Thursday January 30, 2014
MND NewsWire - 12:17PM
More banks are easing their underwriting standards as they adapt to changing economic conditions and competition the Office of Comptroller of the Currency (OCC) said today as it released ...
MND NewsWire - 10:53AM
Abnormal weather was partially blamed by the National Association of Realtors® (NAR) for a substantial drop in its December Pending Home Sales Index (PHSI). The index, released ...
Mortgage Rate Watch - 3:04PM
Mortgage rates inched higher today after hitting the lowest levels of the year yesterday. Trading in the secondary mortgage markets was far calmer by comparison as yesterday's FOMC ...
Pipeline Press - 10:02AM
The industry is changing. The first half of 2013 is a distant, fond memory for residential lenders. Subprime, non-prime - what's the diff? Business Week reports on it . And the lender ...
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"RTRS- U.S. DEC PENDING HOME SALES -8.8 PCT FROM DEC 2012..."
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"" Pending home sales measurably dropped in December, with abnormal weather partly inhibiting home shopping in much of the U.S., according to the National Association of Realtors"..."
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"7yr Auction coming up at 1pm. 6 out of the last 6 have come in at or above the 1pm 'when-issued' yield (basically the 'expected yield'). Bid to cover has ranged from 2.36 to 2.66 over that time for an average of 2.49. If this is confusing, and you want to know more, this page can be useful. http://mndne..."
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"RTRS- U.S. SELLS $29 BLN 7-YEAR NOTES AT HIGH YIELD 2.190 PCT, AWARDS 91.30 PCT OF BIDS AT HIGH..."
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"A-..."
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"and a green 'pop'..."
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"Anyone aware of a lender that will allow for a Non-Occupant co-borrower on a Jumbo? I have a client who wants to buy new residence before selling current, doesn't want to be in a rush searching for $1M home, but can't qualify alone when carrying both mortgages. Unlikely, but thought I'd ask...."
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"Brent, Union Bank was the last non-retail outlet I knew that would do this, and they just changed on 1/9 (I snuck one in right before that). No go from Wells, USB and Chase. On the retail side, First Republic may be on option, and they are in Oregon. Be aware of their prepays...."
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"i and 100% certain that USB will do blended on their conforming program with Non-occ coborrower. but haven't read the jumbo guides. its a great program in a college town......"
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Today's Rates
30 Yr FRM
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4.41%
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+0.01
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15 Yr FRM
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3.44%
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+0.01
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FHA 30 Year Fixed
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4.00%
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+0.00
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Jumbo 30 Year Fixed
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4.31%
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+0.00
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5/1 Yr ARM
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3.25%
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+0.00
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Average Mortgage Rates
15 Yr. Fixed
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3.61%
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1.06
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-0.10
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30 Yr. Fixed
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4.48%
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1.36
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-0.10
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30 Yr. Fixed
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4.52%
|
0.40
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-0.05
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15 Yr. Fixed
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3.59%
|
0.26
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-0.09
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30 Yr. Jumbo
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4.47%
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0.27
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-0.10
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30 Yr. FHA
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4.18%
|
0.33
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-0.06
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5/1 ARM
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3.25%
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0.33
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+0.02
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30 Yr. Fixed
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4.32%
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0.70
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-0.07
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15 Yr. Fixed
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3.40%
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0.60
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-0.04
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1 Yr. ARM
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2.55%
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0.40
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+0.01
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5/1 Yr. ARM
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3.12%
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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
30YR FNMA 3.0
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96-30
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+0-03
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30YR FNMA 3.5
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101-08
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+0-02
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30YR GNMA 3.0
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98-23
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+0-04
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30YR GNMA 3.5
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102-20
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+0-02
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15YR FNMA 3.0
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103-02
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+0-01
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15YR FNMA 2.5
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100-05
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+0-01
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2 YR
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0.3475%
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-0.0079
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5 YR
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1.5132%
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+0.0116
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10 YR
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2.6931%
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+0.0127
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30 YR
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3.6333%
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+0.0119
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Prices as of: 1/30/2014 4:13PM EST
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