Daily Newsletter: Monday August 26, 2013

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30 Year Fixed

                                                                4.61%
                                                                  
                                                                -0.06

15 Year Fixed

                                                                3.71%
                                                                  
                                                                -0.05

10YR Treasury

                                                                2.79%
                                                                  
                                                                -0.0311

FNMA 30YR 3.5

                                                                99-23
                                                                  
                                                                +0-13

FNMA 15YR 2.5

                                                                102-05
                                                                  
                                                                +0-10

View Today's Rates

Monday August 26, 2013

MND NewsWire - 11:37AM

National Home Prices Nearing Pre-Crash Levels

Home prices keep edging closer to pre-crash price levels and today's Home Price Index report from Lender Processing Services (LPS) indicates that national prices are now back within ...

Mortgage Rate Watch - 5:15PM

Mortgage Rates Continue Lower as Data Disappoints

Mortgage rates continued lower today after a weaker-than-expected economic report this morning from the manufacturing sector. Not only does weak economic data put downward pressure ...

MND NewsWire - 12:33PM

Multifamily Sector Continues to Lead Commercial Real Estate Resurgence

All four sectors of commercial real estate continue to experience growth, but at different rates, the National Association of Realtors® (NAR) said today. The Association's quarterly ...

MBS Commentary - 6:58AM

The Week Ahead: Lots of Data and Fed Speakers

The week ahead is very different from the week past. Fed speakers will be out in greater numbers and economic data arrives in abundance. Top that off with Treasury Auctions, 'Month ...

Latest Video

Housing: Hot or not?

Santelli Exchange: Weak durables rates

What housing recovery?

More News from 'Around the Web'

www.lpsvcs.com - 5:06PM
LPS' July "First Look" Mortgage Report
Washington Post - 5:04PM
Kerry's Syria presser: That was a war speech
business.time.com - 4:11PM
U.S. Stocks Sag Following Kerry Remarks
www.cfpbmonitor.com - 4:06PM
CFPB releases financial update
CNBC - 4:05PM
Treasury to reach debt limit by mid-October-report
The Big Picture - 3:20PM
The Bernanke Years
CNBC - 3:11PM
Analysis: The case against Fed tapering this year
PR Newswire - 12:35PM
Fla.'s Housing Market Continues Positive Track in July 2013
www.lpsvcs.com - 11:19AM
LPS Home Price Index Report: June Transactions
WSJ - 11:18AM
July Business Investment Drops While Interest Rates Rise
Google News - 11:17AM
Commercial Real Estate Markets Show Steady, Moderate Growth
Washington Post - 11:16AM
This awesome video explains how to read the jobs data
Washington Post - 11:12AM
Poll: Economists anticipate Fed to pull back in fourth quarter
Bloomberg - 11:11AM
Eminent Domain Scheme Has a Tax Problem - Bloomberg
Washington Post - 10:50AM
The most qualified candidate for Fed chair isn't Summers or Yellen. It's this guy.
CNN - 10:18AM
Trump defends his school, prosecutor calls it 'a scam'
CNBC - 9:13AM
US durable goods plunge in July, cast shadow over Q3
CNBC - 9:12AM
Calif. City Looks to Seize Loans
Washington Post - 7:30AM
The crisis is over. The challenges for central bankers are only beginning.
Washington Post - 7:30AM
EverBank to pay $43 million in foreclosure settlement

Today's Comments

	MBS Live Chat - 2:15PM "Those that walked away for other reasons (strategic default) will not meet the guidelines...."
	MBS Live Chat - 2:17PM "Right, DN. They won't feel too strategic if they're looking to buy again...."
	MBS Live Chat - 2:18PM "I see it helping more Ch. 7 folks than SS or FC. Ch.7 more result of a job loss than a SS or FC...."
	MBS Live Chat - 2:20PM "If FHA wants to help borrowers and bring in more 1st time homebuyers, they should reduce their MIP fees and go back to MIP drop off of 78% LTV..."
	MBS Live Chat - 2:21PM "They also must complete HUD approved counseling at least 30 days PRIOR to application as well. Lots of hurdles and hand holding. But I'm sure it looks good in the press. HUD is paving the way to homeownership again!..."
	MBS Live Chat - 2:22PM "Plus they have to be lefthanded, so that knocks quite a few folks out...."
	Pipeline Press - 2:28PM "With appraisal standards now equal across the board, shouldn't the appraisals be more portable not less so? I understand the lenders do not want borrowers moving to their competitors but if they can not provide a loan to the borrower, and the borrower paid for the appraisal, then I think that it should..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.61%

-0.06

15 Yr FRM

3.71%

-0.05

FHA 30 Year Fixed

4.31%

-0.04

Jumbo 30 Year Fixed

4.62%

-0.03

5/1 Yr ARM

3.28%

-0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.04%

0.78

+0.24

30 Yr. Fixed

3.76%

1.06

+0.18

MBA **

30 Yr. Fixed

4.68%

0.42

+0.07

15 Yr. Fixed

3.71%

0.32

+0.05

30 Yr. Jumbo

4.74%

0.28

+0.10

30 Yr. FHA

4.40%

0.21

+0.07

5/1 ARM

3.44%

0.48

+0.05

Freddie Mac **

30 Yr. Fixed

4.58%

0.80

+0.18

15 Yr. Fixed

3.60%

0.70

+0.16

1 Yr. ARM

2.67%

0.50

+0.00

5/1 Yr. ARM

3.21%

0.50

-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

95-18

+0-18

30YR FNMA 3.5

99-23

+0-13

30YR GNMA 3.0

96-15

+0-20

30YR GNMA 3.5

100-26

+0-14

15YR FNMA 3.0

102-05

+0-10

15YR FNMA 2.5

99-00

+0-11

Treasuries

Yield

Change

2 YR

0.3681%

-0.0121

5 YR

1.5884%

-0.0349

10 YR

2.7890%

-0.0311

30 YR

3.7684%

-0.0312

Prices as of: 8/26/2013 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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