTC, 9.78 bln indirect. None of this means anything as 3's aren't movers, but there ya go...."
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"REPRICE : 3:52 PM - Sun West Mortgage Better..."
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Today's Rates
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30 Yr FRM
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3.52%
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+0.02
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15 Yr FRM
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2.75%
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+0.00
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FHA 30 Year Fixed
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3.25%
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+0.00
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Jumbo 30 Year Fixed
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3.63%
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+0.02
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5/1 Yr ARM
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2.99%
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+0.03
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Average Mortgage Rates
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15 Yr. Fixed
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2.78%
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0.76
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+0.08
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30 Yr. Fixed
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3.53%
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1.11
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+0.06
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30 Yr. Fixed
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3.67%
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0.50
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-0.01
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15 Yr. Fixed
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2.91%
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0.34
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-0.01
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30 Yr. Jumbo
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3.77%
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0.27
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-0.02
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30 Yr. FHA
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3.37%
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0.55
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-0.06
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5/1 ARM
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2.57%
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0.29
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-0.01
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30 Yr. Fixed
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3.35%
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0.70
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-0.05
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15 Yr. Fixed
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2.56%
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0.70
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-0.05
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1 Yr. ARM
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2.56%
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0.30
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-0.06
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5/1 Yr. ARM
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2.56%
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0.50
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-0.02
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* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
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Secondary Markets
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30YR FNMA 3.0
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103-31
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-0-02
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30YR FNMA 3.5
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106-04
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+0-00
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30YR GNMA 3.0
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105-22
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-0-02
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30YR GNMA 3.5
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108-09
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+0-01
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15YR FNMA 3.0
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105-15
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+0-02
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15YR FNMA 2.5
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104-08
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-0-00
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2 YR
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0.2240%
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+0.0080
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5 YR
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0.7483%
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+0.0113
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10 YR
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1.7795%
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+0.0172
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30 YR
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2.9981%
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+0.0203
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Prices as of: 5/7/2013 4:30PM EST
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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
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