Daily Newsletter: Wednesday June 11, 2014

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30 Year Fixed

                                                                4.21%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.36%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.64%
                                                                  
                                                                -0.0036

FNMA 30YR 3.5

                                                                101-26
                                                                  
                                                                -0-07

FNMA 15YR 2.5

                                                                103-18
                                                                  
                                                                +0-02

View Today's Rates

Wednesday June 11, 2014

MND NewsWire - 3:38PM

More Individual NMLS Licenses among Fewer Companies in Q1 2014

The first quarter 2014 report of the National Mortgage Licensing System (NMLS) released today states there were 15,246 entities that held a total of 34,054 licenses to operate as a ...

MND NewsWire - 9:58AM

Refi and Purchase Apps Bounce Back After Holiday Week

Mortgage applications surged by 10.3 percent during the week ended June 6. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume increased ...

Mortgage Rate Watch - 4:24PM

Mortgage Rates Sideways to Slightly Lower

Mortgage rates took the day off from their fairly pervasive move higher. Day-over-day rates have been the same or higher for 8 out of the last 10 days. By the skin of its teeth, today ...

MBS Commentary - 7:27AM

MBS Day Ahead: Bond Markets Heading Down Dark Path; Any Hope in Sight?

The headline is pretty ominous, but not for any particular reason. It's merely an observation of where we've been over the past few weeks, namely, moving back into 2014's dominant sideways ...

Latest Video

Ally CEO's 3 point profitability plan

Lowe's virtual experience

All-American Economic Survey: US economy

More News from 'Around the Web'

CNBC - 4:44PM
US records $130B budget deficit in May
Reuters - 4:41PM
Exclusive: U.S. using JPMorgan penalty to speed cases against other banks
www.cfpbmonitor.com - 2:45PM
Director Cordray testifies before Senate committee
IMF - 2:38PM
IMF Survey: New Global Housing Watch Throws Spotlight on Booms and Busts
Market Watch - 1:38PM
Treasurys swing lower after 10-year note auction
The Big Picture - 1:37PM
It's a Low, Low, Low, Low, Rate World
NMLS - 1:36PM
NMLS Q1 Mortgage Industry Report Released
DataQuick - 1:33PM
May Southland Home Sale Press Release
WSJ - 12:49PM
U.S. Economy's First-Quarter Contraction Could Be Even Worse Than You Thought
Market Watch - 12:48PM
Shares of home builders slide Wednesday
Market Watch - 12:48PM
J.P. Morgan could face cuts in pay, jobs: CFO
webfeeds.brookings.edu - 12:36PM
Should Taxpayers Rescue Debt-stressed College Grads?
WSJ - 11:35AM
David Brat to Bernanke: Don't Underestimate the Value of Protestants
CNBC - 11:31AM
Lowe's 3-D room makes remodeling a (virtual) reality
freddiemac.mwnewsroom.com - 11:30AM
Freddie Mac Announces Seventh Multifamily Securities Offering This Year, K-038
CNBC - 10:21AM
Lew: Income equality is ultimate test
Market Watch - 10:11AM
Bond Report: Treasurys edge up for second session in last 10
WSJ - 8:50AM
How Demographic Changes Could Boost Americans' Wages
WSJ - 8:50AM
In Janet Yellen's Eyes, Quitters Really Do Win
CNBC - 8:49AM
Why do people keep buying Treasurys?

Today's Comments

	MBS Live Chat - 8:22AM "mg quote in cnbc - "We could have held out some hope that markets were just digesting last week's big events and that rates might still snap back lower," wrote Matthew Graham of Mortgage News Daily in an analysis of the latest rate moves. "Today builds a case against any quick moves lower, and begins..."
	MND NewsWire - 11:39PM "Affiliated businesses, such as lenders or title companies owned by builders, can be a benefit, or a burden to consumers. The bottom line is that borrowers should never assume that they will obtain better pricing or service from an affiliated business. Doing so can be a costly mistake...."
	MND NewsWire - 10:17AM "I have to agree. I am an independent title company and over the years we saw the "all inclusive" tack on outrageous fees and be told well "they" told us no one could beat their rates. The interest rates might have looked low but the APR's were out of this world with up front fees....."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.21%

-0.04

15 Yr FRM

3.36%

-0.01

FHA 30 Year Fixed

3.80%

+0.00

Jumbo 30 Year Fixed

4.06%

-0.01

5/1 Yr ARM

3.20%

-0.01

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

97-18

-0-05

30YR FNMA 3.5

101-26

-0-07

30YR GNMA 3.0

99-31

+0-02

30YR GNMA 3.5

103-08

+0-03

15YR FNMA 3.0

103-18

+0-02

15YR FNMA 2.5

101-00

+0-05

Treasuries

Yield

Change

2 YR

0.4349%

-0.0079

5 YR

1.6959%

-0.0148

10 YR

2.6385%

-0.0036

30 YR

3.4625%

-0.0128

Prices as of: 6/11/2014 4:34PM 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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