Daily Newsletter: Wednesday August 7, 2013

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30 Year Fixed

                                                                4.47%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.66%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.60%
                                                                  
                                                                -0.0416

FNMA 30YR 3.5

                                                                100-29
                                                                  
                                                                +0-09

FNMA 15YR 2.5

                                                                102-30
                                                                  
                                                                +0-06

View Today's Rates

Wednesday August 7, 2013

MND NewsWire - 10:54AM

President Calls for Ending Freddie and Fannie, Hints at HARP Expansion

President Barack Obama, speaking to an audience in Phoenix yesterday, tied his proposal reforming the U.S. housing system to both his on-going theme of shoring up the middle class and ...

MND NewsWire - 11:31AM

Fannie Mae says Consumers Taking New Interest Rates in Stride

Consumers appear to take for granted that mortgage interest rates are going to rise. Only 5 percent of respondents to the July National Housing Survey expect rates to decline over the ...

Mortgage Rate Watch - 4:48PM

Mortgage Rates Improve Modestly

Mortgage rates moved slightly lower today, taking them to their best levels since last Tuesday. Rate movements have generally been very small over the past two weeks with two notable ...

MND NewsWire - 12:04PM

Second Largest Profit Ever for Freddie Mac

Freddie Mac has again reported strong quarterly financial results with net income in the second quarter of 2013 coming in at $5.0 billion, $0.6 billion more than one year earlier. This ...

Latest Video

Obama: State of America's housing

Santelli digs for housing options

Next Fed chair: To care or not to care?

More News from 'Around the Web'

CNBC - 5:41PM
JPMorgan facing DOJ mortgage probe
CNBC - 5:41PM
Fed hawks and doves align; tapering imminent
Realtor.Org - 5:40PM
Obama: Housing Essential to Economic Stability
webfeeds.brookings.edu - 5:40PM
Obama's Mixed Message on Housing and Home Mortgages
CNBC - 4:16PM
What you need to know if Fannie and Freddie go away
CNBC - 4:13PM
Think you figured out the Fed? Spare us
CNBC - 4:13PM
President turns to Zillow to push housing agenda
Reuters - 4:13PM
Fed's Pianalto prepared for QE retreat if jobs stay on track
Reuters - 4:13PM
U.S. consumer credit rises less than expected in June
House Financial Services - 2:22PM
The PATH to a Sustainable Housing Finance System for the 21st Century
Bloomberg - 2:07PM
Fed's Pianalto Sees Stronger Labor Market, Potential Tapering - Bloomberg
Reuters - 2:06PM
Freddie Mac may sue California city on eminent domain loan seizures
CNBC - 2:05PM
Summers vs. Yellen: Who are their supporters?
CNBC - 10:31AM
Housing Recovery: Top 10 Turnaround Towns for 2013
CNBC - 10:31AM
Cashin: Here's what's making markets nervous today
www.gallup.com - 9:18AM
U.S. Job Creation Stable Overall, but Federal Jobs Dwindle
Washington Post - 9:15AM
Everything you need to know about Obama's latest housing plan
CNBC - 9:14AM
Here's why people fear Fed policy
Reuters - 9:14AM
Merkel plans to stand down in 2016 if re-elected: magazine
Fannie Mae - 9:12AM
News Release - July Monthly National Hosuing Survey ...

Today's Comments

	MND NewsWire - 12:59PM "Cleary they didn't interview too many refinance oriented LO's concerning their current income versus a year ago!..."
	MBS Live Chat - 2:24PM "if a borrower buys a primary or second home and there are tenants in the property at the time of closing, but they are moving out in two weeks, could you show the rent credit on the HUD? UW says no, that makes it an investment prop...."
	MBS Live Chat - 2:25PM "Advancial will do it. Just looking to see if I can do better on the rate for him. He refers us a ton of business...."
	MBS Live Chat - 1:02PM "B-ish?..."
	MBS Live Chat - 1:02PM "Bish is fair. A- really, given the absence of concession, but rickster may see it more like B-/C+..."
	MBS Live Chat - 1:20PM "RTRS- OBAMA SAYS IN INTERVIEW WITH REAL ESTATE WEBSITE ZILLOW HE WANTS TO GET HOUSING REFORM MEASURES PASSED BY THE END OF THIS YEAR..."
	MBS Live Chat - 2:03PM "REPRICE : 2:03 PM - Provident Funding Better..."
	MBS Live Chat - 2:45PM "REPRICE : 2:45 PM - Plaza Better..."
	MBS Live Chat - 2:47PM "REPRICE : 2:47 PM - NYCB Better..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.47%

-0.02

15 Yr FRM

3.66%

-0.02

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.47%

+0.00

5/1 Yr ARM

3.24%

+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

4.39%

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

+0-10

30YR FNMA 3.5

100-29

+0-09

30YR GNMA 3.0

98-02

+0-09

30YR GNMA 3.5

102-00

+0-08

15YR FNMA 3.0

102-30

+0-06

15YR FNMA 2.5

99-30

+0-07

Treasuries

Yield

Change

2 YR

0.3055%

-0.0039

5 YR

1.3701%

-0.0179

10 YR

2.5986%

-0.0416

30 YR

3.6844%

-0.0397

Prices as of: 8/7/2013 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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