Mortgage Rate Update – May 8, 2015

Friday May 8, 2015 Mortgage Rate Watch – 5/8 Mortgage Rates Lowest This Week After Jobs Report Mortgage rates had been under heavy attack for several weeks before finally striking back yesterday. The counterattack could only go so far with today’s important Employment Situation … MND NewsWire – 5/5 Are There More First-Time Buyers Than we Think? Given how critical first-time homebuyers are to the housing system the Urban Institute says it is important to accurately measure how present they are in the market. The National Association … MND NewsWire – 5/7 Mixed Signals in Fannie Housing Survey Fannie Mae said on Thursday that while the results of its April National Housing Survey showed some improvement in housing sentiment, it was “likely not enough to trigger any breakout … MND NewsWire – 5/5 Supply/Demand Pushing Home Prices Higher Nationwide home prices are now within 10 percent of their pre-crash peaks and seven states have surpassed those peaks, some have been establishing new high marks for several months … Banks Agree to Remove Credit Notations on “Zombie” Debt GSEs Continue Financial Winning Streak Vendor Updates; SAFE Act Changes on The Way? Servicer Complaints Ebbing with Delinquencies Final Rules for AMC Supervision Released by Regulators MBS MID-DAY: Bullet Dodged After Weaker NFP, But More Coming? Earlier Intervention Policy is Best for Housing Boom/Bust Cycles 10% of Americans are “Credit Invisible” Rate Increases Take Toll on Refi Apps

Today’s Rates

Best Execution	Rate	Change
30 Yr FRM	3.87%	-0.08
15 Yr FRM	3.17%	-0.05
FHA 30 Year Fixed	3.75%	+0.00
Jumbo 30 Year Fixed	3.77%	-0.06
5/1 Yr ARM	3.00%	-0.02

Average Mortgage Rates

	Rate	Points	Change
FHFA *
15 Yr. Fixed	3.47%	1.11	+0.02
30 Yr. Fixed	4.33%	1.33	-0.01

MBA **
30 Yr. Fixed	3.87%	0.38	+0.01
15 Yr. Fixed	3.16%	0.29	+0.01
30 Yr. Jumbo	3.84%	0.35	+0.03
30 Yr. FHA	3.67%	0.23	-0.02
5/1 ARM	2.82%	0.40	+0.06

Freddie Mac **
30 Yr. Fixed	3.80%	0.60	+0.12
15 Yr. Fixed	3.02%	0.60	+0.08
1 Yr. ARM	2.46%	0.40	-0.03
5/1 Yr. ARM	2.90%	0.40	+0.05

RESOURCES at Amazon Corner

Buying First Home: Tips, First Home Owners Grant & First Mortage Guide, Home Buying Process

Willie and the mortgage, showing how much may be accomplished by a boy

Should I Short Sale My Home?: You do have choices in this Real Estate Market.

---

TOP Net Lease CRE Investment Books – April Selection! **Additional 10% discount!

Real Estate Lenders nationwide…? (residential & commercial)

Investors or Borrowers have challenging credit issue…?  Our private real estate lender network may provide funds for your project.  If you have a good credit score, our relationship bank Wells Fargo may provide funds for your project.  Please contact us with your inquiry information.