Daily Newsletter: Tuesday August 11, 2015

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30 Year Fixed

                                                                3.95%
                                                                  
                                                                -0.05

15 Year Fixed

                                                                3.21%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.14%
                                                                  
                                                                -0.0914

FNMA 30YR 3.5

                                                                104-00
                                                                  
                                                                +0-14

FNMA 15YR 2.5

                                                                103-26
                                                                  
                                                                +0-09

View Today's Rates

Tuesday August 11, 2015

Mortgage Rate Watch - 6:14PM

Mortgage Rates Back Into High 3's After China's Policy Change

Mortgage rates dropped quickly today, bringing many lenders back to quoting conventional 30yr fixed rates of 3.875% for top tier scenarios. The motivation came from China. What's up ...

MND NewsWire - 3:44PM

Employment, Home Price Gains Improving Foreclosure Picture

Completed foreclosures in June were down 63.3 percent from the peak reached in September 2010. That month, just before the robo-signing scandal forced a temporary moratorium on foreclosures ...

MND NewsWire - 3:40PM

Sparse Listings Continue to Drive Home Prices

There was an uptick in national existing home sales in the second quarter of 2015 of 6.6 percent the National Association of Realtors® (NAR) said on Tuesday. The increase in sales ...

Pipeline Press - 11:25AM

HUD Settles with Two Lenders; Trends in Home Buying; Ginnie News

Is it really easier to get a mortgage these days? Well... After mortgage backers Fannie Mae and Freddie Mac clarified their credit qualification standards last fall to encourage lenders ...

Latest Video

Closing Bell Exchange: Fed interest rate bargain

China throws currency curveball

Treasury yields hit key technical level

More News from 'Around the Web'

Bloomberg - 4:27PM
Only One in 10 San Franciscans Can Afford to Buy a House
CNBC - 2:40PM
'More damaging than Great Recession'
CNBC - 2:13PM
Insana: Is a Sept hike less likely now?
CNBC - 2:13PM
Don't be distracted by China: Goldman's Kostin
CNBC - 2:11PM
10-year yield falls 11 basis points
WSJ - 12:32PM
Home Prices Soar in Some Metro Areas
rss.nytimes.com - 11:16AM
Economic Trends: Why Did China Devalue Its Currency? Two Big Reasons
Reuters - 9:17AM
U.S. productivity rebounds, but trend remains weak
CNBC - 9:17AM
Is crude oil driving inflation expectations?
CNBC - 8:56AM
US Treasury yields sink after China currency move

Today's Comments

	MBS Commentary - 1:33PM "This is awesome. Maybe he's just trying a different approach to his 'there is not housing bubble comment' back in June 2005. But then again--he gave himself an out back then: "Regulators who are required to forecast have had a woeful record of chronic failure. History tells us they cannot identify the..."
	MBS Commentary - 1:14PM "Perfect!..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.95%

-0.05

15 Yr FRM

3.21%

-0.03

FHA 30 Year Fixed

3.65%

-0.10

Jumbo 30 Year Fixed

3.74%

-0.05

5/1 Yr ARM

2.98%

-0.03

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.26%

1.25

-0.06

30 Yr. Fixed

3.90%

1.28

-0.03

MBA **

30 Yr. Fixed

4.23%

0.34

+0.00

15 Yr. Fixed

3.43%

0.34

+0.00

30 Yr. Jumbo

4.16%

0.33

-0.04

30 Yr. FHA

4.00%

0.17

-0.02

5/1 ARM

3.08%

0.41

-0.05

Freddie Mac **

30 Yr. Fixed

3.91%

0.60

-0.07

15 Yr. Fixed

3.13%

0.60

-0.04

1 Yr. ARM

2.54%

0.30

+0.02

5/1 Yr. ARM

2.95%

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

100-28

+0-17

30YR FNMA 3.5

104-00

+0-14

30YR GNMA 3.0

101-26

+0-15

30YR GNMA 3.5

104-15

+0-10

15YR FNMA 3.0

103-26

+0-09

15YR FNMA 2.5

101-17

+0-10

Treasuries

Yield

Change

2 YR

0.6771%

-0.0519

5 YR

1.5250%

-0.0901

10 YR

2.1409%

-0.0914

30 YR

2.8092%

-0.0891

Prices as of: 8/11/2015 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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