Friday, October 17, 2014

Foreclosures Rise 1st Time in 3 Years; Rates Mixed to End Wild Week; Construction Boosted by Multi-Fam Sector

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Sent by: Bruce Weaver
Personal Message:
Quarterly Foreclosure Rate Rises for 1st Time in 3 Years
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30 Year Fixed
3.97%   +0.04
15 Year Fixed
3.15%   +0.02
10YR Treasury
2.20%   +0.0403
FNMA 30YR 3.5
103.70   -0.02
FNMA 15YR 2.5
104.09   -0.14
Friday October 17, 2014
MND NewsWire - 2:06PM
One has to hope that foreclosure data reported on Thursday by RealtyTrac is a sign that states are wrapping up the foreclosure crisis that has been ongoing since 2008, not that it signals ...
Mortgage Rate Watch - 3:58PM
Mortgage rates moved slightly higher today, continuing a pull back from the best levels in 16 months on Wednesday. That said, apart from the first 3 business days of this week, today ...
MND NewsWire - 1:36PM
Increases in construction permits, starts, and completions for multifamily housing stand out from an otherwise lackluster batch of construction data issued on Friday by the U.S. Census ...
MBS Commentary - 7:36AM
It's tempting to draw conclusions based on what seem like clear signals in markets. Clearly stocks and bonds have been in tune with each other and stocks were clearly doing something ...
Co-branded Daily Rate Report for:
Bruce Weaver
Realtor, GRI
RE/MAX Classic Realty
License:  Real Estate License #53217 ...
Realtor since 1994, GRI-(Graduate Realtor Institute) Married, 2 Adult Sons, Enjoy Hiking, Motorcycles, Camping, Fishing, Crafts, Construction, Home Repairs, Technology, and Real Estate.
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Today's Rates
Best Execution
Rate Change
30 Yr FRM 3.97% +0.04
15 Yr FRM 3.15% +0.02
FHA 30 Year Fixed 3.50% +0.00
Jumbo 30 Year Fixed 3.90% +0.03
5/1 Yr ARM 3.20% +0.01
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 4.20% 0.17 -0.10
15 Yr. Fixed 3.41% 0.28 -0.07
30 Yr. Jumbo 4.14% 0.10 -0.07
30 Yr. FHA 3.90% 0.08 -0.10
5/1 ARM 3.05% 0.38 -0.15
Freddie Mac **
30 Yr. Fixed 3.97% 0.50 -0.15
15 Yr. Fixed 3.18% 0.50 -0.12
1 Yr. ARM 2.38% 0.40 -0.04
5/1 Yr. ARM 2.92% 0.50 -0.13
* 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 3.0 100.63 -0.08
30YR FNMA 3.5 103.70 -0.02
30YR GNMA 3.0 102.58 -0.02
30YR GNMA 3.5 104.88 +0.13
15YR FNMA 3.0 104.09 -0.14
15YR FNMA 2.5 101.98 -0.13
Treasuries
Yield Change
2 YR 0.3749% +0.0396
5 YR 1.4184% +0.0466
10 YR 2.1971% +0.0403
30 YR 2.9717% +0.0348
Prices as of: 10/17/2014 4:31PM EST
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:
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My Real Estate License is with RE/MAX Classic Realty Office:205-408-1306 Direct: 205-352-4229 Cell to Cell: **Weaver