Daily Newsletter: Wednesday June 4, 2014

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30 Year Fixed

                                                                4.23%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.33%
                                                                  
                                                                +0.02

10YR Treasury

                                                                2.60%
                                                                  
                                                                +0.0072

FNMA 30YR 3.5

                                                                102-07
                                                                  
                                                                +0-02

FNMA 15YR 2.5

                                                                103-22
                                                                  
                                                                +0-04

View Today's Rates

Wednesday June 4, 2014

Mortgage Rate Watch - 3:39PM

Mortgage Rates Higher Still; Big Day Ahead

Mortgage rates were higher yet again today. This time around, the move wasn't quite as brisk as the past few days. In fact, morning rate sheets were slightly stronger than yesterday ...

MND NewsWire - 1:38PM

Sobering Survey Highlights Housing Crisis Shell-Shock

The American view of the financial importance of homeownership and awareness of the sacrifices it can entail appear to be shifting according to results of a recent survey released by ...

MND NewsWire - 8:55AM

Mortgage Applications Slightly Lower; Possible Holiday Effects

Mortgage application activity retreated again during the holiday-shortened week ended May 30. The Mortgage Bankers Association (MBA) said that mortgage applications as measured by its ...

MBS Commentary - 7:31AM

MBS Day Ahead: Revisiting the Great NFP vs ADP Debate

Today brings the release of the ADP Employment Report. At times, this data has been maligned as the a horrible predictor of the official number from the Bureau of Labor Statistics ...

Latest Video

Santelli Exchange: ECB anything but normal

CEO zeroes in on fate of housing sector

Will interest rates rise?

More News from 'Around the Web'

Washington Post - 4:38PM
Wonkblog: Voters in one of America's most expensive cities just came up with another way to block new housing
DataQuick - 3:02PM
April Phoenix Region Home Sale Press Release
CNBC - 1:18PM
Cashless society? Not so fast
CNBC - 1:17PM
Why the U.S. economy will disappoint
info.trulia.com - 1:16PM
Almost Half of Millennial Home Buyers Plan to Ask Parents for Down Payment
Bloomberg - 10:38AM
Citigroup Wins Order Reviving $285 Million SEC Accord - Bloomberg
American Bankers Assoc. - 10:37AM
Rent or Buy? 5 Questions Consumers Should Ask First
CNBC - 10:34AM
Lennar: Housing still 30% below normal:
Reuters - 9:08AM
U.S. private sector adds 179,000 jobs in May: ADP
www.gallup.com - 9:07AM
U.S. Job Creation Index Hits New High
Reuters - 9:01AM
U.S. trade deficit widens to two-year high in April
WSJ - 8:59AM
Stimulus Exit Needs Careful Coordination, World Bank Official Says
CNBC - 8:44AM
Fed's Fisher wants October end to QE3
CNBC - 8:37AM
Lowest rates in a year do nothing for mortgages
CNBC - 8:37AM
Here's where house prices are rising the fastest

Today's Comments

	MBS Live Chat - 3:07PM "Apparently expectations for ECB easing are fading...."
	MBS Live Chat - 3:08PM "quote from MG "The biggest risk is that markets may have 'priced in' some amount of ECB easing this Thursday. In that case, even if the ECB lowers rates and announces asset purchases, it still might not be viewed as a net-positive for bond markets at current levels."..."
	MBS Live Chat - 3:10PM "this is all positioning; this is a telegraphed move by market...."
	MBS Live Chat - 3:12PM "I don't think we necessarily need to decide what it is. There's volatility ahead of major data. We're technically right on the edge of the year's main range and the subsequent "lead-off" range. I think that's a reasonable place to be, even if it's the less pleasant side of that lead-off range from a..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.23%

+0.03

15 Yr FRM

3.33%

+0.02

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.03%

+0.02

5/1 Yr ARM

3.23%

-0.02

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

4.12%

0.60

-0.02

15 Yr. Fixed

3.21%

0.50

-0.04

1 Yr. ARM

2.41%

0.40

-0.02

5/1 Yr. ARM

2.96%

0.30

+0.00

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

102-07

+0-02

30YR GNMA 3.0

99-27

+0-01

30YR GNMA 3.5

103-08

+0-01

15YR FNMA 3.0

103-22

+0-04

15YR FNMA 2.5

101-03

+0-01

Treasuries

Yield

Change

2 YR

0.3987%

-0.0039

5 YR

1.6425%

+0.0001

10 YR

2.6039%

+0.0072

30 YR

3.4421%

+0.0033

Prices as of: 6/4/2014 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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