Mortgage Rate Update – May 29, 2015

Mortgage 6

Friday May 29, 2015

MND NewsWire – 5/27

Paid-Off Revolving Debt No Longer Required to be Closed – Fannie

Fannie Mae has issued a slew of updates, clarifications, and extensions affecting its Selling Guide . Announcement SEL-2015-06 includes the following changes. The most notable change …

MND NewsWire – 5/28

Sellers’ Market Drives Pending Sales to 2006 Levels

April saw the highest number for pending sales in nearly nine years the National Association of Realtors® (NAR) said today. The Pending Home Sales Index (PHSI) increased 3.4 percent …

Mortgage Rate Watch – 5/29

Mortgage Rates Back Into the 3’s to End The Month

Mortgage rates moved lower again today , making this the 7th straight day where rates have either held steady or improved. Over that time, no single day stands out as clearly better …

MND NewsWire – 5/29

Realtors Confronting Problems of Structure, Leadership, and Technology

The Definitive Analysis of Negative Game Changers Emerging in Real Estate or D.A.N.G.E.R report prepared for the National Association of Realtors® (NAR) by author Stefan Swanepoel …

§  State, CFPB win Judgment against Florida Loan Mod Scheme

§  FHFA Notes Less Aggressive Home Price Gains

§  Running Out of Ways to Say ‘Housing Weak but Improving’

§  Ebbing Refinance Demand Weighs on Mortgage Applications

§  Ocwen’s Houston Closure; Risks Facing Banks; Cost of Compliance; State Level Lending News

§  New Homes Sales Recover Some of March Losses

§  MBS MID-DAY: After Data, Bonds on Cruise Control at Slightly Stronger Levels

More News from ‘Around the Web’

  • Calculated Risk Blog – 5/29

Friday: Ugly GDP, Chicago PMI, Consumer Sentiment

  • Bloomberg – 5/29

Call It a Sign the Worst Is Over in the Treasury Market Selloff

  • builderonline.com – 5/29

Best and Worst Metros for Baby Boomer Affordability

  • WSJ – 5/29

Fear Bond Buys Would Spark Inflation Misplaced, Cleveland Fed Says

  • WSJ – 5/29

Why U.S. GDP Shrank – At A Glance

  • CNBC – 5/29

US contracts in Q1; dollar hits corporate profits

  • builderonline.com – 5/29

Homeownership Trends Among the Young and Old

  • WSJ – 5/29

New Lift For New-Home Prices

  • CNBC – 5/29

Are you in a buyer’s or seller’s housing market?

  • CNBC – 5/29

Chicago PMI falls more than expected

  • CNBC – 5/29

Consumer sentiment beats expectations

  • CNN – 5/29

Buying a home

  • Bloomberg – 5/29

ECB to Likely Continue QE at Least Until Sept. 2016, S&P Says

  • Calculated Risk Blog – 5/29

Fannie Mae: Mortgage Serious Delinquency rate declined in April, Lowest since September 2008

  • Reuters – 5/28

No change in Greek debt talks after another day of spin

  • CNBC – 5/28

US Treasury market eyes 7-year auction, Greece

  • Reuters – 5/28

U.S. jobless claims up, but still point to labor market strength

  • mwnewsroom.com – 5/28

Mortgage Rates Reach 2015 High

  • brookings.edu – 5/28

Inequality: Is the Fed to blame?

  • CNBC – 5/28

Pending home sales spike to highest in 9 years

  • CNBC – 5/28

Is a reverse mortgage a friend or foe?

  • CNBC – 5/28

Why is Yellen skipping Jackson Hole?

  • Market Watch – 5/28

Williams says Fed likely to raise rates at some point this year

  • Market Watch – 5/28

The Fed: Fed’s Bullard says he now favors targeting nominal GDP

  • CNBC – 5/28

Fuld: No one thing caused the crisis

  • Reuters – 5/28

Fed’s Bullard: low rate vow is ‘not helpful,’ GDP targeting is

  • CNBC – 5/28

Cleveland home prices soar as foreclosures clear

  • WSJ – 5/28

Hispanics to Drive Housing Demand in Coming Decades, But Obstacles Persist

  • Market Watch – 5/28

Your house is no key to Warren Buffett-like riches

  • CNBC – 5/28

Great time to buy: Home Builders Assoc.

  • Bloomberg – 5/28

Not Buying a Home Could Cost You $65000 a Year

  • WSJ – 5/28

Kocherlakota: ‘Mistake’ for Fed to Raise Rates in 2015

  • Calculated Risk Blog – 5/27

FDIC: Fewer Problem banks, Residential REO Declines in Q1

  • The Big Picture – 5/27

Rental Fever

  • Reuters – 5/27

Homebuilder Toll Brothers profit beats estimates

  • Bloomberg – 5/27

One-Third of U.S. Workers Want Longer Hours Even With No Raise

  • Calculated Risk Blog – 5/27

Expect Case-Shiller National House Price Index up 4.0% year-over-year change in April

  • CNBC – 5/27

Toll Brothers CEO: Very strong housing market

  • mwnewsroom.com – 5/27

Freddie Mac Issues Monthly Volume Summary for April 2015

  • WSJ – 5/27

Loans For Builders Not Quite Keeping Pace

  • mwnewsroom.com – 5/27

Nearly 80 Percent of Top 100 U.S. Housing Markets Improving

  • Bloomberg – 5/27

ECB Keeps Europe’s Bond Traders Guessing on Frontloading Policy

  • WSJ – 5/27

What We’ve Learned from Yellen and Fischer

  • Bloomberg – 5/27

Maybe Alan Greenspan Was Right About Floating-Rate Mortgages

  • CNBC – 5/27

Mortgage applications drop as refinancing stalls

  • CNBC – 5/27

All eyes on the dollar, bond yields

  • Reuters – 5/27

Bernanke sees no extreme moves in U.S. markets, asset prices

  • CNN – 5/27

House hunting horror stories

  • WSJ – 5/26

Fed’s Yellen Plans to Skip This Year’s Jackson Hole Conference

  • WSJ – 5/26

Housing Bubble? Despite Rising Prices, Most Economists Still Say No

  • Bloomberg – 5/26

New US Home Sales May Rise 10% This Year, Brown Says

  • CNBC – 5/26

Higher rates soon: Portfolio manager

  • Calculated Risk Blog – 5/26

Real Prices and Price-to-Rent Ratio in March

  • Reuters – 5/26

Fed must consider global impact when raising rates: Fischer

  • CNBC – 5/26

Fed’s Fischer: Markets should be ready for hikes

  • nytimes.com – 5/26

Jury Is Still Out on European Central Bank’s Stimulus Program

  • Reuters – 5/26

U.S. consumer confidence rises in May

  • Reuters – 5/26

U.S. new home sales, prices rise strongly in April

  • CNBC – 5/26

US business spending plans rise solidly in April

  • CNBC – 5/26

The Fed is not ‘walking the talk’

  • Bloomberg – 5/26

Bond Traders Uncover Secret to Rates That Fed Just Doesn’t Get

  • freddiemac.com – 5/26

Rep and Warranty Relief Begins with the Right Technology

  • Bloomberg – 5/26

The Simple Reason Why Everyone Wants New Corporate Bonds


RESOURCES at Amazon Corner

  1. Buying First Home: Tips, First Home Owners Grant & First Mortage Guide, Home Buying Process
  2. Willie and the mortgage, showing how much may be accomplished by a boy
  3. 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!


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