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Thursday May 30, 2013
MND NewsWire - 11:03AM
Pending home sales in April rose a slight 0.3 percent to 106.0 on the National Association of Realtors® (NAR) Pending Home Sales Index (PHSI). In March the index was at 105.7. The ...
MND NewsWire - 11:15AM
The Obama Administration has extended its Making Home Affordable (MHA) program through December 2015. The action, taken Thursday brings that program into line with new expiration dates ...
MND NewsWire - 2:03PM
The Multifamily Production Index (MPI) compiled by the National Association of Home Builders continued in positive territory for the fifth straight time in the first quarter of 2013 ...
MND NewsWire - 10:10AM
Foreclosure-related home sales retreated to a 21 percent share of all homes sales in the country during the first quarter of 2013. RealtyTrac reported that a total of 190,121 houses ...
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"Nicely done MG and I'm feeling the same way...."
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"No wonder median sales prices are up throughout the country. If you remove/minimize distressed sales, average prices will rise dramatically, even if non-distressed sales prices remain constant...."
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"Sung - i have a file with WF - prior approval - they are requiring it even though its only reserves... it might be lender specific..."
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"it's investor specific.. suntrust asks..."
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"pmac, wf typically dont on the correspondent side..."
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"mh - WF will do prior-approval on conforming stuff for you?..."
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"it may have been HomePath overlay..."
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"ah... here is the DU/DO message which triggers some to ask for terms of withdrawal "If the account allows
for withdrawals only in connection with the borrower's employment termination, retirement, or
death; or the account does not allow for any type of withdrawal, the retirement asset should not be
entered..."
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"it is not investor specific. The DU calls for it on non harp deals...."
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"if you don't need the reserves they are probably taking it out or they are a processor is going to get it and not telling you. It is 100% a Fannie thing..."
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Today's Rates
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30 Yr FRM
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3.94%
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-0.04
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15 Yr FRM
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3.09%
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-0.03
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FHA 30 Year Fixed
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3.50%
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-0.03
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Jumbo 30 Year Fixed
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4.16%
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-0.04
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5/1 Yr ARM
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2.91%
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-0.01
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Average Mortgage Rates
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15 Yr. Fixed
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3.03%
|
0.84
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+0.07
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30 Yr. Fixed
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3.77%
|
1.20
|
+0.03
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30 Yr. Fixed
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3.90%
|
0.39
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+0.12
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15 Yr. Fixed
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3.10%
|
0.30
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+0.14
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30 Yr. Jumbo
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4.07%
|
0.27
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+0.14
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30 Yr. FHA
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3.62%
|
0.27
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+0.09
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5/1 ARM
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2.60%
|
0.24
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+0.00
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30 Yr. Fixed
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3.81%
|
0.80
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+0.22
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15 Yr. Fixed
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2.98%
|
0.70
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+0.21
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1 Yr. ARM
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2.54%
|
0.50
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-0.01
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5/1 Yr. ARM
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2.66%
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0.50
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+0.03
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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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100-31
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+0-02
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30YR FNMA 3.5
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103-31
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+0-03
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30YR GNMA 3.0
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102-07
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+0-06
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30YR GNMA 3.5
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105-14
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+0-04
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15YR FNMA 3.0
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104-06
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+0-02
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15YR FNMA 2.5
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102-11
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+0-03
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2 YR
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0.2970%
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+0.0000
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5 YR
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1.0129%
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+0.0225
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10 YR
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2.1172%
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+0.0019
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30 YR
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3.2808%
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+0.0165
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Prices as of: 5/30/2013 4:30PM EST
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