Daily Newsletter: Wednesday June 18, 2014

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30 Year Fixed

                                                                4.21%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.34%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.59%
                                                                  
                                                                -0.0616

FNMA 30YR 3.5

                                                                102-06
                                                                  
                                                                +0-16

FNMA 15YR 2.5

                                                                103-12
                                                                  
                                                                +0-10

View Today's Rates

Wednesday June 18, 2014

Mortgage Rate Watch - 4:46PM

Mortgage Rates Only Moderately Lower After Fed Announcement

Mortgage rates moved modestly lower by the end of the day, but didn't break any new ground on the week. The afternoon brought the week's main event in the form of the Fed's policy announcement ...

MND NewsWire - 12:16PM

SunTrust Settles Servicing Abuse Claims with AGs, Feds

SunTrust Mortgage, has agreed to pay a total of nearly $1 billion to settle various complaints alleging abuses in mortgage origination, servicing, and foreclosure procedures including ...

MND NewsWire - 9:00AM

Uptick in Rates Provokes a Big Drop in Volume

There was a significant drop in mortgage applications, especially for refinancing, during the week ended June 13 the Mortgage Bankers Association (MBA) reported today. Results of MBA ...

MND NewsWire - 12:29PM

Rising Prices Increasingly Deterring Sales in California

Information from the California Association of Realtors (C.A.R.) on Tuesday echoing the trend if not the absolute numbers of data released last week from DataQuick. Both surveys show ...

Latest Video

Fed: Economic growth rebounded recent months

Santelli Exchange: QE feast for Wall Street?

Closing Bell Exchange: Market's reaction to Yellen

More News from 'Around the Web'

www.npr.org - 5:14PM
Housing Market Sluggish Due To Millions Of 'Missing Households'
WSJ - 4:18PM
Yellen: Investors Shouldn't Take Ultra-Low Rates For Granted
Bloomberg - 3:32PM
Yellen Says Low Volatility a Worry If It Induces Risky Behavior - Bloomberg
WSJ - 3:31PM
5 Takeaways From the Fed's Decision, Growth Downgrade
WSJ - 3:30PM
Fed's Yellen: Recent U.S. Inflation Data on High Side, But Noisy
freddiemac.mwnewsroom.com - 3:21PM
Freddie Mac June 2014 U.S. Economic and Housing Market Outlook
Market Watch - 3:20PM
Yellen: Lenders need 'greater certainty' to make more mortgages
CNBC - 2:18PM
Denver homes: 'Truly a seller's market'
CNBC - 2:16PM
Fed tapers another $10 billion
House Financial Services - 12:48PM
'Disturbing Developments' at CFPB Show Need for Accountability
CNBC - 11:41AM
Fed's tough choice on inflation: Pro
WSJ - 10:57AM
Why The Market Doubts Fed's Projections
rss.nytimes.com - 10:54AM
In the Euro Zone, Recession Is Not Quite Over, Economists Say
Market Watch - 8:54AM
Bond Report: Treasurys rise ahead of Fed news
CNBC - 8:54AM
US current account deficit widens sharply

Today's Comments

	MBS Live Chat - 2:01PM "RTRS- FED REPEATS MAY KEEP FUNDS RATE BELOW NORMAL LEVELS FOR SOME TIME EVEN ONCE EMPLOYMENT, INFLATION NEAR LEVELS IN LINE WITH MANDATE..."
	MBS Live Chat - 2:03PM "as expected, all changes in 1st paragraph..."
	MBS Live Chat - 2:07PM "almost 25 bps worse on live pricing..."
	MBS Live Chat - 2:07PM "the 5 minute reversal seems common on Fed and NFP days...."
	MBS Live Chat - 2:08PM "wow, a little bit of volatility......"
	MBS Live Chat - 2:08PM "super ball bounce..."
	MBS Live Chat - 2:08PM "we need yellen to talk us off the ledge..."
	MBS Live Chat - 2:09PM "We're down 4 on MBS and the 10 yr is in the green, still below supprot...."
	MBS Live Chat - 2:09PM "yeah, this isn't a freak-out situation at the moment. Some reprice risk, so act accordingly if you need to, but not catastrophic..."
	MBS Live Chat - 2:09PM "we'll probably get another sharp-ish bounce back up in MBS as long as Treasuries are hanging out near 2.64..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.21%

-0.03

15 Yr FRM

3.34%

-0.03

FHA 30 Year Fixed

3.76%

-0.04

Jumbo 30 Year Fixed

4.03%

-0.04

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

98-02

+0-16

30YR FNMA 3.5

102-06

+0-16

30YR GNMA 3.0

100-06

+0-09

30YR GNMA 3.5

103-11

+0-07

15YR FNMA 3.0

103-12

+0-10

15YR FNMA 2.5

100-31

+0-11

Treasuries

Yield

Change

2 YR

0.4516%

-0.0321

5 YR

1.6767%

-0.0764

10 YR

2.5916%

-0.0616

30 YR

3.4067%

-0.0354

Prices as of: 6/18/2014 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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