Daily Newsletter: Wednesday July 9, 2014

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30 Year Fixed

                                                                4.18%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.32%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.56%
                                                                  
                                                                -0.0036

FNMA 30YR 3.5

                                                                102-13
                                                                  
                                                                +0-02

FNMA 15YR 2.5

                                                                103-17
                                                                  
                                                                +0-01

View Today's Rates

Wednesday July 9, 2014

MND NewsWire - 1:12PM

Buyers and Sellers Not on Same Page With Housing Market Reality

A recent survey by Redfin, the Seattle-based real estate company, found some substantial disconnects among buyers, sellers, and market reality. They are, the company said, not on the ...

MND NewsWire - 10:26AM

Mortgage Apps Bounce Back Despite Slightly Higher Rates

The Mortgage Bankers Association reported this morning that its Market Composite Index, which measures the volume of mortgage applications, increased 1.9 percent on a seasonally adjusted ...

MBS Commentary - 5:16PM

MBS RECAP: Bond Markets Rally on Hidden Gem in FOMC Minutes

While the overnight session was slightly weaker and the 10yr auction made things that much worse, the day's main event was undoubtedly the FOMC Minutes. There are two ways to look at ...

Mortgage Rate Watch - 5:38PM

Mortgage Rates Scratch Out Modest Gains After Fed Minutes

Mortgage rates improved again today , but it wasn't exactly a straight line to success. In fact, the underlying bond markets that directly impact lenders' rates began weakening yesterday ...

Latest Video

When will Fed raise rates?

QE likely to end October: Fed minutes

Fed never sees risk: Pro

More News from 'Around the Web'

The Atlantic - 4:28PM
The Invisible Economy
CNBC - 4:28PM
Americans living the dream, not loving it
Reuters - 3:41PM
Fed advances discussion on exit strategy: FOMC minutes
CNBC - 3:40PM
Fed minutes: QE likely to end in October
Bloomberg - 3:28PM
Treasuries Erase Losses as Fed Caution Outweighs Stimulus Exit - Bloomberg
Market Watch - 1:18PM
Treasurys extend fall after weak 10-year note auction
NAFCU - 1:15PM
Senate confirms Castro to HUD
blog.redfin.com - 10:31AM
Redfin Agents Report Disconnect Between Buyers and Sellers
WSJ - 10:28AM
House Republicans Want Fed to Adopt Policy-Making Rules
WSJ - 10:27AM
Foreclosure Inventories Set New High in Florida, But No New Wave Seen
Bloomberg - 8:41AM
Wells Fargo Profit Streak Seen No Match for Revenue Skid - Bloomberg
Market Watch - 8:40AM
Foreign home buyers flock to U.S.
Reuters - 8:40AM
Mortgage applications rose in latest week: MBA
CNBC - 8:38AM
Citi nears $4B deal to settle mortgage probe: DJ
CNBC - 8:37AM
US Treasurys slip ahead of FOMC minutes

Today's Comments

	MBS Live Chat - 2:00PM "RTRS - FEDERAL RESERVE OFFICIALS GENERALLY AGREE DUAL USE OF INTEREST ON EXCESS RESERVES (IOER), REVERSE REPO FACILITY IN NORMALIZING POLICY – FOMC MINUTES..."
	MBS Live Chat - 2:00PM "RTRS - FOMC MAY END BOND BUYING PROGRAM FOLLOWING OCTOBER MEETING IF CERTAIN ECONOMIC CONDITIONS REMAIN POSITIVE - MINUTES..."
	MBS Live Chat - 2:01PM "RTRS - MANY PARTICIPANTS WANT TO END PORTFOLIO REINVESTMENTS AT OR AFTER FIRST RATE RISE – MINUTES..."
	MBS Live Chat - 2:20PM "Fed is just stating more of the obvious keeping the message consistent. The risk of course is complacency and an unexpected event causing a change in course. Markets would love that...."
	MBS Live Chat - 3:06PM "What is the threshold bonds need to break to see a positive reprice..."
	MBS Live Chat - 3:07PM "figure a rate sheet baseline of 102-05. So 102-13 is a quarter point better. Seems like solid positive reprice potential territory. Lenders will vary in how long they'd like to see it hold...."
	MBS Live Chat - 3:07PM "we're up as much as 8-10 /32 since pricing came out, reprices should be imminent...."
	MND NewsWire - 5:59PM "As an attorney who works in this field, I can tell you it's going to be a very long time before this mess is completely sorted through. The rise in housing prices last year was just a market correction because they had dropped too low. Now that this is stabilized, it's going to be years before the 9..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.18%

-0.02

15 Yr FRM

3.32%

-0.02

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.02%

-0.02

5/1 Yr ARM

3.22%

+0.00

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.56%

1.13

-0.10

30 Yr. Fixed

4.37%

1.39

-0.16

MBA **

30 Yr. Fixed

4.32%

0.16

+0.04

15 Yr. Fixed

3.40%

0.22

-0.02

30 Yr. Jumbo

4.24%

0.16

-0.02

30 Yr. FHA

4.02%

-0.03

+0.03

5/1 ARM

3.40%

0.22

-0.02

Freddie Mac **

30 Yr. Fixed

4.12%

0.50

-0.02

15 Yr. Fixed

3.22%

0.50

+0.00

1 Yr. ARM

2.38%

0.40

-0.02

5/1 Yr. ARM

2.98%

0.40

+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

98-13

+0-03

30YR FNMA 3.5

102-13

+0-02

30YR GNMA 3.0

100-10

-0-01

30YR GNMA 3.5

103-12

0-00

15YR FNMA 3.0

103-17

+0-01

15YR FNMA 2.5

101-08

+0-04

Treasuries

Yield

Change

2 YR

0.4840%

-0.0239

5 YR

1.6759%

-0.0181

10 YR

2.5576%

-0.0036

30 YR

3.3798%

+0.0016

Prices as of: 7/9/2014 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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