Daily Newsletter: Monday August 5, 2013

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30 Year Fixed

                                                                4.49%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                3.69%
                                                                  
                                                                +0.01

10YR Treasury

                                                                2.64%
                                                                  
                                                                +0.0364

FNMA 30YR 3.5

                                                                100-24
                                                                  
                                                                -0-06

FNMA 15YR 2.5

                                                                102-25
                                                                  
                                                                -0-05

View Today's Rates

Monday August 5, 2013

MND NewsWire - 11:02AM

Huge Spike in Delinquencies Chalked up to Seasonal Factors

The headline news from the Lender Processing Services (LPS) Mortgage Monitor Report for June, that early mortgage delinquencies had surged 10 percent during the month, was released ...

MND NewsWire - 2:49PM

Cash-Out Loans Help Mortgage Credit Availability Improve

The Mortgage Bankers Association's new Mortgage Credit Availability Index (MCAI) increased in June to 112.3 from 108.9 in May, an increase of 2.2 percent. This was the fifth consecutive ...

MND NewsWire - 3:11PM

Treasury Sell-Off Compared to Past Examples

Is the recent change in long-term Treasury yields the result of investors optimism about higher short-term rates down the road, or are they demanding more return on their long-term ...

Mortgage Rate Watch - 4:33PM

Mortgage Rates Sharply Sideways

Mortgage rates were essentially unchanged today. Whereas rates where sharply lower on Friday (after being sharply higher on Wednesday morning, lower on Wednesday afternoon, and higher ...

Latest Video

'All roads lead to the Fed': Santelli

Santelli: Slow August? Slow bond activity?

Mortgage standards easing

More News from 'Around the Web'

Washington Post - 5:33PM
S&P screwed up when it downgraded U.S. credit 2 years ago. Here's proof.
Bloomberg - 5:33PM
Who Does America's Banker Wants as Fed Chairman? - Bloomberg
WSJ - 3:26PM
Word Around the Campfire (Literally): Yellen Favored For Next Fed Chair
Bloomberg - 2:33PM
HSBC Says US Mortgage Bond Suit Damages May Cost $1.6 Billion - Bloomberg
Market Watch - 2:32PM
Fed: Banks eased loan standards in second quarter
WSJ - 1:40PM
What Happens if Unemployment Gets to 7% Before Fed Is Ready?
CNBC - 1:38PM
ISM services and the July economy: two out of three ain't bad
CNBC - 1:37PM
Higher mortgage rates may mean easier credit
Bloomberg - 11:38AM
SunTrust to Invest Up To $5 Billion in MetLife Commercial Loans
CNBC - 11:36AM
Obama first to politicize Fed pick: Romney advisor
WSJ - 9:57AM
Secondary Sources: Budget Bedlam, Bond Selloff, Fed Taper
WSJ - 9:56AM
Economic Data Slow to a Trickle This Week
www.lpsvcs.com - 9:18AM
LPS' June Mortgage Monitor: Spike in Delinquency Rate Broad-Based Across Geography, Loan Type
CNBC - 9:15AM
US consumer spending flattening: Gallup
CNBC - 8:12AM
Fed needs a leader with wisdom and not charisma

Today's Comments

	MBS Live Chat - 12:00PM "I believe that since he is taking this 401k distribution pre-tax, it is taken out of his income. So his paystub pay show $1666.67 per month, but also shows a $1666.67 pre-tax contribution to his 401K, which nets him $0 income that month. So he basically has no income that month since all of his money..."
	MBS Live Chat - 12:04PM "So I must be missing something, but I've been looking for the past 5 minutes for a chart history of the Prime Rate. Anyone have a link handy?..."
	MBS Live Chat - 12:06PM "http://www.fedprimerate.com/wall_street_journal_prime_rate_history.htm..."
	MBS Live Chat - 12:07PM "or http://research.stlouisfed.org/fred2/graph/?id=MPRIME,..."
	MBS Live Chat - 12:09PM "MG, have you seen this? Fed's Fisher: Closer to taper after job data http://www.marketwatch.com/story/feds-fisher-closer-to-taper-after-job-data-2013-08-05-1191306..."
	MBS Live Chat - 12:11PM "Fischer is a hawk. How would they give credence to the UE rate going to 7.4% when the job participation rate went down? It's directly related and I don't think the Fed is dumb enough to not see that. Fisher has always wanted QE to end fast so he'll say anything towards that agenda...."
	MBS Live Chat - 12:12PM "I think you answered all 2-3 of your own questions MG2..."
	MND NewsWire - 2:52PM "Wow, what great perspective the 2007 comparison is: 800 then, 112 today. My how the times have changed!..."
	MBS Live Chat - 12:22PM "Are fed member always this outspoken in regards to policy? Or is this just under Ben?..."
	MBS Live Chat - 12:38PM "I think Bernanke's transparency campaign + the less-than-boring circumstances of the past 5 years have afforded a richer backdrop against which the Fed govs can perform their scheduled speaking...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.49%

+0.01

15 Yr FRM

3.69%

+0.01

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.48%

-0.01

5/1 Yr ARM

3.22%

+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

4.58%

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

96-27

-0-06

30YR FNMA 3.5

100-24

-0-06

30YR GNMA 3.0

97-27

-0-05

30YR GNMA 3.5

101-28

-0-03

15YR FNMA 3.0

102-25

-0-05

15YR FNMA 2.5

99-26

-0-09

Treasuries

Yield

Change

2 YR

0.3054%

+0.0041

5 YR

1.3864%

+0.0277

10 YR

2.6381%

+0.0364

30 YR

3.7319%

+0.0447

Prices as of: 8/5/2013 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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