Daily Newsletter: Tuesday August 13, 2013

This website requires Javascrip to run properly.

Newsletter Preview

View our most recent newsletter below, or use the date selector to view past newsletters.

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed

                                                                4.51%
                                                                  
                                                                +0.10

15 Year Fixed

                                                                3.69%
                                                                  
                                                                +0.07

10YR Treasury

                                                                2.72%
                                                                  
                                                                +0.0993

FNMA 30YR 3.5

                                                                100-01
                                                                  
                                                                -0-22

FNMA 15YR 2.5

                                                                102-15
                                                                  
                                                                -0-12

View Today's Rates

Tuesday August 13, 2013

MND NewsWire - 1:22PM

National Housing Affordability Hits 5 Year Low

Yesterday the California Association of Realtors® (C.A.R.) reported that home affordability in the state was falling rapidly. Today the National Association of Home Builders ( NAHB ...

MND NewsWire - 12:21PM

Home Prices Fall Slower, Rise Faster Without Distressed Sales

Until the beginning of the housing bust, distressed sales were only a small part of the market and were discounted only in a modest and relatively stable manner therefore there was ...

Mortgage Rate Watch - 3:09PM

Mortgage Rates Abruptly Higher After Retail Sales Data

Mortgage rates were abruptly higher today , moving back toward the highs of the month and erasing most of the improvements seen since the Employment Report on August 2nd. After an excessively ...

MBS Commentary - 4:35PM

MBS RECAP: First Big Move in 7 Sessions is Unfriendly

MBS Live : MBS Afternoon Market Summary After maligning last week's lack of excitement, bond market bulls would be happy to have it back after today's sell-off. We were expecting more ...

Latest Video

90 Seconds with Art Cashin: Taper in September?

Retail: Awaiting the Fed's next move?

Retail sales up 0.2% in July

More News from 'Around the Web'

WSJ - 4:45PM
Dallas Fed's Fisher Weighs Odds of Him Getting Chairman Job: Zero'
CNBC - 2:29PM
Retail data not huge, yet enough to fan taper talk
WSJ - 1:42PM
Housing Inventory Rose in July
CNBC - 1:35PM
Too early to say on tapering: Lockhart
CNBC - 1:35PM
Disconnects posing market risk: Pimco's El-Erian
freddiemac.mwnewsroom.com - 12:23PM
Refinance Cash-Out Share Increases; Remains Low Historically
CNBC - 11:07AM
Looking for Fed clues? Forget about Jackson Hole
CNBC - 10:58AM
Misreading Fed's new QE study
WSJ - 10:36AM
Jackson Hole Agenda Leaked
Reuters - 10:34AM
U.S. business inventories flat, could weigh on second-quarter GDP
www.aei.org - 10:33AM
Government mortgage guarantees lead to bailouts
NAHB - 10:32AM
Rising Home Values Impact Affordability in Second Quarter
CNBC - 10:31AM
Almost everyone is misreading Fed's new QE study
CNBC - 10:31AM
Good data blitz bodes well for rally and Fed taper
CNBC - 9:33AM
Linking rates to jobs: logical or dangerous?
www.gallup.com - 9:32AM
U.S. Economic Confidence Edges Back Up
WSJ - 9:30AM
BOJ Minutes Raise Debt Concerns
Reuters - 9:26AM
Gauge of U.S. consumer spending posts biggest gain in seven months
Reuters - 9:26AM
U.S. import prices rise less than expected, inflation pressures tame
FHFA - 9:17AM
FHFA Releases New Working Paper Analyzing the Effect of Distressed Sales on the FHFA House Price Index

Today's Comments

	MBS Live Chat - 12:45PM "RTRS - LOCKHART – FED ASSET PURCHASES PROGRAM INTENDED TO HAVE A BEGINNING AND END; IT IS NOT QE INFINITY..."
	MBS Live Chat - 12:45PM "RTRS- LOCKHART SAYS DECISIONS TO REDUCE ASSET BUYS WILL BE DATA-DEPENDENT..."
	MBS Live Chat - 12:46PM "that seems friendly to us..."
	MBS Live Chat - 12:50PM "Patiently waiting for the board to light up green!..."
	MBS Live Chat - 12:51PM "you may be waiting a while...."
	MBS Live Chat - 3:29PM "REPRICE : 3:29 PM - Flagstar Worse..."
	MBS Live Chat - 3:30PM "REPRICE : 3:30 PM - Sierra Pacific Worse..."
	MBS Live Chat - 3:30PM "REPRICE : 3:30 PM - Suntrust Worse..."
	MBS Live Chat - 3:30PM "REPRICE : 3:30 PM - Quicken Loans Wholesale Worse..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.51%

+0.10

15 Yr FRM

3.69%

+0.07

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.54%

+0.09

5/1 Yr ARM

3.23%

-0.01

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

4.61%

0.42

+0.03

15 Yr. Fixed

3.66%

0.43

-0.01

30 Yr. Jumbo

4.64%

0.34

+0.00

30 Yr. FHA

4.33%

0.26

+0.03

5/1 ARM

3.39%

0.37

+0.00

Freddie Mac **

30 Yr. Fixed

4.40%

0.70

+0.01

15 Yr. Fixed

3.43%

0.70

+0.00

1 Yr. ARM

2.62%

0.30

-0.02

5/1 Yr. ARM

3.19%

0.50

+0.01

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

95-31

-0-25

30YR FNMA 3.5

100-01

-0-22

30YR GNMA 3.0

97-01

-0-25

30YR GNMA 3.5

101-06

-0-23

15YR FNMA 3.0

102-15

-0-12

15YR FNMA 2.5

99-11

-0-17

Treasuries

Yield

Change

2 YR

0.3340%

+0.0241

5 YR

1.4749%

+0.0918

10 YR

2.7172%

+0.0993

30 YR

3.7559%

+0.0730

Prices as of: 8/13/2013 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.

View this Report in your Web Browser | Forward to a Friend | Subscribe