Daily Newsletter: Wednesday July 10, 2013

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30 Year Fixed

                                                                4.63%
                                                                  
                                                                +0.08

15 Year Fixed

                                                                3.79%
                                                                  
                                                                +0.06

10YR Treasury

                                                                2.68%
                                                                  
                                                                +0.0439

FNMA 30YR 3.5

                                                                99-20
                                                                  
                                                                -0-18

FNMA 15YR 2.5

                                                                101-31
                                                                  
                                                                -0-10

View Today's Rates

Wednesday July 10, 2013

MND NewsWire - 8:51AM

Rising Rates Taking Consistent Toll on Purchase Demand

Mortgage application activity continued to slide last week , down 4 percent on a seasonally adjusted basis from the week before, the fourth straight week the Mortgage Bankers Association ...

MND NewsWire - 4:19PM

Lawsuits Mount as Investors Claim U.S. Overreached with GSEs

A number of investors have filed suit in two different courts against the U.S. Government over its management of Freddie Mac and Fannie Mae (the GSEs). On Sunday a group led by Perry ...

MND NewsWire - 4:23PM

MBA Highlights Growing Concerns Over FHFA's Execution of Securitization Plan

The Mortgage Bankers Association (MBA) has released the fifth and last in a series of concept papers outlining its suggestions for immediate steps Freddie Mac, Fannie Mae (the GSEs ...

Mortgage Rate Watch - 7:22PM

Mortgage Rates Rise After Fed Minutes; Silver Lining

Mortgage rates moved higher today, taking them back in line with Monday's offerings on average. The weakness came in two stages. The first round of volatility in the Secondary Mortgage ...

Latest Video

Bernanke: 'More Needs to be Done'

Reaction to the Fed Minutes

Mortgage Interest Deduction Important?

More News from 'Around the Web'

Bloomberg - 6:51PM
US Bank Takeovers Will Probably Accelerate, Fitch Says - Bloomberg
Reuters - 6:50PM
Fed split in June on QE timing; Bernanke sees easy policy for now
CNBC - 5:18PM
Bernanke: Here's the Fed's Top Goal
Bloomberg - 5:18PM
Regulators See Dodd-Frank Substantially Complete by End of Year
Washington Post - 5:18PM
Fed leaders knew they were blowing it at their last meeting, and other tidbits from the FOMC minutes
Federal Reserve - 5:16PM
Bernanke, A Century of U.S. Central Banking: Goals, Frameworks, Accountability
blog.hud.gov - 5:13PM
Four Year of Sustainability Progress, But Much More to Do
FHFA - 3:40PM
Agencies Issue Proposed Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements
CNBC - 2:16PM
Fed Officials Showed Worry About Easing Policy
CNBC - 2:07PM
Investors Buy 'Lotto Ticket' With Bet on Fannie, Freddie
CNBC - 2:07PM
Fed Minutes: Some Participants Felt Fed Will Need to Explain QE Exit Relatively Soon
CNBC - 2:07PM
Fast Rising Mortgage Rates Are Dire For Housing
Federal Reserve - 2:07PM
Minutes of the Federal Open Market Committee, June 18-19, 2013
Bloomberg - 11:48AM
Fed Skeptics' Latest Bugaboo: 'Instability'
CNBC - 10:40AM
Wholesale Inventories Post Surprise Drop
Bloomberg - 10:40AM
McGraw Hill Sued by Bear Stearns Fund Liquidators for $1 Billion - Bloomberg
Bloomberg - 9:32AM
Fairholme Funds Sues U.S. for Fannie Mae Profit
Reuters - 9:32AM
Fed Chairman Bernanke should not testify in AIG bailout lawsuit: U.S.
Bloomberg - 9:29AM
Ex-Citigroup Chairman Says Banks Probably Need Capital
CNBC - 8:40AM
Treasurys Flat as Traders Watch for Fed, Bernanke

Today's Comments

	MBS Live Chat - 4:44PM "RTRS - BERNANKE SAYS CURRENT UNEMPLOYMENT RATE OF 7.6 PERCENT IF ANYTHING OVERSTATES HEALTH OF US LABOR MARKET..."
	MBS Live Chat - 4:46PM "RTRS- BERNANKE SAYS INFLATION IS LOW, US FISCAL POLICY IS QUITE RESTRICTIVE, HIGHLY ACCOMMODATIVE MONETARY POLICY NEEDED FOR FORSEEABLE FUTURE..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.63%

+0.08

15 Yr FRM

3.79%

+0.06

FHA 30 Year Fixed

4.47%

+0.08

Jumbo 30 Year Fixed

4.70%

+0.05

5/1 Yr ARM

3.37%

+0.19

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.80%

1.17

-0.23

30 Yr. Fixed

3.58%

1.37

-0.19

MBA **

30 Yr. Fixed

4.68%

0.46

+0.10

15 Yr. Fixed

3.76%

0.41

+0.12

30 Yr. Jumbo

4.86%

0.37

+0.18

30 Yr. FHA

4.37%

0.39

+0.10

5/1 ARM

3.40%

0.54

+0.07

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

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

95-22

-0-16

30YR FNMA 3.5

99-20

-0-18

30YR GNMA 3.0

96-15

-0-23

30YR GNMA 3.5

100-15

-0-21

15YR FNMA 3.0

101-31

-0-10

15YR FNMA 2.5

98-29

-0-13

Treasuries

Yield

Change

2 YR

0.3710%

+0.0000

5 YR

1.5273%

+0.0313

10 YR

2.6816%

+0.0439

30 YR

3.6880%

+0.0413

Prices as of: 7/10/2013 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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