Daily Newsletter: Wednesday June 5, 2013

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30 Year Fixed

                                                                4.04%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.17%
                                                                  
                                                                +0.01

10YR Treasury

                                                                2.09%
                                                                  
                                                                -0.0570

FNMA 30YR 3.5

                                                                103-06
                                                                  
                                                                +0-05

FNMA 15YR 2.5

                                                                103-24
                                                                  
                                                                -0-02

View Today's Rates

Wednesday June 5, 2013

MND NewsWire - 2:56PM

Over 500k Registered MLOs Under Expanded NMLS Criteria

The fifth annual report of the State Regulatory Registry (SRR) shows substantial growth in its National Mortgage Licensing System ( NMLS ) as that system was expanded to allow state ...

MND NewsWire - 12:24PM

FHA Accused of Covering up Bigger Potential Losses

Representative Darrell Issa (R-CA) is said to have accused the Federal Housing Administration (FHA) of attempting to bury a $115 bln shortfall in its mortgage insurance fund (MIF). ...

MND NewsWire - 3:12PM

Homebuilders Court Congress on Housing Issues

More than 750 builders are in Washington today, attending the National Association of Home Builders ( NAHB ) annual Legislative Conference. Over 300 separate meetings were to be held ...

Mortgage Rate Watch - 4:18PM

Mortgage Rates Begin Consolidation Ahead of Jobs Data

Mortgage rates were mixed today , with different parts of the interest rate spectrum moving in different directions. In other words, for borrowers buying their rate down below 4%, closing ...

Latest Video

Will Housing Crack the Market?

Lennar CEO on Housing Recovery

Santelli: The Trouble With Artificially Low Rates

More News from 'Around the Web'

CNBC - 2:24PM
Fed's Beige Book: Early Indications That Sequester Is Hitting Economy
Washington Post - 2:25PM
New FHA premium rules mean higher monthly payments for homeowners
Reuters - 1:31PM
Wells Fargo buying more bonds as rates rise
NAHB - 1:24PM
More Than 750 Builders Discuss Housing Issues in Hill Visits
Fannie Mae - 11:45AM
News Release | Fannie Mae Takes Additional Steps to ...
CNBC - 11:45AM
Higher Rates Won't Stop Housing Recovery: Lennar
www.lpsvcs.com - 10:24AM
Lender Processing Services Integrates the LPS Loan Quality Gateway With Global DMS' Valuation Management Solution
Bloomberg - 10:21AM
Treasury Trading Jumped to Six-Year High in May at ICAP - Bloomberg
www.aei.org - 10:20AM
Undisclosed stress test shows FHA could lose $115 billion
The Atlantic - 12:21PM
Will the McMansion Ever Die?

Today's Comments

	MND NewsWire - 3:38PM "Debt collectors (and 37 others!) listed under NMLS??? "13 state agencies were using NMLS to license a total of 37 non-mortgage license types including money services, debt collection, and consumer finance". Seems rather inappropriate, not exactly sure what the point of lumping them together under NMLS..."
	MND NewsWire - 4:01PM "No point, just an infrastructure problem worthy of a tiny foot-note in the report: "Although these figures include the non-mortgage, state- licensed entities in NMLS, at this time the only individually held license managed in the System is the mortgage loan originator license."..."
	MBS Live Chat - 12:41PM "anyone here using STONEGATE as a correspondant investor?..."
	MBS Live Chat - 12:42PM "i do, pretty decent pricing..."
	MBS Live Chat - 12:42PM "especially on fha..."
	MBS Live Chat - 1:08PM "REPRICE : 1:08 PM - Caliber Funding Better..."
	MBS Live Chat - 1:32PM "REPRICE : 1:32 PM - Kinecta Better..."
	MBS Live Chat - 1:32PM "REPRICE : 1:32 PM - USBank Better..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.04%

+0.00

15 Yr FRM

3.17%

+0.01

FHA 30 Year Fixed

3.56%

-0.01

Jumbo 30 Year Fixed

4.24%

+0.02

5/1 Yr ARM

2.90%

+0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.03%

0.84

+0.07

30 Yr. Fixed

3.77%

1.20

+0.03

MBA **

30 Yr. Fixed

3.90%

0.39

+0.12

15 Yr. Fixed

3.10%

0.30

+0.14

30 Yr. Jumbo

4.07%

0.27

+0.14

30 Yr. FHA

3.62%

0.27

+0.09

5/1 ARM

2.60%

0.24

+0.00

Freddie Mac **

30 Yr. Fixed

3.81%

0.80

+0.22

15 Yr. Fixed

2.98%

0.70

+0.21

1 Yr. ARM

2.54%

0.50

-0.01

5/1 Yr. ARM

2.66%

0.50

+0.03

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

100-13

+0-09

30YR FNMA 3.5

103-06

+0-05

30YR GNMA 3.0

101-27

+0-08

30YR GNMA 3.5

104-24

+0-03

15YR FNMA 3.0

103-24

-0-02

15YR FNMA 2.5

101-27

+0-03

Treasuries

Yield

Change

2 YR

0.2895%

-0.0118

5 YR

1.0210%

-0.0338

10 YR

2.0892%

-0.0570

30 YR

3.2455%

-0.0589

Prices as of: 6/5/2013 4:32PM 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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