Daily Newsletter: Friday August 2, 2013

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30 Year Fixed

                                                                4.48%
                                                                  
                                                                -0.09

15 Year Fixed

                                                                3.68%
                                                                  
                                                                -0.04

10YR Treasury

                                                                2.60%
                                                                  
                                                                -0.1081

FNMA 30YR 3.5

                                                                100-30
                                                                  
                                                                +0-32

FNMA 15YR 2.5

                                                                102-30
                                                                  
                                                                +0-18

View Today's Rates

Friday August 2, 2013

Mortgage Rate Watch - 4:11PM

Mortgage Rates Snap Back After Jobs Report

Mortgage rates fell sharply today, matching the pace of yesterday's abrupt move higher. By the end of the day most lenders were close to their best rates of the week. Whereas 30yr Fixed ...

MND NewsWire - 5:35PM

NMLS Report Paints Picture of Industry Consolidation

The number of companies holding licenses to lend, originate, or service mortgage loans declined slightly in the first quarter of 2013 from one year earlier but the numbers of licenses ...

Pipeline Press - 11:14AM

Are LOs Legally Liable for Their Company's Comp Plan?

Happy Friday, August 2 nd . The U.S. Department of Housing and Urban Development (HUD) notified everyone that its offices are closed today due to government cutbacks. It turns out that ...

MBS Commentary - 5:55PM

MBS RECAP: Jobs Report Impact Lost in Big Picture

MBS Live : MBS Afternoon Market Summary In the same way that Doc Holiday said "that is a hell of a thing for you to say to me" in the Movie Tombstone, it's a hell of a thing for me ...

Latest Video

Weak jobs numbers and the Fed

Putting the brakes on 'great rotation'?

Chuck Norris for Fed chairman?

More News from 'Around the Web'

Bloomberg - 5:13PM
Allstate MBS Suit Against Goldman Saches Is Discontinued - Bloomberg
Bloomberg - 5:13PM
Bond Funds Attract Deposits for First Time in Two Months - Bloomberg
economix.blogs.nytimes.com - 5:13PM
Economix Blog: Keep On Truckin'
CNBC - 5:13PM
Obama narrows Fed chairman field to 3
The Atlantic - 5:13PM
What Difference Does It Make Who Runs the Fed?
WSJ - 3:28PM
Jobs Data Muddy Fed Outlook
Reuters - 3:27PM
Fed's Bullard: drop in jobless a step closer to QE exit threshold
Bloomberg - 3:27PM
Fab's Fine Line Between Illegal and Idiotic - Bloomberg
CNBC - 1:44PM
Bull sees bright spots beyond jobs report
CNBC - 1:40PM
Fed and ECB accused of 'muddying the waters'
Market Watch - 12:27PM
Pimco Total Return Fund has second monthly outflow
CNBC - 12:19PM
CME paused Treasury futures before jobs data
CNBC - 12:10PM
Bonds take swift turn, but Fed taper on track
CNBC - 12:10PM
Unemployment rate weaker than it appears: Goldman
OCC - 12:10PM
Independent Foreclosure Review Payments Surpass $2.6 Billion
CNBC - 11:11AM
CME paused some Treasury futures contracts before jobs report amid heavy early orders
WSJ - 10:52AM
Economists React: Jobs Data Disappoint on Multiple Fronts
business.time.com - 10:52AM
Another Tepid Jobs Report Raises More Questions than it Answers
CNBC - 10:45AM
'Battle-hardened' Summers for Fed head: Altman
CNBC - 10:45AM
US factory orders rise 1.5% in June vs. 2.2% estimate

Today's Comments

	MBS Commentary - 12:16PM "An excellent piece of financial writing...."
	MBS Live Chat - 2:26PM "because the 4.5 15 coupon is lower than 30 year. does this mean more demand for higher yielding 15 years than 30 years?..."
	MBS Live Chat - 2:44PM "Andrew, I'm not sure if I understand your question. The price on 4.5 30's is higher because there's an actual market for 4.5 30's where there is none for 4.5 15's. There is a market for the lower-coupon 15's, which is why the prices are higher compared to 30's in 3.0 and 3.5 coupons...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.48%

-0.09

15 Yr FRM

3.68%

-0.04

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.49%

-0.08

5/1 Yr ARM

3.20%

-0.08

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

4.58%

0.38

+0.00

15 Yr. Fixed

3.67%

0.40

+0.04

30 Yr. Jumbo

4.64%

0.39

-0.02

30 Yr. FHA

4.30%

0.31

+0.02

5/1 ARM

3.39%

0.40

+0.09

Freddie Mac **

30 Yr. Fixed

4.39%

0.70

+0.08

15 Yr. Fixed

3.43%

0.70

+0.04

1 Yr. ARM

2.64%

0.40

-0.01

5/1 Yr. ARM

3.18%

0.60

+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

97-01

+1-02

30YR FNMA 3.5

100-30

+0-32

30YR GNMA 3.0

98-00

+1-03

30YR GNMA 3.5

101-31

+1-01

15YR FNMA 3.0

102-30

+0-18

15YR FNMA 2.5

100-03

+0-25

Treasuries

Yield

Change

2 YR

0.3013%

-0.0313

5 YR

1.3587%

-0.1336

10 YR

2.6017%

-0.1081

30 YR

3.6872%

-0.0699

Prices as of: 8/2/2013 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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