Daily Newsletter: Monday June 16, 2014

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30 Year Fixed

                                                                4.20%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.34%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.60%
                                                                  
                                                                -0.0054

FNMA 30YR 3.5

                                                                102-03
                                                                  
                                                                +0-04

FNMA 15YR 2.5

                                                                103-10
                                                                  
                                                                -0-07

View Today's Rates

Monday June 16, 2014

MND NewsWire - 9:50AM

Are Bad Assumptions Sidelining Homebuyers?

Do mortgage lenders and real estate agents need to form a "truth squad" to combat misconceptions about homeownership? Freddie Mac's vice president and Head of Single Family Sales thinks ...

MND NewsWire - 10:36AM

Builder Confidence Highest Since January

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index narrowed the gap with positive territory this month with a jump of four points . After lagging in the ...

Mortgage Rate Watch - 3:09PM

Mortgage Rates Slightly Lower to Start Week

Mortgage rates improved again today despite stronger-than-expected economic data. When economic reports are better than forecast, rates tend to move higher, but geopolitical tensions ...

MND NewsWire - 2:24PM

Whistleblowers Invited to Testify on CFPB "Discrimination and Retaliation"

The House Financial Services Committee (FSC) Oversight and Investigations Subcommittee appears to be picking up the pace in its investigation of alleged racial and gender discrimination ...

Latest Video

Lagarde: Don't expect rate hike in 'short order' once tapering completed

Santelli Exchange: IMF cuts US growth forecast

June home builder confidence jumps

More News from 'Around the Web'

Calculated Risk Blog - 3:38PM
Existing Home Inventory up 13.7% year-over-year on June 16th
The Huffington Post - 3:09PM
As American Cities Grow, New Urbanism Must Be Inclusive
Bloomberg - 1:44PM
Affordable Housing Linked to Children's Brainpower, Study Says - Bloomberg
House Financial Services - 12:49PM
Subcommittee Continues Investigation of CFPB
CRL - 12:49PM
CRL Supports Proposed CFPB Amendments to Qualified Mortgage Rule (QM)
Reuters - 12:49PM
JPMorgan sued by Miami over alleged mortgage discrimination
webfeeds.brookings.edu - 11:30AM
What Will the Fed Do Next?
CNBC - 11:03AM
Most powerful woman in banking retires
Reuters - 11:03AM
IMF's Lagarde urges 'gradual path' for Fed rate hikes
CNBC - 11:02AM
This bank is about to become the biggest EVER
CNBC - 10:14AM
Home builder sentiment surges in June
Reuters - 9:32AM
Manufacturing output increases solidly in May
www.freddiemac.com - 9:10AM
Down Payments: Today's Most Persistent Misconception about Mortgages
blog.redfin.com - 9:10AM
5 Ways That Buying a Home Can Hurt Your Credit
www.ourbroker.com - 9:10AM
Real Estate: Why Middle Class Homes Aren't Selling
Bloomberg - 9:09AM
ECB Said Likely to Refrain From New Measures for Next Few Months - Bloomberg
CNBC - 8:35AM
Fed in focus as investors seek reassurance
CNBC - 8:30AM
Real estate quagmire sinks Gen X, Y fiscal hopes
CNBC - 8:30AM
US bonds boosted by Iraq fears; Bunds also rise

Today's Comments

	MBS Live Chat - 10:03AM "what a difference a month makes for builders..."
	MBS Live Chat - 12:09PM "anyone know if i can IRRL 1 day after closing?..."
	MBS Live Chat - 12:10PM "yes you can..."
	MBS Live Chat - 12:11PM "investor overlays but not VA..."
	MND NewsWire - 10:29AM "Zelman has no clue and her comments are indicative of an industry that will continue to run as a somewhat overregulated, dysfunctional Ponzi scheme prone to stomach churning boom and busts. Why one would advocate for the leveraging of 95% of an asset purchase for the stimulation of an industry whose..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.20%

-0.03

15 Yr FRM

3.34%

-0.02

FHA 30 Year Fixed

3.75%

-0.05

Jumbo 30 Year Fixed

4.03%

-0.03

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

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

97-31

+0-04

30YR FNMA 3.5

102-03

+0-04

30YR GNMA 3.0

100-13

+0-05

30YR GNMA 3.5

103-20

+0-07

15YR FNMA 3.0

103-10

-0-07

15YR FNMA 2.5

100-28

-0-05

Treasuries

Yield

Change

2 YR

0.4675%

+0.0122

5 YR

1.6997%

+0.0050

10 YR

2.6006%

-0.0054

30 YR

3.4017%

-0.0142

Prices as of: 6/16/2014 3:57PM 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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