Daily Newsletter: Tuesday June 4, 2013

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30 Year Fixed

                                                                4.04%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.16%
                                                                  
                                                                +0.02

10YR Treasury

                                                                2.15%
                                                                  
                                                                +0.0144

FNMA 30YR 3.5

                                                                103-01
                                                                  
                                                                -0-14

FNMA 15YR 2.5

                                                                103-26
                                                                  
                                                                -0-03

View Today's Rates

Tuesday June 4, 2013

MND NewsWire - 1:11PM

Home Prices Surge, With or Without Distressed Sales

According to the CoreLogic April Home Price Index (HPI) including distressed sales home prices are now up 12.1 percent on an annual basis. In March the annual increase was 10.5 percent ...

Mortgage Rate Watch - 4:25PM

Mortgage Rates Hit New 14 Month Highs. More Volatility Ahead

Mortgage rates were moderately higher today , taking most lenders into slightly higher territory than yesterday or last Tuesday (the two worst days recently). Last Tuesday was the game ...

MND NewsWire - 1:34PM

HSBC Sued for Dragging Feet on Foreclosure Process

Citing his concerns that homeowners across New York State are being held in "legal limbo" , the state's Attorney General, Eric T. Schneiderman, has filed suit against HSBC Bank and ...

MND NewsWire - 1:50PM

CFPB Gives Mortgage Lenders Heads-up on Exam Procedures

The Consumer Financial Protection Bureau is giving financial and mortgage companies a heads-up about what examiners will be looking for under new mortgage regulations scheduled to take ...

Latest Video

KC Fed's George: Slow the Pace of QE

Sloan Says Mortgage Standards to Keep Bubble at Bay

El-Erian: Growth Not Coming Quickly Enough

More News from 'Around the Web'

WSJ - 3:31PM
Some Markets Showing Addiction to Cheap Money, Fed's George Warns
Bloomberg - 3:30PM
Fed's George Calls for QE Reduction Citing Rising Risk Taking - Bloomberg
CNBC - 3:29PM
Why Bad News Soon May Just Become...Bad News
CNBC - 3:29PM
Dodd-Frank Is Dud-Frank for Many
Reuters - 3:29PM
Senators mull timetable for liquidating Fannie Mae, Freddie Mac
Bloomberg - 3:28PM
BlackRock Group Chose BofA Accord Over Countrywide Risk - Bloomberg
Bloomberg - 1:37PM
JPMorgan Asset Management Boosts Treasury Holdings on Fed Bet - Bloomberg
CNBC - 1:36PM
Bond Rates May Inch Up: Gundlach
CFPB - 1:19PM
CFPB releases exam procedures for new mortgage rules
Washington Post - 12:38PM
Will higher mortgage rates kill the housing market? Maybe not!
economix.blogs.nytimes.com - 12:37PM
Economix Blog: The Return of McMansions?
Bloomberg - 12:36PM
Pimco Flagship Has First Withdrawals Since 2011 - Bloomberg
The Big Picture - 12:35PM
Why Do People Fear the Hindenburg Omen?
CNBC - 12:31PM
Reverse Mortgages Backfiring on Some Seniors
NAHB - 12:31PM
Builders Urge Congress to Pursue Pro-Housing Policies to Spur Job and Economic Growth
Realtor.Org - 11:48AM
NAR: Why Flood Insurance Subsidies are Phasing Out
CNBC - 10:04AM
Short Supply Pushes Home Prices to Seven Year High
Market Watch - 9:53AM
Banks loosen standards on down payments
CNBC - 9:52AM
Bank of America Presses Mortgage Deal
Reuters - 9:52AM
New York Attorney General to sue HSBC over foreclosure abuses

Today's Comments

	MND NewsWire - 1:51PM "We're providing free appraisals now? Fantastic!..."
	MBS Live Chat - 2:05PM "advanced charts tab is awesome..."
	MBS Live Chat - 2:04PM "You can look that up in advanced charts..."
	MBS Live Chat - 2:06PM "Those charts are invaluable when clients want to discuss what they “heard” rates were two weeks ago...."
	MBS Live Chat - 3:11PM "That's why I love this site. Can send customers articles as well to prove yourself..."
	MBS Live Chat - 3:13PM "absolutely Jude. Whenever I have a client come in my office in person, I show them the dash board..."
	MBS Live Chat - 3:13PM "Here too. I had a guy come in the other day, and the first thing I showed him after he sat down..."
	MBS Live Chat - 3:15PM "Long time ago, a mortgage guru told me "become an expert and let everyone know it." That's EXACTLY what MBS Live does, if you leverage it correctly...."
	MBS Live Chat - 2:15PM "RTRS- FED'S GEORGE SAYS ADJUSTING PACE OF ASSET PURCHASES WOULD PREPARE MARKETS TO BE LESS DEPENDENT ON CENTRAL BANK ACTIONS..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.04%

+0.03

15 Yr FRM

3.16%

+0.02

FHA 30 Year Fixed

3.57%

+0.03

Jumbo 30 Year Fixed

4.22%

+0.03

5/1 Yr ARM

2.89%

-0.02

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

3.90%

0.39

+0.12

15 Yr. Fixed

3.10%

0.30

+0.14

30 Yr. Jumbo

4.07%

0.27

+0.14

30 Yr. FHA

3.62%

0.27

+0.09

5/1 ARM

2.60%

0.24

+0.00

Freddie Mac **

30 Yr. Fixed

3.81%

0.80

+0.22

15 Yr. Fixed

2.98%

0.70

+0.21

1 Yr. ARM

2.54%

0.50

-0.01

5/1 Yr. ARM

2.66%

0.50

+0.03

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

100-04

-0-11

30YR FNMA 3.5

103-01

-0-14

30YR GNMA 3.0

101-19

-0-11

30YR GNMA 3.5

104-21

-0-15

15YR FNMA 3.0

103-26

-0-03

15YR FNMA 2.5

101-24

-0-06

Treasuries

Yield

Change

2 YR

0.3013%

+0.0080

5 YR

1.0548%

+0.0210

10 YR

2.1462%

+0.0144

30 YR

3.3044%

+0.0417

Prices as of: 6/4/2013 4:30PM 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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