Daily Newsletter: Tuesday August 20, 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

                                                                4.71%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.81%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.82%
                                                                  
                                                                -0.0652

FNMA 30YR 3.5

                                                                99-03
                                                                  
                                                                +0-18

FNMA 15YR 2.5

                                                                101-24
                                                                  
                                                                +0-11

View Today's Rates

Tuesday August 20, 2013

Mortgage Rate Watch - 3:42PM

Mortgage Rates Recover Moderately Before Fed Meeting Minutes

Mortgage rates moved lower today , recovering a good portion of yesterday's losses. There were no significant economic events and much of the positivity for rates was a factor of overnight ...

MND NewsWire - 1:53PM

Housing Reform Juggles Reduced Government Role With Increased Private Capital

While it is clear that the recovery of the housing markets is well underway, it is all too easy to overlook that today's housing finance system has been largely nationalized. Three ...

Pipeline Press - 10:20AM

Realtor's In-House Lenders & Builder/Lender Offices; FinCen compliance; Are Non-Competes Valid?

One can have a lot of fun with statistics. If I own one dog, and adopt another, my dog population has gone up 100%. The same can be said for the context in which foreclosure numbers ...

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 ...

Latest Video

Home Depot reaps benefits of housing recovery

What's moving the markets?

Market has bonds all wrong: Expert

More News from 'Around the Web'

www.gallup.com - 5:02PM
Economy Easily Most Important Driver of Obama Approval
www.freddiemac.com - 5:01PM
Freddie Mac: Updated Eligibility Requirements in Response to CFPB Updates
Market Watch - 4:07PM
Opportunity finally arrives in the bond market
FHFA - 3:37PM
Technical Note regarding August 22, 2013 Q2 FHFA House Price Index
CNBC - 2:10PM
Fed: Banks fall short in stress plans
CNBC - 2:10PM
'Chaos' ahead? Truths about Fed policy
Market Watch - 1:16PM
The Fed: What to expect from the July Fed minutes
CNN - 1:13PM
Re/Max going public as housing stays hot
www.cfpbmonitor.com - 1:11PM
Director Cordray comments on effective date of mortgage rules, prepaid card rule and new Deputy Director
CNBC - 1:09PM
Woman scores win after $6.30 nearly costs her home
National Housing Conference - 11:36AM
A crucial time for America to discuss housing
Reuters - 11:36AM
U.S. judge OKs Citigroup $730 million bondholder settlement
CNBC - 11:35AM
Sell bonds, because that's what the Fed wants
NY Fed - 10:31AM
Home Price Conditions interactive maps and charts updated as of June 2013
www.gallup.com - 10:01AM
In U.S., Economic Confidence Remains at Lower Level
WSJ - 9:59AM
Vital Signs: Bond Markets Grapple With Fed Questions
CNBC - 9:26AM
Unemployment rates rise in most states
Bloomberg - 9:23AM
Germany's Schaeuble Says Greece Needs New Aid Program - Bloomberg
Market Watch - 9:23AM
Bond Report: Treasurys rebound as emerging markets tank
www.cfpbmonitor.com - 9:22AM
CFPB Mortgage Rule Revisions Add Little Value

Today's Comments

	Community Commentary - 9:23AM "Very informative article. Great read for anyone involved in the process. Well put Ted!..."
	MND NewsWire - 9:42AM "so does this mean the 3 year waiting period on a foreclosure or short sale is waived if you meet this criteria?..."
	MND NewsWire - 12:13PM "I heard a rumor that Fair Isaac is developing algorithms for a "BEACON OF LIGHT " score in response to the "Back to Work" program to quantify " credit histories that may not fully reflect true ability or propensity to repay a mortgage." and is working with FHA's TOTAL Mortgage Scorecard to implement..."
	Community Commentary - 12:16PM "Myself and most of my fellow MLO's here in my company conduct the rigorous review of credit and documents you advocate. More often than not, the review includes the Director of Sales. We are extremely uncomfortable (semantics, or no) with the term "Pre-Approval" because HUD guidelines make clear the..."
	Community Commentary - 3:37PM "I wouldn't say that AUS decisions are bogus. I would say they are only as reliable as the information you put into them. Garbage in, garbage out. You can easily manipulate the data to get an ACCEPT, but this does no one any good. An underwriter is going to review things and re-input the info anyway...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.71%

-0.04

15 Yr FRM

3.81%

-0.03

FHA 30 Year Fixed

4.37%

-0.04

Jumbo 30 Year Fixed

4.72%

-0.03

5/1 Yr ARM

3.29%

-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

+0.00

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

95-00

+0-22

30YR FNMA 3.5

99-03

+0-18

30YR GNMA 3.0

95-27

+0-24

30YR GNMA 3.5

100-05

+0-20

15YR FNMA 3.0

101-24

+0-11

15YR FNMA 2.5

98-18

+0-16

Treasuries

Yield

Change

2 YR

0.3429%

-0.0119

5 YR

1.5414%

-0.0645

10 YR

2.8161%

-0.0652

30 YR

3.8547%

-0.0448

Prices as of: 8/20/2013 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.

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