Daily Newsletter: Monday July 1, 2013

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30 Year Fixed

                                                                4.35%
                                                                  
                                                                -0.06

15 Year Fixed

                                                                3.57%
                                                                  
                                                                -0.06

10YR Treasury

                                                                2.47%
                                                                  
                                                                -0.0166

FNMA 30YR 3.5

                                                                101-20
                                                                  
                                                                +0-06

FNMA 15YR 2.5

                                                                103-02
                                                                  
                                                                +0-10

View Today's Rates

Monday July 1, 2013

Mortgage Rate Watch - 3:58PM

Mortgage Rate Recovery Continues

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 ...

MND NewsWire - 2:58PM

Housing Recovery Not Reaching All, Harvard Study Says

The Joint Center for Housing Studies released its annual State of the Nation's Housing report last week. Key points indicate a housing recovery that it coming on strong for some but ...

MND NewsWire - 5:15PM

Fannie Mae to get $948 Million for Misrepresented Citi Loans

Fannie Mae has agreed to take $968 million as compensation from Citigroup (Citi) for a large group of mortgages the bank was accused of misrepresenting . Some 3.7 million mortgages ...

MBS Commentary - 5:11PM

MBS RECAP: Very Calm and Moderately Positive

MBS Live : MBS Afternoon Market Summary In the context of the past few weeks and months, something feels wrong about today. Nothing is actually wrong (or actually "anything" considering ...

Latest Video

Housing: Too Far, Too Fast?

Sizing Up Friday's Jobs Report: Pro

Why Santelli's Watching Widening Yield Curve

More News from 'Around the Web'

CNBC - 2:16PM
Before Bailing on Bonds, Try These Ideas Instead
Bloomberg - 2:14PM
Mortgage Bonds Drop Up to 22% in June as Some 2013 Gains Erased - Bloomberg
Reuters - 2:12PM
PIMCO Total Return Fund falls in June, weakest month since 2008
www.frbsf.org - 2:02PM
The Economic Recovery: Past, Present, and Future
www.csbs.org - 1:30PM
Ten More States to Use Uniform Mortgage Test; 30 States Now Using the Test
FHFA - 1:29PM
Fannie Mae and Freddie Mac Help More than 2.3 Million Homeowners Keep their Homes
Reuters - 12:12PM
May construction spending approaches four-year high
CNBC - 12:08PM
Manufacturing Sector Expands Slightly More Than Expected in June; May Construction Spending Ticks Up
www.gallup.com - 9:58AM
Consumer Spending Stagnant in June -Gallup Poll
Reuters - 9:41AM
Citi to pay Fannie $968 million for potential mortgage repurchase claims
Fannie Mae - 9:23AM
Fannie Mae Statement on Agreement with Citigroup Regarding Repurchase Requests
CNBC - 8:21AM
Tremors From the Fed's Grand Experiment
Reuters - 8:17AM
Stock futures indicate positive start to third quarter
CNBC - 8:13AM
'Unprecedented' $80 Billion Pulled From Bond Funds

Today's Comments

	MBS Live Chat - 2:16PM "The UST satisfies the state testing requirements for each state that accepts the UST. All you have to do is apply and pay for licensing in each state that accepts the UST once you have passed...."
	MBS Live Chat - 2:18PM "I get that, but why do state tests even exist now that they are creating a blanket test. For example, if 30 states are on board, are you actually tested on the state-specific laws for all of them? I think not...."
	MBS Live Chat - 2:19PM "Because, some states (like the important ones in my book) don't accept the UST right now...."
	MBS Live Chat - 2:21PM "IMO, it makes it easier for us to get licensed in multiple states. Only issue I have is paying for renewals and CE every year and that becomes a daunting task if you have 10 or more states under your belt...."
	MBS Live Chat - 2:26PM "I just priced out a High Balance at 78% LTV with a 792 score @ 5.5% with no points........does that sound right or is my pricing off??..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.35%

-0.06

15 Yr FRM

3.57%

-0.06

FHA 30 Year Fixed

4.20%

-0.05

Jumbo 30 Year Fixed

4.37%

-0.05

5/1 Yr ARM

3.02%

+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

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

4.46%

0.80

+0.53

15 Yr. Fixed

3.50%

0.80

+0.46

1 Yr. ARM

2.66%

0.50

+0.09

5/1 Yr. ARM

3.08%

0.70

+0.29

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

97-27

+0-06

30YR FNMA 3.5

101-20

+0-06

30YR GNMA 3.0

99-03

+0-10

30YR GNMA 3.5

102-26

+0-11

15YR FNMA 3.0

103-02

+0-10

15YR FNMA 2.5

100-17

+0-05

Treasuries

Yield

Change

2 YR

0.3553%

-0.0040

5 YR

1.3766%

-0.0195

10 YR

2.4728%

-0.0166

30 YR

3.4747%

-0.0275

Prices as of: 7/1/2013 4:29PM 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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