Daily Newsletter: Tuesday June 25, 2013

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30 Year Fixed

                                                                4.57%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.75%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.60%
                                                                  
                                                                +0.0546

FNMA 30YR 3.5

                                                                100-03
                                                                  
                                                                +0-00

FNMA 15YR 2.5

                                                                102-04
                                                                  
                                                                -0-03

View Today's Rates

Tuesday June 25, 2013

MND NewsWire - 1:48PM

Senate Bill to Abolish Fannie and Freddie Hits the Floor

A bill to abolish the two government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae will finally be introduced today after months of preparation. Although not widely believed ...

MND NewsWire - 12:43PM

CFPB Opens Proposed Mortgage Rule Changes for Public Comment

The Consumer Financial Protection Bureau ( CFPB ) has issued another set of proposed clarifications and revisions to the mortgage rules it released in January. The Bureau said it hoped ...

MND NewsWire - 10:38AM

Case Shiller Home Prices Rise a Record 2.5% in One Month

Home prices rose faster from March to April than they ever have in the history of the Case Shiller Indices the S&P/Case-Shiller announced today. The 10-City and 20-City Composites ...

MND NewsWire - 3:12PM

Tight Lending Environment Now Quantifiable with New MBA Index

The Mortgage Bankers Association (MBA) and AllRegs have released a new index that is designed to capture how the availability of mortgage credit fluctuates from month the month. Current ...

Latest Video

Housing Recovery in Full Swing?

Foreign Buyers & U.S. Real Estate Market

Robert Shiller on Housing Market, Economic Outlook

More News from 'Around the Web'

www.nytimes.com - 4:03PM
Home Prices Are Rising, and So Are Sales
Market Watch - 4:03PM
Outside the Box: Bill Gross: Fed tapering plan may be hasty
Market Watch - 4:03PM
Pimco's Total Return Fund loses 3.65% in June
SIFMA - 3:59PM
SIFMA Commends Senators on Planning for the Future of the Secondary Mortgage Market
FHFA - 3:39PM
FHFA Statement on Introduction of Senate Bill to Reform Housing Finance
Bloomberg - 2:24PM
Freddie Mac Said to Plan Start of Mortgage Risk-Sharing Deals - Bloomberg
CNBC - 2:21PM
Financial Stress Index Shoots Up, So What's Next?
CFPB - 2:20PM
Encouraging "responsible conduct" in enforcement investigations
www.justice.gov - 1:45PM
Former LPS Exec Sentenced to Five Years in Prison
CNBC - 12:08PM
Spiking Mortgages Won't Derail Housing: Economist
Reuters - 11:59AM
Senators push bill to scrap mortgage firms Fannie, Freddie
CNBC - 10:41AM
Bond Investors Were 'in Denial'
CNBC - 10:17AM
New Home Sales Jump Higher Than Expected in May; Consumer Confidence Surges to Highest Level Since January of 2008
CNBC - 10:16AM
New Homes Sales Hit a Near Five Year HIgh
Bloomberg - 10:07AM
U.S.'s Treasury's Miller Says Economy Showing Stable Growth
Bloomberg - 9:36AM
House Prices Climb 7.4% in Year Through April, FHFA Says - Bloomberg
CNBC - 9:33AM
Home Prices Make Record Gains
FHFA - 9:25AM
FHFA House Price Index Up 0.7 Percent in April
Bloomberg - 4:03PM
ResCap Said to Reach Accord With Fed to End Foreclosure Review - Bloomberg
WSJ - 4:06PM
Feral Hogs Could Also Root Up Business Spending

Today's Comments

	MBS Live Chat - 11:16AM "just saying, we're down about 15-20 ticks from AM sheets....surprised it took so long..."
	MBS Live Chat - 11:18AM "here comes chase with a reprice..."
	MBS Live Chat - 11:19AM "REPRICE : 11:19 AM - Chase Worse..."
	MBS Live Chat - 11:32AM "REPRICE : 11:32 AM - Wells Fargo Worse..."
	MBS Live Chat - 11:40AM "MD do you use Optimal Blue?..."
	MBS Live Chat - 11:42AM "JP...my request just got denied due to price change..."
	MBS Live Chat - 11:46AM "mine too..."
	MBS Live Chat - 11:48AM "REPRICE : 11:48 AM - Provident Funding Better..."
	MBS Live Chat - 11:57AM "REPRICE : 11:57 AM - PHH Worse..."
	MBS Live Chat - 11:57AM "REPRICE : 11:57 AM - Fifth Third Mortgage Worse..."
	Mortgage Rate Watch - 1:40PM "Building a home. approximately, 5 months out. what are my options? Is it worth locking and paying the points? or let it ride?..."
	Mortgage Rate Watch - 4:36PM "If it were me Bernie, I wouldn't be locking on a construction loan 5 months out. It is usually really expensive to do that and there is a lot of time for things to change direction between now and then. If all the data was pointing to a really strong, broad economic recovery, I would be singing a different..."
	Mortgage Rate Watch - 4:45PM "@Bernie I'm in your same boat and had the same question @@davelashbrook Thanks for you input. Something to definitely think about...."
	Mortgage Rate Watch - 7:31PM "I found this site as a result of the crazy market and my need for a place I could get quality information about whats going on... Thank you MND and MG - You helped me navigate the crazy - What a great site.. I am a new construction loan'er and have been held hostage by the movement and the cost of a..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.57%

-0.02

15 Yr FRM

3.75%

+0.00

FHA 30 Year Fixed

4.38%

+0.01

Jumbo 30 Year Fixed

4.55%

-0.07

5/1 Yr ARM

3.05%

-0.05

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

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

4.17%

0.41

+0.02

15 Yr. Fixed

3.30%

0.39

-0.02

30 Yr. Jumbo

4.23%

0.34

-0.02

30 Yr. FHA

3.85%

0.22

+0.04

5/1 ARM

2.81%

0.35

+0.03

Freddie Mac **

30 Yr. Fixed

3.93%

0.80

-0.05

15 Yr. Fixed

3.04%

0.70

-0.06

1 Yr. ARM

2.57%

0.40

-0.01

5/1 Yr. ARM

2.79%

0.50

+0.00

Current Mortgage Rates »

* 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

96-05

-0-06

30YR FNMA 3.5

100-03

+0-00

30YR GNMA 3.0

96-28

-0-07

30YR GNMA 3.5

100-18

0-00

15YR FNMA 3.0

102-04

-0-03

15YR FNMA 2.5

99-08

-0-02

Treasuries

Yield

Change

2 YR

0.4047%

+0.0043

5 YR

1.4799%

+0.0253

10 YR

2.5988%

+0.0546

30 YR

3.6177%

+0.0602

Prices as of: 6/25/2013 4:31PM EST

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

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.

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