Daily Newsletter: Tuesday June 10, 2014

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30 Year Fixed

                                                                4.25%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.37%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.64%
                                                                  
                                                                +0.0308

FNMA 30YR 3.5

                                                                102-01
                                                                  
                                                                -0-08

FNMA 15YR 2.5

                                                                103-16
                                                                  
                                                                -0-05

View Today's Rates

Tuesday June 10, 2014

MND NewsWire - 1:32PM

National Foreclosure Rates Drop but 21 States Buck Trend

Foreclosure activity dipped significantly in May RealtyTrac reported on Tuesday with a decrease of 5 percent in foreclosure filings compared to those in April. RealtyTrac's U.S. Foreclosure ...

MND NewsWire - 1:12PM

"Mortgage Choice Act" passes House

A bill modifying the definition of points and fees under the Truth in Lending Act passed the House of Representatives yesterday on a voice vote. HR 3211, the Mortgage Choice Act of ...

Mortgage Rate Watch - 4:15PM

Mortgage Rates Rise to 1-Month Highs

Mortgage rates continued higher today adding to a losing streak that has only seen one day of improvement in the last 9. Rate sheets now most closely match those seen on May 10th. The ...

Pipeline Press - 10:21AM

CFPB & AMCs; Lots of Lender Updates; New Non-QM Investor; Who is Connective?

"Action will be taken to prevent the next disaster as soon as possible after it has occurred." In an unrelated topic, although in the same paragraph as that clever statement, the Federal ...

Latest Video

Florida's condo fight

Why BofA has a bright future: Fund manager

Wholesale inventories up 1.1%

More News from 'Around the Web'

Washington Post - 4:45PM
Everyone's worried about student loans
Reuters - 4:45PM
Fischer, two other Fed nominees advance in Senate
CNBC - 4:45PM
AIG's Benmosche to resign
CNBC - 4:45PM
Jobs opening up, but workers lack skills
CNBC - 4:45PM
Warren aims to fix student loan problems
CNBC - 3:10PM
Cashin: The one thing I'm watching
Bloomberg - 1:45PM
The 'Sell Treasuries' Cry Is Serious Now to Western Asset - Bloomberg
Google News - 1:33PM
REALTORS® Applaud House Passage of Mortgage Choice Act
Google News - 12:16PM
New Home Construction Needed in Most of U.S.
webfeeds.brookings.edu - 12:15PM
Janet Yellen's Dashboard
Reuters - 12:15PM
Wells Fargo loses bid to avoid lawsuit over FHA mortgage loans
Market Watch - 12:13PM
Wells Fargo CFO says slower home-buying persists
Reuters - 12:13PM
U.S. wholesale inventories rise solidly, may boost second-quarter GDP
Washington Post - 10:29AM
Median price for home in D.C. region hits record high for month of May
WSJ - 10:28AM
Economic Concerns Temper Home Buyer Enthusiasm
Bloomberg - 8:58AM
Las Vegas Back From the Bust Revives Dead Projects - Bloomberg
www.cfpbmonitor.com - 8:53AM
Another Supreme Court disparate impact case?
Market Watch - 8:52AM
10-year Treasury yield rises to highest in a month
CNBC - 8:52AM
Why troubled euro zone bonds are outperforming Treasurys
CNBC - 8:51AM
US foreclosures at 8-year low

Today's Comments

	MBS Live Chat - 9:24AM "Excellent technical analysis on "The Day Ahead"....charts for dummies..."
	MBS Live Chat - 9:30AM "not that I'd want to see it today, but the next important test in terms of 10yr yields would be 2.66-2.67..."
	MBS Live Chat - 9:37AM "Yesterday evening I was asked to compare a quote from a competitor and the borrower (conventional with 5% Down) was told by brand X that they "waive the mortgage insurance on loans with more than 5% down." I told him I've never heard of this and I'd encourage him to get this in writing and confirm with..."
	MBS Live Chat - 9:38AM "sounds like good marketing and LPMI on everything..."
	MBS Live Chat - 9:38AM "the word "waive" is suspect however from a legal perspective..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.25%

+0.02

15 Yr FRM

3.37%

+0.03

FHA 30 Year Fixed

3.80%

+0.05

Jumbo 30 Year Fixed

4.07%

+0.02

5/1 Yr ARM

3.21%

+0.00

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.80%

1.10

+0.13

30 Yr. Fixed

4.67%

1.44

+0.13

MBA **

30 Yr. Fixed

4.31%

0.15

-0.02

15 Yr. Fixed

3.42%

0.06

-0.01

30 Yr. Jumbo

4.23%

0.16

-0.01

30 Yr. FHA

4.04%

-0.45

-0.02

5/1 ARM

3.13%

0.19

-0.01

Freddie Mac **

30 Yr. Fixed

4.14%

0.50

+0.02

15 Yr. Fixed

3.23%

0.50

+0.02

1 Yr. ARM

2.40%

0.40

-0.01

5/1 Yr. ARM

2.93%

0.40

-0.03

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

97-23

-0-07

30YR FNMA 3.5

102-01

-0-08

30YR GNMA 3.0

99-29

-0-01

30YR GNMA 3.5

103-05

-0-05

15YR FNMA 3.0

103-16

-0-05

15YR FNMA 2.5

100-27

-0-07

Treasuries

Yield

Change

2 YR

0.4428%

+0.0160

5 YR

1.7107%

+0.0282

10 YR

2.6421%

+0.0308

30 YR

3.4753%

+0.0298

Prices as of: 6/10/2014 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.

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