Daily Newsletter: Thursday June 26, 2014

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30 Year Fixed

                                                                4.12%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                3.27%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.53%
                                                                  
                                                                -0.0288

FNMA 30YR 3.5

                                                                102-25
                                                                  
                                                                +0-07

FNMA 15YR 2.5

                                                                103-25
                                                                  
                                                                +0-04

View Today's Rates

Thursday June 26, 2014

Mortgage Rate Watch - 4:52PM

Mortgage Rates at Month's Lows for 2nd Day

Mortgage rates moved just slightly lower on average, though some lenders were unchanged or higher. The most prevalently quoted conforming 30yr fixed rate for best-case scenarios ( best ...

MND NewsWire - 12:31PM

Banks' Efforts to Turn Profits are Risky -OCC

The Office of Comptroller of the Currency's (OCC) National Risk Committee (NRC) pronounced the financial position of federally chartered institutions " improved " last year in its Semiannual ...

MBS Commentary - 12:10PM

MBS MID-DAY: Bonds Were Ready to Rally; Data Didn't Object

As we discussed in The Day Ahead , bond markets were sending signals that they were embarking on a trend of improvement. The caveat was that those signals were so obvious that we could ...

Pipeline Press - 11:15AM

New Century, Carrington, & RFC Legal News; MI Master Policy News; FHA's LEAP Difficulties

The ABA reports community banks now spend about 15% of revenue on compliance to meet regulatory requirements. True, the cost of doing business for a regulated business does not drive ...

Latest Video

Millennials 'key' to housing recovery: Study

Santelli: 20-year 'deflater'

Closing Bell Exchange: Fed talk

More News from 'Around the Web'

www.treasury.gov - 5:25PM
Five Questions with Dr. Michael Stegman on the Private Label Securities Mortgage Market
Reuters - 5:17PM
Obama administration unveils plan to expand affordable housing
WSJ - 4:17PM
As Home Sales Remain Restrained, Big Builder Eyes Home-Rental Market
CNBC - 3:06PM
What babies tell us about housing
Bloomberg - 2:02PM
Treasury Begins Push to Revive U.S. Mortgage-Bond Market
rss.nytimes.com - 11:23AM
By Numbers: Where Are the Hardest Places to Live in the U.S.?
WSJ - 11:23AM
Fed's Bullard Not Worried by GDP Drop
Google News - 11:22AM
Linking housing and health for seniors: An important step forward
Bloomberg - 11:22AM
Lennar Revenue Beats Analyst Estimates as Company Raises Prices - Bloomberg
WSJ - 10:25AM
U.S. Manufacturing Importing As Many Jobs As It Exports, Says Group
freddiemac.mwnewsroom.com - 10:25AM
Fixed Mortgage Rates Lower Than Same Time Last Year
OCC - 10:14AM
Mortgage Performance Improvement Continues, OCC Reports
WSJ - 10:03AM
Fed's Lacker: Much Labor Market Slack Remains Due to Structural Issues
Reuters - 9:02AM
U.S. consumer spending misses expectations on weak services
Reuters - 9:02AM
U.S. jobless claims fall marginally last week
CNBC - 8:29AM
Barclays pulls bond offering
Bloomberg - 8:29AM
European Bond Yields at Record Low Creates Dilemma for Investors - Bloomberg
Bloomberg - 8:24AM
Fed Neutralized in Mortgage Bonds on Supply Slump - Bloomberg
CNBC - 8:23AM
Fed could trigger next crisis: Stephen Roach

Today's Comments

	MND NewsWire - 6:30PM "Borrowers who are HARP eligible but haven't refinanced in the past 3 years, despite record low rates, likely had a reason. Could be DTI issues, could be credit. Sure many could still benefit, but I don't personally see folks who passed on last year's record low rates marching into the office now that..."
	MND NewsWire - 1:59AM "I have a client "in-the-money", however, FNMA imposed a lava zone restriction through announcement 09-19, and now the subject property is ineligible...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.12%

-0.01

15 Yr FRM

3.27%

-0.02

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.96%

-0.01

5/1 Yr ARM

3.23%

+0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.66%

1.16

-0.01

30 Yr. Fixed

4.53%

1.31

+0.02

MBA **

30 Yr. Fixed

4.33%

0.18

-0.03

15 Yr. Fixed

3.47%

0.19

-0.03

30 Yr. Jumbo

4.28%

0.12

-0.04

30 Yr. FHA

4.03%

-0.38

-0.04

5/1 ARM

3.23%

0.27

+0.03

Freddie Mac **

30 Yr. Fixed

4.14%

0.50

-0.03

15 Yr. Fixed

3.22%

0.50

-0.08

1 Yr. ARM

2.40%

0.40

-0.01

5/1 Yr. ARM

2.98%

0.30

-0.02

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

98-21

+0-07

30YR FNMA 3.5

102-25

+0-07

30YR GNMA 3.0

100-18

+0-09

30YR GNMA 3.5

103-25

+0-07

15YR FNMA 3.0

103-25

+0-04

15YR FNMA 2.5

101-16

+0-07

Treasuries

Yield

Change

2 YR

0.4686%

-0.0157

5 YR

1.6511%

-0.0029

10 YR

2.5322%

-0.0288

30 YR

3.3574%

-0.0258

Prices as of: 6/26/2014 4:31PM 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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