Friday July 18, 2014
MND NewsWire - 2:40PM
While he has written about some of the elements in the past, Mark Fleming neatly summed up the current state of housing's supply and demand constraints in the latest edition of CoreLogic ...
MND NewsWire - 11:06AM
The Federal Housing Finance Agency's Office of Inspector General (FHFA OIG) has released an evaluation of Fannie Mae's and Freddie Mac's (the GSEs) increased recent level of purchases ...
Mortgage Rate Watch - 3:11PM
Mortgage rates managed to hold their ground today. Some lenders were even in slightly better shape, though there was no change on average. That's somewhat interesting considering the ...
MBS Commentary - 7:31AM
Although economic data had some small role to play in yesterday's strong bond market rally, the day was really all about geopolitical risk. If we've learned anything about geopolitical ...
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"I agree with MG's post. today you will have buying today ahead of the weekend for safety. But, next week could be a snap back selloff too...."
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"UW question: Condo purchase, Conv financing, 80% LTV, 808 credit, 183 units BUT 30% owned by investment group. Who will finance this loan?..."
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"first rate sheet of the day. basically no change..."
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"josh that should be fairly easy. at 80% you need a full review which is appraisal, condo questionnaire, budget, condo docs insurance, the max number of investment units is 49% on conventional for exisiting complexes..."
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"JO, is there a specified reason the group owns the 30%. We have an investment condo in Chicago that the builder was required to keep 30% for rentals in a redeveloping neighborhood, it was part of the agreement with the city. Fannie approves the condos, on a case by case basis, if documented...."
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Today's Rates
30 Yr FRM
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4.16%
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+0.00
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15 Yr FRM
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3.31%
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+0.00
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FHA 30 Year Fixed
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3.75%
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+0.00
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Jumbo 30 Year Fixed
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4.00%
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+0.00
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5/1 Yr ARM
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3.21%
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-0.01
|
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Average Mortgage Rates
15 Yr. Fixed
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3.56%
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1.13
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-0.10
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30 Yr. Fixed
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4.37%
|
1.39
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-0.16
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30 Yr. Fixed
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4.32%
|
0.16
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+0.04
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15 Yr. Fixed
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3.40%
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0.22
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-0.02
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30 Yr. Jumbo
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4.24%
|
0.16
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-0.02
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30 Yr. FHA
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4.02%
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-0.03
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+0.03
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5/1 ARM
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3.40%
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0.22
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-0.02
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30 Yr. Fixed
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4.13%
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0.60
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-0.02
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15 Yr. Fixed
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3.23%
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0.50
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-0.01
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1 Yr. ARM
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2.39%
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0.40
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-0.01
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5/1 Yr. ARM
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2.97%
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0.40
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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
30YR FNMA 3.0
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98-18
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-0-05
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30YR FNMA 3.5
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102-13
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-0-03
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30YR GNMA 3.0
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100-16
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-0-08
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30YR GNMA 3.5
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103-14
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-0-10
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15YR FNMA 3.0
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103-11
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-0-03
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15YR FNMA 2.5
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100-32
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-0-04
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2 YR
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0.4797%
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+0.0281
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5 YR
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1.6663%
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+0.0463
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10 YR
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2.4836%
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+0.0396
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30 YR
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3.2914%
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+0.0294
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Prices as of: 7/18/2014 4:04PM EST
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