Daily Newsletter: Wednesday August 19, 2015

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30 Year Fixed

                                                                3.96%
                                                                  
                                                                -0.05

15 Year Fixed

                                                                3.21%
                                                                  
                                                                -0.04

10YR Treasury

                                                                2.13%
                                                                  
                                                                -0.0687

FNMA 30YR 3.5

                                                                103-26
                                                                  
                                                                +0-12

FNMA 15YR 2.5

                                                                103-25
                                                                  
                                                                +0-08

View Today's Rates

Wednesday August 19, 2015

Mortgage Rate Watch - 7:40PM

Mortgage Rates Near Recent Lows After Fed Minutes

Mortgage rates dropped today --largely in response to the release of the Minutes from the most recent Fed meeting. The Minutes don't convey any policy decisions (i.e. no rate changes ...

MND NewsWire - 7:58PM

Ellie Mae says Loan Closing Rate Highest in Four Years

Ellie Mae said this week that the closing rate for purchase mortgages reached 70.7 percent in July up from 69.0 in June. This is the highest rate since the company started tracking ...

MBS Commentary - 7:37PM

MBS RECAP: Bonds Surge After Surprisingly Friendly FOMC Minutes

I'm not going to launch into a detailed assessment of every passage in today's FOMC Minutes. Instead, I'm going to talk about how the Fed has been making me feel, and how today's FOMC ...

Pipeline Press - 9:10AM

Agency Updates; HELOC Interest Among Borrowers

Yesterday the commentary noted how jumbo lending was alive and well, at least for depository banks. Zillow recently analyzed what areas would be more likely to require a jumbo mortgage ...

Latest Video

Fed will still move in September: David Kelly

Fed July meeting minutes

10-year headed back under 2%: Mark Grant

More News from 'Around the Web'

Reuters - 5:27PM
Bank of NY Mellon sued by FDIC over $2 billion in soured mortgages
freddiemac.mwnewsroom.com - 5:26PM
Update - Freddie Mac Prices $1.2 Billion Multifamily K-Deal Backed by Seasoned Loans
Federal Reserve - 2:58PM
Minutes of the Federal Open Market Committee, July 28-29, 2015
Market Watch - 2:58PM
The Fed: Fed majority says time for rate hike approaching,' minutes show
Reuters - 2:57PM
U.S. housing regulator targets more support for poor borrowers
CNBC - 2:57PM
Chair Yellen, please take a victory lap!
www.builderonline.com - 12:23PM
Condo Nation? Housing Recovery Fueled by Renters
CNBC - 12:22PM
Did Fed get red light for rate hike?
www.realtor.com - 12:22PM
Size of New Homes in U.S. Shrinks by One Closet
CNBC - 10:40AM
Rate hike, shmate hike. Bull won't stop: Ed Yardeni
CNBC - 10:40AM
Wal-Mart: One reason the Fed should not hike rates
CNBC - 8:41AM
US consumer prices up; shelter costs up solidly
CNBC - 8:40AM
Refinancing pushes mortgage applications up 3.6%
Reuters - 8:40AM
Home improvement chain Lowe's sales rise 4.5 percent
www.realtor.com - 8:40AM
As the Season Changes, Opportunity Arises for First-Time Buyers
The Atlantic - 8:39AM
The Uneven Success of America's Housing Policy
CNBC - 8:38AM
Fed won't signal hike: Strategist
www.npr.org - 1:40AM
Ever Since The Great Recession, Zombie Houses Have Haunted New Jersey

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.96%

-0.05

15 Yr FRM

3.21%

-0.04

FHA 30 Year Fixed

3.65%

-0.05

Jumbo 30 Year Fixed

3.75%

-0.05

5/1 Yr ARM

2.97%

-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

4.13%

0.31

+0.00

15 Yr. Fixed

3.39%

0.38

+0.03

30 Yr. Jumbo

4.08%

0.34

+0.00

30 Yr. FHA

3.94%

0.22

-0.02

5/1 ARM

3.11%

0.32

+0.09

Freddie Mac **

30 Yr. Fixed

3.94%

0.60

+0.03

15 Yr. Fixed

3.17%

0.60

+0.04

1 Yr. ARM

2.62%

0.30

+0.08

5/1 Yr. ARM

2.93%

0.50

-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

100-23

+0-15

30YR FNMA 3.5

103-26

+0-12

30YR GNMA 3.0

101-17

+0-06

30YR GNMA 3.5

104-06

+0-05

15YR FNMA 3.0

103-25

+0-08

15YR FNMA 2.5

101-17

+0-11

Treasuries

Yield

Change

2 YR

0.6614%

-0.0607

5 YR

1.5016%

-0.0805

10 YR

2.1274%

-0.0687

30 YR

2.8115%

-0.0479

Prices as of: 8/19/2015 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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