Daily Newsletter: Friday June 7, 2013

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30 Year Fixed

                                                                4.05%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                3.17%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.18%
                                                                  
                                                                +0.0985

FNMA 30YR 3.5

                                                                103-06
                                                                  
                                                                -0-14

FNMA 15YR 2.5

                                                                103-26
                                                                  
                                                                -0-05

View Today's Rates

Friday June 7, 2013

Mortgage Rate Watch - 5:19PM

Mortgage Rates Hit New 15 Month Highs After Jobs Report

Mortgage rates rose today. They rose no more or less than any other "fairly bad" day in the history of mortgage rates, but at this particular point in history, they were already at ...

MND NewsWire - 6:56PM

Home Equity Grew by $815 bln in Q1 - Housing Scorecard

The U.S. Department of Housing and Urban Development ( HUD ) and the U.S. Department of the Treasury today released the May edition of the Obama Administration's Housing Scorecard ...

MND NewsWire - 1:51PM

Payrolls Report Changes Nothing About Fed's Next Move

Today's payrolls numbers had a chance to give clear pause to near-term tapering prospects, IF it had been weak enough. It similarly had a chance to suggest tapering might even make ...

Community Commentary - 7:46PM

Do's and Don't's For a Smooth Mortgage Process: Part 2

We could all use a little comedy considering the recent rise in rates . But delays in the loan process are no laughing matter, costing you more and more as rates rise (even if you lock ...

Latest Video

U.S. Jobs Report, Housing Market and Fed Outlook

Jobs Report Ignites Fed Debate

Is Jobs Number 'Too Good?'

More News from 'Around the Web'

OCC - 2:33PM
Independent Foreclosure Review Payments Near $2.4 Billion
CNBC - 2:33PM
Housing Investors Cool on Buy-to-Rent Model
CFPB - 2:33PM
CFPB: Should I use a home equity loan to refinance my student loans?
WSJ - 12:18PM
Five Takeaways From Jobs Report
CNBC - 12:03PM
How Home Ownership Causes Unemployment
CNBC - 10:22AM
US Jobs Data Keeps 'Taper' Talk Alive
economix.blogs.nytimes.com - 10:22AM
Economix Blog: The Sequester Starts to Show
www.nytimes.com - 10:22AM
Off the Charts: Census Reports Home Construction Has Improved
The Big Picture - 9:51AM
How Another Housing Bubble Was Blown And Why
CNBC - 3:58PM
Consumer Credit Up Less Than Forecast
Bloomberg - 3:58PM
US Bond Funds Suffer Second-Most Redemptions Since 1992 - Bloomberg
Bloomberg - 1:55PM
Bulk of US Payroll Gain in Jobs Paying Less-Than-Average Wages - Bloomberg
freddiemac.mwnewsroom.com - 1:53PM
Freddie Mac Receives "Above Average" Commercial Loan Master Servicer Ranking From Standard & Poor's
CNBC - 1:53PM
For Some Investors, Fed Can Start Tapering NOW
Bloomberg - 12:08PM
Lehman Brokerage Customers on Track to Get 100 Percent - Bloomberg
Washington Post - 12:09PM
The jobs report was pretty solid. So why aren't wages rising?

Today's Comments

	MND NewsWire - 9:28PM "Not to mention that with all the LLPA hits built into our rate sheets now, the more equity consumers have, the better rate/pricing they are going to get down the road if they refi again. There needs to be an MBS Live report done on how many thousands of dollars the MBS literate originating community..."
	MBS Live Chat - 10:05AM "What causes the major jumps an drops?/ + 6 ticks in one jump is it low volume? or large purchase amounts?..."
	MBS Live Chat - 10:06AM "Good question Noah. Sometimes it can just be market-making, as buyers and sellers quotes have an effect on the price feed in addition to trades. If a buyers is throwing out a lowball bid or seller throwing out a high offer price, we can see jumps...."
	MBS Live Chat - 9:39AM "REPRICE : 9:39 AM - Wells Fargo Worse..."
	MBS Live Chat - 10:10AM "sheets about .25 worse than yesterday's last one..."
	MBS Live Chat - 12:06PM "REPRICE : 12:06 PM - Flagstar Worse..."
	MBS Live Chat - 12:12PM "REPRICE : 12:12 PM - Chase Worse..."
	MBS Live Chat - 1:59PM "REPRICE : 1:59 PM - Flagstar Worse..."
	MBS Live Chat - 2:00PM "2nd round for Flag..."
	MBS Live Chat - 2:14PM "REPRICE : 2:14 PM - Plaza Worse..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.05%

+0.04

15 Yr FRM

3.17%

+0.03

FHA 30 Year Fixed

3.60%

+0.06

Jumbo 30 Year Fixed

4.25%

+0.03

5/1 Yr ARM

2.91%

-0.01

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

3.91%

0.70

+0.10

15 Yr. Fixed

3.03%

0.70

+0.05

1 Yr. ARM

2.58%

0.40

+0.04

5/1 Yr. ARM

2.74%

0.50

+0.08

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

100-01

-0-22

30YR FNMA 3.5

103-06

-0-14

30YR GNMA 3.0

101-12

-0-23

30YR GNMA 3.5

104-16

-0-21

15YR FNMA 3.0

103-26

-0-05

15YR FNMA 2.5

101-22

-0-11

Treasuries

Yield

Change

2 YR

0.3057%

+0.0161

5 YR

1.0971%

+0.0890

10 YR

2.1754%

+0.0985

30 YR

3.3378%

+0.0992

Prices as of: 6/7/2013 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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