Daily Newsletter: Friday June 13, 2014

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30 Year Fixed

                                                                4.23%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.36%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.60%
                                                                  
                                                                +0.0019

FNMA 30YR 3.5

                                                                102-00
                                                                  
                                                                -0-01

FNMA 15YR 2.5

                                                                103-17
                                                                  
                                                                -0-03

View Today's Rates

Friday June 13, 2014

MND NewsWire - 3:10PM

When it Comes to Home-Ownership, Millennials could be "Generation R"

A whole generation of young Americans seem to have adopted a set of priorities quite different from those of their elders. Millennials or Generation Y, those Americans born between ...

MND NewsWire - 12:42PM

California Home Sales Dip, Prices Don't

Sales of new and existing homes in the previously superheated California market slid again in May. Sales totaled 37,734 houses and condos statewide during the month, down 0.7 percent ...

Mortgage Rate Watch - 2:33PM

Mortgage Rates Slightly Higher This Week

Mortgage rates staged a modest comeback this afternoon after starting the day in line with the highest levels of the week. As underlying market conditions improved in the afternoon ...

Pipeline Press - 11:10AM

Very Interesting Non-Agency/Jumbo News; CFPB Fines a Title Company

We're racing toward the Summer Solstice, with the most daylight in the Northern Hemisphere, but Happy Friday the 13 th AND a full moon! This combination won't happen again in North ...

Latest Video

Boomerang buyers hit housing market

Into the Futures: Fed announcement ahead

Santelli: Interest rate effect

More News from 'Around the Web'

Bloomberg - 3:12PM
Fannie Mae and Freddie Mac Ruled Exempt From Transfer Tax - Bloomberg
blogs.wsj.com - 12:49PM
Recapitalizing Fannie Mae, Freddie Mac Would Take 20 Years
CNBC - 12:20PM
'Boomerang' homebuyers get gov't boost
Reuters - 11:17AM
Recapitalizing Fannie, Freddie not viable: Treasury official
CNBC - 11:13AM
US said to seek more than $10 billion in Citigroup mortgage probe: Report
Reuters - 10:27AM
U.S. consumer sentiment slips in June
blog.redfin.com - 10:13AM
Home Listings Hit 4-Year High in May, But Demand Didn't Keep Pace
Market Watch - 9:01AM
Treasury yields surge on BOE tightening signals
CNN - 9:01AM
How to win a bidding war on a home
Reuters - 8:58AM
U.S. producer prices unexpectedly fall in May

Today's Comments

	MBS Live Chat - 10:47AM "from bofa, our tracking model now suggests growth of -1.9% in 1Q and 4.0% in 2Q for a first half average of just 1.0%.... Momentum is weak, but fundamentals are strong. We have lowered second half growth to 3.0% from 3.4%..."
	MBS Live Chat - 12:36PM "20YRS to recapitalize the GSE's? http://mndne.ws/1oXPBS5..."
	MBS Live Chat - 12:38PM "sucking off every pennie in profit of the past 4 years didnt help with that I would guess..."
	MBS Live Chat - 12:39PM "i wonder if 20 yr calc included huge payouts to the givt or not?..."
	MBS Live Chat - 1:09PM "Been here for a long time and learning as I go. Seems we've been on a downward trend since May 29th and the current ceiling of that trend is 101-29 so any close above that would be positive....unless I'm drawing that wrong...."
	MBS Live Chat - 1:15PM "your assessment of the trend and what constitutes a break is right on PM, but MBS aren't the best subjects for technical analysis--at least not when they've been holding such a steady gap to Treasuries for so long. 2008-2009, even late 2012, all different stories...."
	MBS Live Chat - 1:18PM "Right on MG. Try to use it at times assessing our teams "float" stance. Its a good tool on short term locks at times as it's held pretty steady for two weeks and verifies what you're betting against when floating short term locks. I do love this place...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.23%

+0.03

15 Yr FRM

3.36%

+0.03

FHA 30 Year Fixed

3.80%

+0.05

Jumbo 30 Year Fixed

4.06%

+0.03

5/1 Yr ARM

3.25%

+0.03

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

4.20%

0.60

+0.06

15 Yr. Fixed

3.31%

0.50

+0.08

1 Yr. ARM

2.40%

0.40

+0.00

5/1 Yr. ARM

3.05%

0.40

+0.12

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

97-29

-0-00

30YR FNMA 3.5

102-00

-0-01

30YR GNMA 3.0

100-11

+0-03

30YR GNMA 3.5

103-15

+0-02

15YR FNMA 3.0

103-17

-0-03

15YR FNMA 2.5

101-03

-0-05

Treasuries

Yield

Change

2 YR

0.4473%

+0.0083

5 YR

1.6847%

+0.0052

10 YR

2.5970%

+0.0019

30 YR

3.4075%

-0.0059

Prices as of: 6/13/2014 3:26PM 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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