Daily Newsletter: Monday August 19, 2013

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30 Year Fixed

                                                                4.75%
                                                                  
                                                                +0.06

15 Year Fixed

                                                                3.84%
                                                                  
                                                                +0.06

10YR Treasury

                                                                2.88%
                                                                  
                                                                +0.0525

FNMA 30YR 3.5

                                                                98-17
                                                                  
                                                                -0-16

FNMA 15YR 2.5

                                                                101-13
                                                                  
                                                                -0-15

View Today's Rates

Monday August 19, 2013

MND NewsWire - 2:05PM

FHA Throws Lifeline to Those With Damaged Credit During Recession

The financial crisis took its toll on Wall Street and Main Street alike. Mistakes were made and bills went unpaid on both sides of the fence, but Main Street sees Wall Street bailouts ...

Mortgage Rate Watch - 5:19PM

Mortgage Rates Highest in More Than Two Years

Mortgage rates were convincingly higher today , continuing last week's move toward the levels not seen in over two years. Those levels were reached by some lenders today as they rose ...

Community Commentary - 4:18PM

Pre-Approvals vs. Pre-Qualifications in the Home Buying Process

One of the first things a savvy home shopper does PRIOR to starting a serious home search is to explore mortgage options. An experienced realtor will encourage buyers speak with a lender ...

MBS Commentary - 4:51PM

MBS RECAP: When Will Sept-Taper be Priced-in?

MBS Live : MBS Afternoon Market Summary Bond markets continued free-falling today, ostensibly searching for the theoretical point at which a September 18th reduction in the Fed's asset ...

Latest Video

Repairing the housing market foundation

'Eminent domain' in California?

Evans' Eye On' housing affordability

More News from 'Around the Web'

www.whitehouse.gov - 5:54PM
Readout of the President's Meeting with Independent Financial Regulators
WSJ - 4:20PM
Watchdog: Fannie, Freddie Should Expedite Accounting Changes
Reuters - 4:19PM
Analysis: In choice of next Fed chair, a focus on regulatory views
www.cfpbmonitor.com - 4:19PM
HUD seeks stay of disparate impact suit
Bloomberg - 2:35PM
Banks Dump Treasuries for Loans as Yields Jump
SIFMA - 2:35PM
SIFMA Statement on President Obama's Meeting with Financial Regulators
Reuters - 2:34PM
Fed tells big banks to improve capital planning
CNBC - 2:30PM
Is the government trying to break up JPMorgan?
The Big Picture - 1:27PM
What Do Outsized Bond Yield % Increases Mean?
CNBC - 1:17PM
With rates on the rise, here's how to play housing
Bloomberg - 11:26AM
JPMorgan to Pay $23 Million to End Suit Over Lehman Notes - Bloomberg
CNN - 10:12AM
Bond bubble finally bursting? Rates creep up
Bloomberg - 10:11AM
Fannie Mae and Freddie Mac Said to Avoid Billions in Write-Offs - Bloomberg
Market Watch - 9:21AM
Bond Report: Treasury yields mark new two-year highs
Bloomberg - 9:16AM
US 10-Year Yields to Rise Above 3%, BlackRock's Rieder Says - Bloomberg
CNBC - 9:16AM
Obama to get update on Dodd-Frank
Bloomberg - 8:22AM
Obama to Meet Financial Regulators on Dodd-Frank Implementation - Bloomberg

Today's Comments

	MND NewsWire - 1:16AM "Interesting that as GFees increase and Fan/Fred continue generating, rather than draining, government revenues, the chorus from Capital Hill is to disband them and privatize lending in US. With home values and equity increasing, and new loan quality, underwriting standards, and default rates all improving..."
	MBS Live Chat - 1:05PM "I think the "experts" really are missing the boat on this rate issue. talked to a few wholesale reps today who said even their purchase is way down...."
	MBS Live Chat - 1:07PM "The date from the rise in rates hasn't really hit the econ reports, or is just starting to. We'll see what happens now to the end of Sept, imo. S/b interesting...."
	MBS Live Chat - 1:07PM "I talked to a couple of escrow regional managers, end of last week, and they shared the same PM. Refis were expected to drop, but they weren't expecting the significant slowing in purchases over the last 30 days...."
	MBS Live Chat - 1:08PM "Yeah Philip all the reps I have spoke to are saying that purchase volume is noticeably down...."
	MBS Live Chat - 1:12PM "In the small community I have of lenders, LOs, escrow agents and realtors is that volume is off 60-80% compared to pre-May/June. All our lenders are 1 day or less on everything...."
	MND NewsWire - 3:35PM "Great news for credit challenged borrowers. While not a "Get Out of Credit Jail Free" card, at least it opens some options for borrowers whose credit suffered due to circumstances beyond their control...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.75%

+0.06

15 Yr FRM

3.84%

+0.06

FHA 30 Year Fixed

4.41%

+0.07

Jumbo 30 Year Fixed

4.75%

+0.05

5/1 Yr ARM

3.30%

+0.02

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

+0.00

15 Yr. Fixed

3.44%

0.60

+0.01

1 Yr. ARM

2.67%

0.40

+0.05

5/1 Yr. ARM

3.23%

0.50

+0.04

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

94-10

-0-15

30YR FNMA 3.5

98-17

-0-16

30YR GNMA 3.0

95-03

-0-13

30YR GNMA 3.5

99-17

-0-15

15YR FNMA 3.0

101-13

-0-15

15YR FNMA 2.5

98-02

-0-16

Treasuries

Yield

Change

2 YR

0.3548%

+0.0122

5 YR

1.6059%

+0.0399

10 YR

2.8813%

+0.0525

30 YR

3.8995%

+0.0521

Prices as of: 8/19/2013 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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