What is dual agency? (and why you should beware)

Plus, catch up on 5 other top stories from the blog this week.

Read More on Our Blog

Sunday Best

Catch up on this week’s top stories:

3 Things You Need To Know Before Getting A Mortgage What Is Dual Agency? (And Why You Should Beware)

6 Reasons To Buy A Unique Property One Woman’s Journey To Living Debt-Free

5 Reasons Your First Home Should Be A Duplex Kathy Griffin Buys $10.5 Million Mansion In Holmby Hills

Download on iOS Download on Android

This email was sent to Unsubscribe | Email Preferences | View our Privacy Policy © Trulia Inc, 535 Mission Street, Suite 700 San Francisco, California 94105

cheap whitehat SEO

Manual SEO work 100% Approved and Whit#ehat! only at ^6 usd
Boost Up Your Ranking High In Google And Differe$nt Search Engines.

offer available here
http://www.seo-wise.net/detail.php?id=126

Best regards
Magen Morino

Unsubscribe option is available on the footer of our website

Daily Newsletter: Rates at 2-Week Lows After GDP; CFPB’s TRID Changes; Jumbo Market Woes; Homeownership Lows

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed 3.37% -0.02 15 Year Fixed 2.72% -0.02 10YR Treasury 1.45% -0.0513 FNMA 30YR 3.5 105.63 +0.20 FNMA 15YR 2.5 104.92 +0.09 View Today’s Rates

Friday July 29, 2016 Mortgage Rate Watch – 4:15PM Mortgage Rates Down to 2-Week Lows After GDP Mortgage rates enjoyed another strong day, falling to the best levels in exactly 2 weeks. Rates were actually set to move higher early this morning, but a much weaker-than-expected … MND NewsWire – 12:44PM CFPB Requests Comments on TRID Changes The Consumer Financial Protection Bureau (CFPB) is proposing changes to its Know Before You Owe Mortgage Disclosure Act, usually referred to in the industry as TRID. CFPB said the changes … Pipeline Press – 10:28AM Fannie And Freddie Changes; Jumbo Market Altering And Not For The Better “Buy land – they’re not making any more of it.” And the reverse is happening in Louisiana. Say what you want about global warming, or inappropriate levy building, the fact is that the … MND NewsWire – 9:28AM Homeownership Dips to All-Time Low Homeownership rates, which have been declining since the end of the housing boom, hit an a ll-time low in the second quarter of 2016 . The rate at the end of the period was 62.9 percent … MBS Day Ahead: Bank of Japan Disappointment Offsets FOMC Excitement CoreLogic: Slow Start for Cash Sales this Year Latest Video Housing & GDP Lots of GDP revisions Chicago PMI 55.8 (July) vs. 56.8 (June) More News from ‘Around the Web’ Reuters – 4:33PM ‘Sell everything,’DoubleLine’s Gundlach says Calculated Risk Blog – 4:33PM Lawler: Homebuilder Summary Table for Q2 2016 http://www.realtor.com – 2:44PM Land Scarce for Luxury Homes Reuters – 12:46PM Fed’s Williams downplays GDP weakness, sees rate hikes Calculated Risk Blog – 12:15PM Q2 GDP: Investment Slump CNBC – 12:15PM What your friends do on Facebook could directly affect the house you live in Market Watch – 11:26AM Fed’s Williams says he’s not concerned about a recession Reuters – 10:34AM Investors continue equity exodus, buy bonds and emerging markets Calculated Risk Blog – 10:34AM Chicago PMI declines in July, Final July Consumer Sentiment at 90.0 CNBC – 8:57AM Apartment market ‘increasingly jittery’ CNBC – 8:57AM US economy grows a weak 1.2 percent in Q2 as inventories fall Reuters – 8:14AM Global funds cut share holdings to five-year lows as Brexit bites Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.37% -0.02 15 Yr FRM 2.72% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.50% -0.02 5/1 Yr ARM 2.84% -0.01 Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.37% 1.26 -0.14 30 Yr. Fixed 3.95% 1.30 -0.16 MBA ** 30 Yr. Fixed 3.82% 0.34 -0.05 15 Yr. Fixed 3.06% 0.33 -0.07 30 Yr. Jumbo 3.74% 0.31 -0.05 30 Yr. FHA 3.64% 0.25 -0.05 5/1 ARM 2.93% 0.22 +0.02 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.48% 0.50 +0.03 15 Yr. Fixed 2.78% 0.50 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.78% 0.50 +0.00 Secondary Markets MBS Price Change 30YR FNMA 3.0 104.06 +0.25 30YR FNMA 3.5 105.63 +0.20 30YR GNMA 3.0 104.94 +0.31 30YR GNMA 3.5 106.34 +0.22 15YR FNMA 3.0 104.92 +0.09 15YR FNMA 2.5 103.59 +0.19 Treasuries Yield Change 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 2 YR 0.6632% -0.0513 5 YR 1.0253% -0.0610 10 YR 1.4548% -0.0513 30 YR 2.1827% -0.0477 Prices as of: 7/29/2016 4:31PM EST

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. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031

View this Report in your Web Browser | Forward to a Friend | Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

Weekly Newsletter: 3 Percent-Down Program Gets Makeover; New Homes at 8-Year High; Price Gains Slowing; Rates at 2-Week Low

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed 3.37% -0.02 15 Year Fixed 2.72% -0.02 10YR Treasury 1.45% -0.0513 FNMA 30YR 3.5 105.63 +0.20 FNMA 15YR 2.5 104.92 +0.09 View Today’s Rates

Friday July 29, 2016 MND NewsWire – 7/27 Fannie Mae Upgrades 3 Percent-Down Mortgage Program Fannie Mae has made changes to its HomeReady mortgage program that allows borrowers to obtain a mortgage with as little as a 3 percent downpayment. The enhancements change income maximums … MND NewsWire – 7/26 New Home Sales Surge to 8-Year High Sales of newly constructed homes posted a gain in June, rising 3.5 percent from the May estimate. The Census Bureau and the Department of Housing and Urban Development put new home … MND NewsWire – 7/26 Price Appreciation Slowing Down -Case-Shiller The newly named S&P CoreLogic Case-Shiller Indices noted a continued rise in prices across the country although some monthly indices declined . The National Index which covers all … Mortgage Rate Watch – 7/29 Mortgage Rates Down to 2-Week Lows After GDP Mortgage rates enjoyed another strong day, falling to the best levels in exactly 2 weeks. Rates were actually set to move higher early this morning, but a much weaker-than-expected … Homeownership Dips to All-Time Low CFPB Requests Comments on TRID Changes CoreLogic: Slow Start for Cash Sales this Year Fannie And Freddie Changes; Jumbo Market Altering And Not For The Better Differences Between Current and Previous FOMC Statements Pending Home Sales Stabilize, But Miss Estimates Foreclosure Starts Buck Generally Positive Mortgage Trends Mountain West Home Prices Climb Higher -Black Knight EverBank On The Block; First Time Buyer Survey; Servicing Market Troubles Hitting Rates Fannie, Freddie, And Lender Updates; New Non-QM and Pricing Engine Products Latest Video Bond market reaction to Fed September rate hike in play? June pending home sales posts big miss More News from ‘Around the Web’ Reuters – 7/29 Global funds cut share holdings to five-year lows as Brexit bites CNBC – 7/29 US economy grows a weak 1.2 percent in Q2 as inventories fall CNBC – 7/29 Apartment market ‘increasingly jittery’ Calculated Risk Blog – 7/29 Chicago PMI declines in July, Final July Consumer Sentiment at 90.0 Reuters – 7/29 Investors continue equity exodus, buy bonds and emerging markets Market Watch – 7/29 Fed’s Williams says he’s not concerned about a recession CNBC – 7/29 What your friends do on Facebook could directly affect the house you live in Calculated Risk Blog – 7/29 Q2 GDP: Investment Slump Reuters – 7/29 Fed’s Williams downplays GDP weakness, sees rate hikes http://www.realtor.com – 7/29 Land Scarce for Luxury Homes Reuters – 7/29 ‘Sell everything,’DoubleLine’s Gundlach says http://www.realtor.com – 7/28 America’s 20 Hottest Real Estate Markets for July 2016 Reuters – 7/28 U.S. jobless claims increase; labor market still strong CNBC – 7/28 US advance June goods trade deficit $63.3 billion Bloomberg – 7/28 Greenspan ‘Nervous’ Bond Prices Too High, Sees Stagflation Ahead freddiemac.mwnewsroom.com – 7/28 Mortgage Rates up Slightly National Housing Conference – 7/28 How affordable housing gets built CNBC – 7/28 Big banks up their odds of a rate hike this year Calculated Risk Blog – 7/29 Lawler: Homebuilder Summary Table for Q2 2016 CNBC – 7/28 US crude dips into technical bear market, down 20% from 2016 high CNBC – 7/28 Homeownership rate lowest since 1965 Bloomberg – 7/28 Three Things That Show Investors Are Making a Huge Bet on Low Interest Rates Market Watch – 7/27 Fed appears more open to September rate hike CNBC – 7/27 Fed leaves rates unchanged in July meeting freddiemac.mwnewsroom.com – 7/27 Freddie Mac Quarterly Apartment Investment Index Shows Strong Fundamentals in National and Local Markets Market Watch – 7/27 Bond Report: Treasury yields fall to 2-week low as the Fed is set to update policy http://www.realtor.com – 7/27 Shipping Container Home May Be the First of Many in Houston Market Watch – 7/27 Could subprime auto loans lead to same economic catastrophe as risky mortgages? CNBC – 7/27 US core capital goods orders rise modestly; overall orders weak Bloomberg – 7/27 Silicon Valley Elites Get Home Loans With No Money Down CNBC – 7/26 Dovish Wall Street Now Sees Just One Rate Hike This Year freddiemac.mwnewsroom.com – 7/26 Freddie Mac Issues Monthly Volume Summary for June 2016 Fannie Mae – 7/26 Fannie Mae Enhances HomeReady Mortgage to Expand Access to Credit for Eligible Borrowers Calculated Risk Blog – 7/26 Real Prices and Price-to-Rent Ratio in May http://www.realtor.com – 7/26 Why Aren’t More New Homes Selling When Demand Is Soaring? Bloomberg – 7/26 El-Erian: Market Too Complacent About Fed Rates Calculated Risk Blog – 7/26 A few Comments on June New Home Sales Reuters – 7/26 U.S. new home sales rise to near eight-and-a-half year high in June Calculated Risk Blog – 7/26 Black Knight’s First Look at June Mortgage Data CNBC – 7/26 S&P/Case-Shiller: US home prices rise 5.2% in May; gains ease from prior month Bloomberg – 7/22 Treasuries’ Selloff Momentum Stalls as Bond Bulls See a Rebound Bloomberg – 7/26 Why It’s So Hard to Build Affordable Housing: It’s Not Affordable Bloomberg – 7/26 EverBank in ‘Advanced’ Takeover Talks With Undisclosed Bidder Bloomberg – 7/25 BlackRock: Expect Lower Returns For Pretty Much Everything Over the Next Five Years Calculated Risk Blog – 7/25 Distressed Sales and All Cash Sales for Selected Cities in June Market Watch – 7/25 The Fed: Wage growth may be about to reach seven-year high CNBC – 7/25 Fed with ‘very, very low’ credibility gets ready to talk policy Calculated Risk Blog – 7/25 FOMC Preview: No Rate Hike, Possibly Preparing for September Rate Hike Fannie Mae – 7/25 Fannie Mae Issues $10.1 Billion of Multifamily Securities eyeonhousing.org – 7/25 Time to Build an Apartment Building in 2015 Bloomberg – 7/25 Relief for Renters Will Prolong Fed’s Wait to Hit Inflation Goal CNBC – 7/25 US bonds decline ahead of Fed minutes do Treasurys look appealing? Calculated Risk Blog – 7/25 The Future is still Bright! Calculated Risk Blog – 7/25 Black Knight: House Price Index up 1.1% in May, Up 5.4% year-over-year http://www.realtor.com – 7/25 The Best Cities to Invest in Real Estate on a Budget Bloomberg – 7/25 Yellen Still Waiting for Overwhelming Evidence to Warrant Hike Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.37% -0.02 15 Yr FRM 2.72% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.50% -0.02 5/1 Yr ARM 2.84% -0.01 Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.37% 1.26 -0.14 30 Yr. Fixed 3.95% 1.30 -0.16 MBA ** 30 Yr. Fixed 3.82% 0.34 -0.05 15 Yr. Fixed 3.06% 0.33 -0.07 30 Yr. Jumbo 3.74% 0.31 -0.05 30 Yr. FHA 3.64% 0.25 -0.05 5/1 ARM 2.93% 0.22 +0.02 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.48% 0.50 +0.03 15 Yr. Fixed 2.78% 0.50 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.78% 0.50 +0.00 Secondary Markets MBS Price Change 30YR FNMA 3.0 104.06 +0.25 30YR FNMA 3.5 105.63 +0.20 30YR GNMA 3.0 104.94 +0.31 30YR GNMA 3.5 106.34 +0.22 15YR FNMA 3.0 104.92 +0.09 15YR FNMA 2.5 103.59 +0.19 Treasuries Yield Change 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 2 YR 0.6632% -0.0513 5 YR 1.0253% -0.0610 10 YR 1.4548% -0.0513 30 YR 2.1827% -0.0477 Prices as of: 7/29/2016 4:31PM EST

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. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031

View this Report in your Web Browser | Forward to a Friend | Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

MBS RECAP: Bonds Cheer Weak GDP and Month-End Momentum

Before you read it here, it was on MBS Live.

28-Day Free Trial

Posted to: MBS Commentary
Friday, July 29, 2016 4:46 PM

Forward this email: Send a copy of this story to someone you know that may want to read it.

Heading into the close at much stronger levels this afternoon, it would be easy to overlook the fact that bond markets were weaker overnight (following the Bank of Japan’s underwhelming policy announcement) and remained in weaker territory right up to the 8:30am GDP release. Who knows how momentum would have shaped up had GDP come in stronger than expected?

While a weaker economy is unfortunate, its effect on interest rates is the opposite. Bonds rallied purposefully after the +1.2 vs +2.6 percent GDP miss (not to mention the revision to the previous quarter from 1.1…

(READ THE FULL POST)

More from MND:

• Mortgage Rate Watch: Mortgage Rates Down to 2-Week Lows After GDP
• MND NewsWire: CFPB Requests Comments on TRID Changes
• Pipeline Press: Fannie And Freddie Changes; Jumbo Market Altering And Not For The Better
• MND NewsWire: Homeownership Dips to All-Time Low
• MBS Commentary: MBS Day Ahead: Bank of Japan Disappointment Offsets FOMC Excitement

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/642861.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

Weekly Rate Report: Mortgage Rates Fall Back to 2-Week Lows

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed 3.37% -0.02 15 Year Fixed 2.72% -0.02 10YR Treasury 1.45% -0.0513 FNMA 30YR 3.5 105.63 +0.20 FNMA 15YR 2.5 104.92 +0.09 View Today’s Rates

Mortgage Rates Fall Back to 2-Week Lows July 29, 2016 Market Summary If you follow along with this weekly synopsis, you might have noticed a bit of hesitation on my part last week when it came to “ringing the alarm bells” for rates continuing their recent move higher. The reason was simple: while rates did indeed hit 2-week highs last week, they did so in a very cautious manner. It suggested that we might be generally sideways until this week’s Fed Announcement, and indeed that was the case. Fortunately, the Fed was rate-friendly, or at least the market read the Fed as such. Rates rallied with conviction on Thursday and Friday, ultimately making it back to 2-week lows by the end of the week. Next week brings important economic data, including the big jobs report on Friday. Even though Traders downgraded the probability of a Fed rate hike this week, next week’s data could counteract that, if it happens to be strong enough. Of course, if the data is weaker, it would only fuel the fledgling momentum that began to take flight at the end of this week. The point is we have another set of variables on deck that can push rates in either direction. -Matt Graham, Mortgage News Daily 30 Year Fixed Rate Mortgage Week in Review Rates shown below are based on the 30 Year Fixed Rate Mortgage Beginning Average: 3.44% Ending Average: 3.37% Weekly Change: -0.07% Yearly Change: -0.57% Friday, July 22, 2016 : 3.44% (+0.00%) Mortgage rates didn’t budge, compared to yesterday’s, which leaves them in line with their highest levels since late June. A small majority lenders have moved up from quoting conventional 30yr fixed rates of 3.375% to 3.5% during the course of this week, and a several are already as high as 3.625% for top tier scenarios. That’s about as stratified as it gets when it comes to each lenders’ best possible rate on any given scenario. The stratification is a product of market volatility, all-time lows in benchmark rates (like US Treasuries) earlier this month, and varying lender strategies with respect to their business flow. More detail: “Mortgage Rates Steady at 1-Month Highs” Monday, July 25, 2016 : 3.44% (+0.00%) Mortgage rates were unchanged again today, making three out of the past 4 days where rates haven’t budged and 6 out of the past 7 days where rates moved by 0.01% or less, on average. That’s an exceptionally narrow range, and it speaks to indecision in financial markets ahead of this week’s major central bank announcements. That’s where the Fed and the Bank of Japan give the official word on their monetary policy, which includes setting short term rates and spelling out various stimulus efforts. More detail: “Mortgage Rates Continue Sideways Slide Ahead of Fed” Tuesday, July 26, 2016 : 3.45% (+0.01%) Mortgage rates moved slightly higher today, and are now effectively at the highest levels in month. That sounds a bit more dire than it is, though, because there hasn’t been much movement in the bigger picture–especially over the past few days. In fact, there’s quite a good chance that you’d receive the same quote today as you would have late last week. For most borrowers, that’s in the mid 3.5% neighborhood when it comes to conventional, 30yr fixed loans. More detail: “Mortgage Rates at 1-Month Highs” Wednesday, July 27, 2016 : 3.44% (-0.01%) Mortgage rates moved slightly lower today, although that’s only true for lenders who issued mid-day improvements following the Fed’s policy announcement. Markets were, by no means, expecting the Fed to hike rates today, but there was a decent enough chance they would telegraph their intention to hike. Such a move is certainly in the Fed’s playbook, but if that’s what they were shooting for today, it didn’t show. More detail: “Mortgage Rates Move Down Following Fed Announcement” Thursday, July 28, 2016 : 3.39% (-0.05%) Mortgage rates fell at the quickest pace in more than a month today as lenders priced-in the market improvements seen after yesterday’s Fed Announcement. Even though quite a few lenders offered improvements yesterday afternoon, the so-called “reprices” were conservative compared to improvements implied by trading levels in mortgage-backed-securities (the bonds that most directly affect mortgage rates). More detail: “Best Day Since Brexit For Mortgage Rates” Friday, July 29, 2016 : 3.37% (-0.02%) Mortgage rates enjoyed another strong day, falling to the best levels in exactly 2 weeks. Rates were actually set to move higher early this morning, but a much weaker-than-expected reading on Q2 GDP helped drive demand for bonds. Better buying pushes bond prices higher and rates lower. The strength in bond markets gave lenders the peace of mind needed in order to offer even better terms than yesterday. The most prevalent conventional 30yr fixed rate is quickly returning to 3.375% on top tier scenarios. More detail: “Mortgage Rates Down to 2-Week Lows After GDP” Co-branding this Report Enable co-branding to personalize this report with your business information here. Learn more about co-branding with NO competitor ads. Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.37% -0.02 15 Yr FRM 2.72% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.50% -0.02 5/1 Yr ARM 2.84% -0.01 Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.37% 1.26 -0.14 30 Yr. Fixed 3.95% 1.30 -0.16 MBA ** 30 Yr. Fixed 3.82% 0.34 -0.05 15 Yr. Fixed 3.06% 0.33 -0.07 30 Yr. Jumbo 3.74% 0.31 -0.05 30 Yr. FHA 3.64% 0.25 -0.05 5/1 ARM 2.93% 0.22 +0.02 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.48% 0.50 +0.03 15 Yr. Fixed 2.78% 0.50 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.78% 0.50 +0.00 Secondary Markets MBS Price Change 30YR FNMA 3.0 104.06 +0.25 30YR FNMA 3.5 105.63 +0.20 30YR GNMA 3.0 104.94 +0.31 30YR GNMA 3.5 106.34 +0.22 15YR FNMA 3.0 104.92 +0.09 15YR FNMA 2.5 103.59 +0.19 Treasuries Yield Change 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 2 YR 0.6632% -0.0513 5 YR 1.0253% -0.0610 10 YR 1.4548% -0.0513 30 YR 2.1827% -0.0477 Prices as of: 7/29/2016 4:31PM EST

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 presented in this report are averages and are subject to change without notice. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031

View this Report in your Web Browser | Forward to a Friend | Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

Daily Rate Update: Mortgage Rates Down to 2-Week Lows After GDP

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed 3.37% -0.02 15 Year Fixed 2.72% -0.02 10YR Treasury 1.45% -0.0513 FNMA 30YR 3.5 105.63 +0.20 FNMA 15YR 2.5 104.92 +0.09 View Today’s Rates

Mortgage Rates Down to 2-Week Lows After GDP July 29, 2016 Mortgage rates enjoyed another strong day, falling to the best levels in exactly 2 weeks. Rates were actually set to move higher early this morning, but a much weaker-than-expected reading on Q2 GDP helped drive demand for bonds. Better buying pushes bond prices higher and rates lower. The strength in bond markets gave lenders the peace of mind needed in order to offer even better terms than yesterday. The most prevalent conventional 30yr fixed rate is quickly returning to 3.375% on top tier scenarios. Next week brings important economic data, including the big jobs report on Friday. The overall tone of that data should help determine whether rates will continue building on the past 2 days of positive momentum. The conservative approach would be to lock in the gains with rates at 2-week lows. The aggressive approach would be to wait until we have clear evidence AGAINST the possibility that a new trend toward lower rates has begun. As of today, there is no such evidence, but it could come at any time. Loan Originator Perspective Rate sheets have shown solid improvements over the last couple days. The benchmark 10 year note has pushed below resistance at 1.51 which makes me lean toward favoring floating. however, today is month end and I am a bit concerned some of the rally today is based on that and we could lose some on Monday. Based on that, I would think wise to lock in any short term closings, but if closing in over 15 days, I would roll the dice over the weekend and float. –Victor Burek, Open Mortgage Pricing remains to be very attractive and the recent move lower may cause for a bigger motivation to lock. I’m locking all loans on the block for closing in the next 2 weeks, leaving an option for those within 30 days, but floating anything with more time to close. Rates seem to want to creep lower. –Gus Floropoulos, VP, The Federal Savings Bank Interest rates continue to challenge all time lows as we head into month end and a weak GDP report this morning is adding fuel to the rally. While I would never fault anyone for locking up and protecting these low rates we have now I certainly would be comfortable with any borrower floating and especially if their closing time was on a longer horizon. As always, however, we know things can change quickly so keep close to the speed dial button for your loan officer who is hopefully a well informed MBS Live member 🙂 –Hugh W. Page, Mortgage Banker, SeacoastBank Bonds continued their recent gains today, following more tepid US economic news. 10 year Treasury yields are currently 1.46%, exceptionally low by US standards, but a long ways from Japanese and some European bonds with negative yields. Since the trend is now towards lower rates, I don’t see a huge incentive to lock, for folks with some time and risk tolerance, and IF their loan originator tracks MBS to anticipate future market movement. Close to closing? Sure not a bad time to lock, with pricing nearly back to Brexit levels. –Ted Rood, Senior Originator Today’s Best-Execution Rates 30YR FIXED – 3.375–3.5% FHA/VA – 3.25% 15 YEAR FIXED – 2.75% 5 YEAR ARMS – 2.75 – 3.25% depending on the lender Ongoing Lock/Float Considerations In the biggest of pictures, “global growth concerns” remain the driving force behind the long-term trend toward lower rates Amid that trend, periodic corrections toward higher rates can and will happen. These can happen for no apparent reason, or they can be brought on by changes in expectations surrounding central bank policy at home and abroad, as well as geopolitical and systemic risks Time horizon and risk tolerance are 2 variables to consider when it comes to locking. If you have plenty of time and don’t mind losing some ground, set a limit as to how much higher rates could go before you’d lock to avoid further losses, and then float in the hopes of never seeing that limit. In the shorter-term, it’s always good to look for lock opportunities after rates have been moving lower or sideways repeatedly, especially if they’ve since begun to move back up in any sort of consistent way. As always, please keep in mind that the rates discussed generally refer to what we’ve termed ‘best-execution‘ (that is, the most frequently quoted, conforming, conventional 30yr fixed rate for top tier borrowers, based not only on the outright price, but also ‘bang-for-the-buck.’ Generally speaking, our best-execution rate tends to connote no origination or discount points–though this can vary–and tends to predict Freddie Mac’s weekly survey with high accuracy. It’s safe to assume that our best-ex rate is the more timely and accurate of the two due to Freddie’s once-a-week polling method). 30 Year Fixed Rate Mortgage 15 Year Fixed Rate Mortgage Co-branding this Report Enable co-branding to personalize this report with your business information here. Learn more about co-branding with NO competitor ads. Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.37% -0.02 15 Yr FRM 2.72% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.50% -0.02 5/1 Yr ARM 2.84% -0.01 Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.37% 1.26 -0.14 30 Yr. Fixed 3.95% 1.30 -0.16 MBA ** 30 Yr. Fixed 3.82% 0.34 -0.05 15 Yr. Fixed 3.06% 0.33 -0.07 30 Yr. Jumbo 3.74% 0.31 -0.05 30 Yr. FHA 3.64% 0.25 -0.05 5/1 ARM 2.93% 0.22 +0.02 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.48% 0.50 +0.03 15 Yr. Fixed 2.78% 0.50 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.78% 0.50 +0.00 Secondary Markets MBS Price Change 30YR FNMA 3.0 104.06 +0.25 30YR FNMA 3.5 105.63 +0.20 30YR GNMA 3.0 104.94 +0.31 30YR GNMA 3.5 106.34 +0.22 15YR FNMA 3.0 104.92 +0.09 15YR FNMA 2.5 103.59 +0.19 Treasuries Yield Change 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 2 YR 0.6632% -0.0513 5 YR 1.0253% -0.0610 10 YR 1.4548% -0.0513 30 YR 2.1827% -0.0477 Prices as of: 7/29/2016 4:31PM EST

About This Report Mortgage News Daily is a trusted source of mortgage rate market data and analysis, with over 1 million readers each month. Unlike many rate surveys, our survey is conducted on a daily basis and is designed to bring you the most current and accurate rate data available. We use a proprietary formula to calculate averages based on best-execution rates from top lender’s rate sheets, also taking into account feedback from hundreds of mortgage market professionals around the country.

© 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031

View this Report in your Web Browser | Forward to a Friend | Subscribe

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 presented in this report are averages and are subject to change without notice. You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

CFPB Requests Comments on TRID Changes

Posted to: MND NewsWire
Friday, July 29, 2016 11:58 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

The Consumer Financial Protection Bureau (CFPB) is proposing changes to its Know Before You Owe Mortgage Disclosure Act, usually referred to in the industry as TRID. CFPB said the changes are intended to formalize guidance about the rule and provide greater clarity and certainty. The Bureau is invited written comments on the changes until October 18.

The TRID rule took effect on October 3, 2015 after several delays. The rule and associated disclosure forms were designed to provide borrowers with clear and consistent information about the mortgage loans they are receiving and limits changes that can be made to the original loan estimate.

Proposed changes include:

(READ THE FULL POST)

More from MND:

• Pipeline Press: Fannie And Freddie Changes; Jumbo Market Altering And Not For The Better
• MND NewsWire: Homeownership Dips to All-Time Low
• MBS Commentary: MBS Day Ahead: Bank of Japan Disappointment Offsets FOMC Excitement
• MBS Commentary: MBS RECAP: Bonds Hold Gains Despite Stock Bounce; MBS Outperform
• MND NewsWire: CoreLogic: Slow Start for Cash Sales this Year

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/07292016_trid_compliance.asp

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

Fannie And Freddie Changes; Jumbo Market Altering And Not For The Better

Posted to: Pipeline Press
Friday, July 29, 2016 10:19 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

“Buy land – they’re not making any more of it.” And the reverse is happening in Louisiana. Say what you want about global warming, or inappropriate levy building, the fact is that the state is watching a football field-sized piece of land disappear under water every hour. Per the Smithsonian Magazine Louisiana is losing 75 square kilometers of coastal terrain every year. And in California this article points out a mining company is “stealing a beach.

The International Monetary Fund and US regulators have given Deutsche Bank heat for risks posed by its 42 trillion euro derivatives portfolio, which among other factors contributed to it failing Federal Reserve stress tests. Analysts wonder if Deutsche Bank would do well to abandon its US businesses, but it has little else generating profits and is the last European holdout in the investment banking market.

(READ THE FULL POST)

More from MND:

• MND NewsWire: Homeownership Dips to All-Time Low
• MBS Commentary: MBS Day Ahead: Bank of Japan Disappointment Offsets FOMC Excitement
• MBS Commentary: MBS RECAP: Bonds Hold Gains Despite Stock Bounce; MBS Outperform
• MND NewsWire: CoreLogic: Slow Start for Cash Sales this Year
• Mortgage Rate Watch: Best Day Since Brexit For Mortgage Rates

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/pipelinepress/07292016-fannie-freddie-changes.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

Homeownership Dips to All-Time Low

Posted to: MND NewsWire
Friday, July 29, 2016 9:06 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

Homeownership rates, which have been declining since the end of the housing boom, hit an all-time low in the second quarter of 2016. The rate at the end of the period was 62.9 percent on a non-seasonally adjusted basis compared to 63.5 percent in the first quarter and 63.4 percent in the second quarter of 2015. This information was contained in the Residential Vacancies and Homeownership report for the second quarter issued by the U.S. Census Bureau.

There is some seasonality to homeownership rates and the seasonally adjusted rate for the quarter was 63.1 percent compared to 63.5 percent the first quarter and 63.6 percent a year earlier. It was also the lowest seasonally adjusted rate on record.

(READ THE FULL POST)

More from MND:

• MBS Commentary: MBS Day Ahead: Bank of Japan Disappointment Offsets FOMC Excitement
• MBS Commentary: MBS RECAP: Bonds Hold Gains Despite Stock Bounce; MBS Outperform
• MND NewsWire: CoreLogic: Slow Start for Cash Sales this Year
• Mortgage Rate Watch: Best Day Since Brexit For Mortgage Rates
• Pipeline Press: EverBank On The Block; First Time Buyer Survey; Servicing Market Troubles Hitting Rates

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/07292016_vacancies_and_homeownership.asp

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.