PRESS CENTER
  • Subscribe
    • Email
    • RSS
  • Contact Us
    • Submit Press Release
    • News Tip / Story Idea
    • Submit a News Link
    • Contact Our Press Team
  • PRESS CENTER
    • Press Center Home
    • View the Current Release
    • View All Releases
  • Share:
  • Email
  • Social
    • Facebook
    • Twitter
    • LinkedIn
    • Google +
  • Print
  • Link
  • Embed

Share this Report via Email

Use the form below to share a copy of this report with a client, colleague or friend.   

Share via Twitter

Share this Daily Rate Market Update with your Twitter Followers. Enable our free co-branding features and your information will be added to the link shared on Twitter.  When a user clicks this link on Twitter, they will see your profile information embedded into this report.

Subscribe via email and you can share this report with your followers directly from the daily email.

   Click Here to Share via Twitter

Share via Facebook

Share this Daily Rate Market Update with your Facebook Connections. Enable our free co-branding features and your information will be added to the link shared on Facebook.  When a user clicks this link on Facebook they will see your profile information embedded into this report.

Subscribe via email and you can share this report with your connections directly from the daily email.

   Click Here to Share via Facebook

Share via LinkedIn

Share this Daily Rate Market Update with your LinkedIn Connections. Enable our free co-branding features and your information will be added to the link shared on LinkedIn.  When a user clicks this link on LinkedIn they will see your profile information embedded into this report.

Subscribe via email and you can share this report with your connections directly from the daily email.

   Click Here to Share via LinkedIn

Share via Google+

Share this Daily Rate Market Update with your Google+ Followers. Enable our free co-branding features and your information will be added to the link shared on Google+.  When a user clicks this link on Google+ they will see your profile information embedded into this report.

Subscribe via email and you can share this report with your connections directly from the daily email.

   Click Here to Share via Google Plus

Download a Printable PDF

Download a PDF version of this Daily Rate Update. Enable our free co-branding features and your information will be embedded in the report.

   Click Here to Download a PDF of this Report

Link to this Weekly Press Release

Add the following link to your website, email signature, etc. and anyone that visits the link will be shown the latest version of this report.  

Direct link:
Full HTML Code:
Looks Like:
Weekly Mortgage Rate Report

Embed this Report in your Website

Mortgage News Daily offers the option to embed the latest version of this report directly into your website.  The embedded report will update automatically each day.  Click here to get the embed code.

Widgets

We also offer customizable mortgage rate and news widgets.  See our widgets here.

Subscribe to this Report

MEMBERS OF THE MEDIA ONLY PLEASE
This report is designed for members of the media only. Non-media users can subscribe to a similar report here.

   Click Here to Subscribe

Subscribe to RSS Feed


Weekly Press Report :  RSS FEED

Also Availalbe:
Daily Rate Update :  RSS FEED

Archive:   All Releases
View this Report in your Web Browser    |    Forward to a Friend    |    Subscribe
30 Year Fixed
4.73%    +0.30
15 Year Fixed
3.83%    +0.21
10YR Treasury
2.73%    +0.2273
FNMA 30YR 3.5
98.95    -2.00
FNMA 15YR 2.5
101.55    -1.23
View Today's Rates
For Immediate Release
Rates Surge Toward 5 Percent After Jobs Report
July 5, 2013
Market Summary

Mortgage rates were able to eke out modest gains to start the week, but started moving higher ahead of the Independence Day holiday and Friday's important Jobs report.  Those moves were nothing compared to those that followed the Jobs data as rates exploded higher by almost half a point by Friday afternoon.  30yr Fixed best-execution rates moved up to a range of 4.75-4.875% after hitting lows of 4.375% on Monday.

"Week before last was the worst week for rates in 10 years and now Friday stands as the single worst day in 10 years.  As feared, last week's mini recovery proved to be a classic case of consolidation ahead of a larger move.  Could rates have held their ground if the Jobs report was bad enough?  Probably so, but bond markets were overwhelmed by the combination of 2 previous months of solid upward revisions along with June's better-than-expected headline.  No one knows what to expect next week given that many market participants will be returning from time off this week.  It continues to be impossible to rule out further moves higher despite the rapidity of the recent rise."

-Matthew Graham, Rates Strategist, Mortgage News Daily

Real-time Average Rates
Rate Product Current 1 Week Change 1 Year Change
30 Yr FRM 4.73% +0.32% +1.03%
15 Yr FRM 3.83% +0.20% +0.85%
FHA 30 Year Fixed 4.56% +0.31% +0.95%
Jumbo 30 Year Fixed 4.78% +0.36% +0.69%
5/1 Yr ARM 3.25% +0.24% +0.27%
Rates as of: Friday, July 5, 2013
Week in Review
* Rates shown based on 30 Year Fixed Rate Mortgage
Monday, July 1, 2013  :   4.35% (-0.06%)

Mortgage rates continued lower today, extending a recovery from recent 2-yr highs that peaked last Monday.  Lenders got on board with said recovery at varying rates with some not showing signs of improvement until last Wednesday.  Since then, there's been a broad move  lower, shaving off at least a quarter of a point in rate for most lenders.  This brings the 30yr Fixed  best-execution to 4.375% for the first time in over 2 weeks. 

More detail: "Mortgage Rate Recovery Continues"
Tuesday, July 2, 2013  :   4.37% (+0.02%)

Mortgage rates leveled off today, with most lenders roughly in line with yesterday's offerings while others were slightly higher in cost.  These were some of the tamest day-over-day changes we've seen over the past two months, and any rate that was quoted yesterday should still be available today, albeit with minimal increases in borrowing costs in some cases.  This means that the 30yr Fixed  best-execution rate remains at 4.375% for only the second day in two weeks.

More detail: "Rate Recovery Levels Off; Waiting on Employment Data"
Wednesday, July 3, 2013  :   4.43% (+0.06%)

Mortgage rates moved higher today, and more convincingly compared to yesterday's moderate weakness.  Despite the fact that this move is still in line with a broader 'leveling-off' process following recent multi-year highs at the end of June, the swifter pace today means that some borrowers may be looking at a higher quoted rate.  Conventional 30yr Fixed  best-execution rates generally moved back up to 4.5% today though paying extra closing costs in order to move lower in rate can make good sense depending on your scenario. 

More detail: "Mortgage Rates Higher Ahead of Holiday and Friday's Jobs Report"
Friday, July 5, 2013  :   4.73% (+0.30%)

Historical data has its limitations when it comes to mortgage rates.  For instance, the longest-running series are only updated once a week, making it hard to determine exactly where an individual day falls in the record books.  Even then, today's rise in mortgage rates is among the largest ever, and certainly the largest in the past 10 years.  Today alone, rates rose more than most entire weeks.   Conventional 30yr Fixed  best-execution rates moved forcefully into 4.75% territory, with some lenders at 4.875%.  That means that any rate quoted on Wednesday would be roughly 0.375% higher today--brutally ironic considering the most mainstream weekly rate survey from Freddie Mac noted that rates "reversed course and ticked down" on Wednesday.

More detail: "Among The Worst Days in Mortgage Rate History"
30 Year Fixed Rate Mortgage
15 Year Fixed Rate Mortgage
Members of the Media
Issued Wednesday AM, this weekly report is the most comprehensive and accurate of it's kind.  It includes:
- This Week's Market Analysis
- Real-time Mortgage Rates
- The Complete Week in Review
- Charts for the 15 and 30 Year FRM

If you have suggestions, questions or would like to schedule an interview with one of our market analysts please contact us here.
Today's Average Rates
Best Execution
Rate Change
30 Yr FRM 4.73% +0.30
15 Yr FRM 3.83% +0.21
FHA 30 Year Fixed 4.56% +0.31
Jumbo 30 Year Fixed 4.78% +0.37
5/1 Yr ARM 3.25% +0.22
View Current Mortgage Rates
About our Rate Survey
National Averages
Rate Points Change
FHFA *
15 Yr. Fixed 3.03% 0.84 +0.07
30 Yr. Fixed 3.77% 1.20 +0.03
MBA **
30 Yr. Fixed 4.58% 0.43 +0.12
15 Yr. Fixed 3.64% 0.44 +0.09
30 Yr. Jumbo 4.68% 0.38 +0.16
30 Yr. FHA 4.27% 0.44 +0.07
5/1 ARM 3.33% 0.31 +0.27
Freddie Mac **
30 Yr. Fixed 4.29% 0.70 -0.17
15 Yr. Fixed 3.39% 0.70 -0.11
1 Yr. ARM 2.66% 0.40 +0.00
5/1 Yr. ARM 3.10% 0.70 +0.02
View National Averages
* 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 94.92 -2.31
30YR FNMA 3.5 98.95 -2.00
30YR GNMA 3.0 95.64 -2.86
30YR GNMA 3.5 99.55 -2.25
15YR FNMA 3.0 101.55 -1.23
15YR FNMA 2.5 98.42 -1.72
Treasuries
Yield Change
2 YR 0.3988% +0.0356
5 YR 1.6061% +0.1904
10 YR 2.7305% +0.2273
30 YR 3.7033% +0.2102
Prices as of: 7/5/2013 4:31PM EST
View MBS and Treasury Prices
MBS & Treasury data provided through our partnership with Thomson Reuters.
Useful Links
Below is a list of useful links:
Media Links
- Press Center
- Submit a Press Release
- Submit a News Tip
- Contact our Press Team

- Subscribe to this Report: Email  RSS

Data / Tools
- Current Mortgage Rates
- Daily Rate Activity Log
- Historic Rates
- Mortgage Rate Widgets
- Rate FAQ's
- Mortgage Calculator

Commentary
- Mortgage Rate Watch
- MBS Commentary
About Our Rate Survey
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.

This weekly press release summarizes all information and analysis issued by Mortgage News Daily this week including a market summary, current mortgage rates, charts, the week in review, etc. 

Additional Information
If you need more information our experts are happy to answer questions or provide additional market perspective. Contact our press team.
This information is not an advertisement to extend consumer credit. 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.
© 2013 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

© 2021 Brown House Media, Inc. All Rights Reserved -  MND Home   Contact   Subscribe