|
Tuesday July 16, 2013
MND NewsWire - 12:31PM
The Housing Market Index (HMI) shot up six points in July, reflecting the highest level of builder confidence in the market for new homes since January 2006. The Index, issued by the ...
MND NewsWire - 12:12PM
"The death of cash is greatly exaggerated ." CoreLogic concurs with that quote from Mark Twain in an article analyzing the impact cash sales has had on the real estate market over the ...
MND NewsWire - 12:38PM
Is the 116 basis points (bps) rise in rates from 3.35 percent to 4.51 percent within the May 3 to July 12 th enough to stall the housing recovery? Fannie Mae's Mark Palim says there ...
MND NewsWire - 2:06PM
A perennial frontrunner of housing market trends, California's data speaks to recent assertions that rising rates will affect sales more than values. Home sales volume was slightly ...
|
"Purchases will still be out there VB, but some people will certainly put the brakes on. Many of us here have had that experience with clients we are/were working with already...."
|
|
"No, I totally agree this industry is cyclical and will survive. But given the state of our economy, which hasn't existed in any of our lifetimes, the rising rate environment, especially following where it's been, will cause a dramatic slowdown in business. So you will have your mass layoffs due to the..."
|
|
"Good points, Chiz. We originators have our opinions on where rates are, and whether they are too high, but really, it's going to be the consumer who tells us whether rates are aligned with market conditions...."
|
|
"Anybody have the guides handy on what is allowable for more than one FHA loan? I know it is something like can't have two with reasonable commuting distance and size of family but i wanted to make sure I had a handle..."
|
|
"Jason Harris - pages 5-8 http://portal.hud.gov/hudportal/documents/huddoc?id=4155-1_4_secB.pdf..."
|
|
|
Today's Rates
|
30 Yr FRM
|
4.45%
|
-0.01
|
|
15 Yr FRM
|
3.66%
|
+0.00
|
|
FHA 30 Year Fixed
|
4.25%
|
+0.00
|
|
Jumbo 30 Year Fixed
|
4.55%
|
-0.02
|
|
5/1 Yr ARM
|
3.28%
|
+0.01
|
|
|
Average Mortgage Rates
|
15 Yr. Fixed
|
2.80%
|
1.17
|
-0.23
|
|
30 Yr. Fixed
|
3.58%
|
1.37
|
-0.19
|
|
30 Yr. Fixed
|
4.68%
|
0.46
|
+0.10
|
|
15 Yr. Fixed
|
3.76%
|
0.41
|
+0.12
|
|
30 Yr. Jumbo
|
4.86%
|
0.37
|
+0.18
|
|
30 Yr. FHA
|
4.37%
|
0.39
|
+0.10
|
|
5/1 ARM
|
3.40%
|
0.54
|
+0.07
|
|
30 Yr. Fixed
|
4.51%
|
0.80
|
+0.22
|
|
15 Yr. Fixed
|
3.53%
|
0.80
|
+0.14
|
|
1 Yr. ARM
|
2.66%
|
0.50
|
+0.00
|
|
5/1 Yr. ARM
|
3.26%
|
0.70
|
+0.16
|
|
* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
|
Secondary Markets
|
30YR FNMA 3.0
|
97-00
|
+0-03
|
|
30YR FNMA 3.5
|
100-24
|
+0-03
|
|
30YR GNMA 3.0
|
98-04
|
+0-02
|
|
30YR GNMA 3.5
|
101-25
|
-0-01
|
|
15YR FNMA 3.0
|
102-17
|
+0-00
|
|
15YR FNMA 2.5
|
99-26
|
+0-02
|
|
2 YR
|
0.3228%
|
-0.0121
|
|
5 YR
|
1.3717%
|
-0.0082
|
|
10 YR
|
2.5298%
|
-0.0130
|
|
30 YR
|
3.5789%
|
-0.0188
|
|
Prices as of: 7/16/2013 4:30PM EST
|
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
|
|
