HELOC Resets Still a Concern: Rates Bounce Before Hitting 2014 Lows; Construction Spending at 5.5yr High; 11 States Set New Price Peaks

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30 Year Fixed

                                                                4.13%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.28%
                                                                  
                                                                +0.02

10YR Treasury

                                                                2.42%
                                                                  
                                                                +0.0780

FNMA 30YR 3.5

                                                                102.66
                                                                  
                                                                -0.27

FNMA 15YR 2.5

                                                                103.53
                                                                  
                                                                -0.14

View Today's Rates

Tuesday September 2, 2014

MND NewsWire - 2:00PM

HELOC Resets Still a Concern

Home Equity Lines of Credit or HELOCs are one area of focus of the July Mortgage Monitor issued by Black Knight Financial Services on Tuesday. The company said there is still concern ...

Mortgage Rate Watch - 3:42PM

Mortgage Rates Bounce Higher Before Challenging 2014 Lows

Mortgage rates were higher today, ending nearly a week and a half of modest improvements. While no individual day stood out during that time, the combined effect took rates extremely ...

MND NewsWire - 1:31PM

Construction Spending Highest Since December 2008

Construction spending in July was at a seasonally adjusted annual rate of $981.3 billion the Census Bureau said today--the highest since December 2008. That was an increase of 1.8 percent ...

MND NewsWire - 1:38PM

Eleven States Set New Home Price Peaks

Home prices increased continued in July and those increases continue to be broad-based CoreLogic said on Tuesday. The company's Home Price Index (HPI) report says that prices nationwide ...

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Santelli Exchange: Central bank manipulation

Eric Cantor heads to Wall Street

More News from 'Around the Web'

CNBC - 4:20PM
Fed: Consumers have opted to 'hoard'
rss.nytimes.com - 4:16PM
DealBook: Federal Program Helps Keep Some Delinquent Borrowers in Their Homes
CNN - 3:24PM
The U.S. dollar is super strong now
CNBC - 3:21PM
Jobs report: A test for Yellen's theory
Bloomberg - 3:20PM
Bank of America Said Selling Debt Second Time After Fine - Bloomberg
CNBC - 1:45PM
Home Depot may have suffered data breach
Bloomberg - 1:43PM
FHFA Plans to Kick REITs Out of Home Loan System With New Rules - Bloomberg
CNBC - 12:03PM
Mortgage crisis looms for winter: Bove
Bloomberg - 12:03PM
N.Y. Targets Mortgage Discrimination With Evans Bank Suit - Bloomberg
CNBC - 12:01PM
The fall could see housing rise
Reuters - 10:37AM
Russian forces strengthening positions in Ukraine: Kiev military
Reuters - 10:37AM
U.S. construction spending hits highest level in 5-1/2 years
www.cfpbmonitor.com - 10:17AM
CFPB issues report on employee financial wellness
CNBC - 10:16AM
US manufacturing, construction sectors roar
CNBC - 9:39AM
US Treasurys slip, ECB stimulus in focus
Bloomberg - 9:39AM
Angelo Mozilo Speaks: No Villainy at Countrywide - Bloomberg
www.lpsvcs.com - 9:30AM
Black Knight's July Mortgage Data: At Least 2.5M HELOC Resets Face Average $250/Month Increase
Market Watch - 12:27AM
Aging population faces shortage of suitable, affordable housing
NAFCU - 12:27AM
FHFA proposes housing goals for GSEs
Reuters - 12:26AM
U.S. inflation bonds back in vogue

Today's Comments

	MND NewsWire - 6:48PM "Ted, Don't write off FICO Score 9 so quickly. Remember that FICO bent to pressure from the CFPB. Emboldened as they are these days, the CFPB could apply significant pressure to the GOEs (except VA- they do whatever they want to do) to adopt the new model...."
	MBS Commentary - 2:07PM "lmao Matt... great update and good laughs too..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.13%

+0.03

15 Yr FRM

3.28%

+0.02

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.01%

+0.03

5/1 Yr ARM

3.22%

+0.00

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.56%

1.13

-0.10

30 Yr. Fixed

4.37%

1.39

-0.16

MBA **

30 Yr. Fixed

4.35%

0.22

+0.00

15 Yr. Fixed

3.48%

0.30

-0.03

30 Yr. Jumbo

4.24%

0.19

-0.02

30 Yr. FHA

4.04%

0.03

-0.02

5/1 ARM

3.24%

0.45

-0.08

Freddie Mac **

30 Yr. Fixed

4.10%

0.50

+0.00

15 Yr. Fixed

3.25%

0.60

+0.02

1 Yr. ARM

2.39%

0.50

+0.01

5/1 Yr. ARM

2.97%

0.50

+0.02

Current Mortgage Rates »

* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.

Secondary Markets

MBS

Price

Change

30YR FNMA 3.0

99.09

-0.42

30YR FNMA 3.5

102.66

-0.27

30YR GNMA 3.0

101.02

-0.38

30YR GNMA 3.5

103.75

-0.22

15YR FNMA 3.0

103.53

-0.14

15YR FNMA 2.5

101.11

-0.14

Treasuries

Yield

Change

2 YR

0.5276%

+0.0355

5 YR

1.6856%

+0.0573

10 YR

2.4211%

+0.0780

30 YR

3.1761%

+0.0969

Prices as of: 9/2/2014 4:31PM EST

Current MBS / Treasury Prices »

MBS and Treasury data provided by Thomson Reuters.

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

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice.

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