Daily Newsletter: Thursday June 13, 2013

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30 Year Fixed

                                                                4.01%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.20%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.14%
                                                                  
                                                                -0.0881

FNMA 30YR 3.5

                                                                103-15
                                                                  
                                                                +0-20

FNMA 15YR 2.5

                                                                103-28
                                                                  
                                                                +0-11

View Today's Rates

Thursday June 13, 2013

MND NewsWire - 11:20AM

Foreclosures Rise From 75-Month Low, Quickly in Some States

RealtyTrac reported today that an increase in bank repossessions in May boosted foreclosure activity by 2 percent compared to April when foreclosure activity had reached a 75-month ...

MND NewsWire - 5:05PM

Fannie Sees Slow Growth Through End of Decade

Fannie Mae's Economic Outlook series continued its 2013 theme "Transition to 'Normal?'" in its June edition saying that four years into an expansion it appears the country may be well ...

Mortgage Rate Watch - 6:47PM

Mortgage Rates Lowest in More Than a Week

Mortgage rates moved decidedly lower in most cases, bringing them to their lows of the week on average. The bond markets that drive rate changes showed solid determination in spite ...

Pipeline Press - 10:27AM

Mini Correspondent - The New Paradigm? Agency & Investor Updates

Are you looking forward to a day off tomorrow? Me neither - the commentary never sleeps - but agencies like HUD and the IRS do. These, and other agencies, have 4 remaining furlough ...

Latest Video

Banks In Repo Mode

Mortgage Interest Deduction & Home Prices

El-Erian on the Global Selloff

More News from 'Around the Web'

The Basis Point - 6:39PM
Jumbo Rates Lower Than Conforming Rates
www.nytimes.com - 6:38PM
Mortgages: Home Loans for Millennials
www.aei.org - 5:06PM
Ed Pinto on the Fannie Mae and Freddie Mac Lawsuit
blogs.wsj.com - 4:10PM
Fed Likely to Push Back on Market Expectations of Rate Increase
DataQuick - 2:19PM
DataQuick: May Bay Area Home Sales Report
CNBC - 1:53PM
What Japan Can Teach the Fed About QE Addiction
WSJ - 12:25PM
Does ECB Stand for European Conservative Bank?
www.cfpbmonitor.com - 12:11PM
Legal aid group files FOIA appeal with CFPB seeking release of mortgage complaint narratives
House Financial Services - 12:01PM
The Bigger Picture: Housing Subsidies and National Economies
Reuters - 11:00AM
Bernanke to deliver semi-annual testimony to Congress July 17-18
CNBC - 10:59AM
What's a Mogul to Do? Towns With Mansion Shortages
CFPB - 10:58AM
Launch of new mortgage rule implementation page
content.govdelivery.com - 10:25AM
FDIC Statement on Lessons Learned from the Financial Crisis Regarding Community Banks
OCC - 10:25AM
OCC Publishes "A Common Sense Approach to Community Banking"
freddiemac.mwnewsroom.com - 10:25AM
Freddie Mac: Mortgage Rates on Six Week Streak Higher
FHFA - 10:24AM
FHFA Releases Fifth Annual Report to Congress
Market Watch - 7:12AM
Mortgage-backed securities back in style?
Fannie Mae - 7:02AM
Fannie Mae: 2013 Mid-Year Outlook: Economic Growth On the Road to 'Normal'
Bloomberg - 6:53AM
Foreclosures Jump as Banks Bet on Rising U.S. Home Prices
CNBC - 6:48AM
Home Repossessions on the Rise

Today's Comments

	MBS Live Chat - 1:33PM "the bank should be paying the listing agent...."
	MBS Live Chat - 1:35PM "Paid out of buyer's own verified funds not with loan proceeds should not be of any concern to the underwriter if remaining reserves are acceptable. Who pays who is of no concern...."
	MBS Live Chat - 2:02PM "so why is this happening (other than my green tie)?..."
	MBS Live Chat - 2:02PM "We're through supply...."
	MBS Live Chat - 2:05PM "Considering retail sales, weekly UE, lackluster 10 and 30 year auctions, and today's equity rally, I'm very happy with this afternoon...."
	MBS Live Chat - 2:06PM "REPRICE : 2:06 PM - Flagstar Better..."
	MBS Live Chat - 2:06PM "AP, on auction days, I like to devote one pane in Eikon screen to whatever the WI coupon of the day might be, today's 30's really tell a story of consolidation ahead of next week's FOMC, which is the general story elsewhere. http://screencast.com/t/PAudAQfGT..."
	MBS Live Chat - 2:07PM "REPRICE : 2:07 PM - NYCB Better..."
	MBS Live Chat - 2:14PM "REPRICE : 2:14 PM - Provident Funding Better..."
	MBS Live Chat - 2:20PM "REPRICE : 2:20 PM - Everbank Better..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.01%

-0.04

15 Yr FRM

3.20%

-0.03

FHA 30 Year Fixed

3.65%

-0.02

Jumbo 30 Year Fixed

4.26%

-0.04

5/1 Yr ARM

2.93%

+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

3.98%

0.70

+0.07

15 Yr. Fixed

3.10%

0.70

+0.07

1 Yr. ARM

2.58%

0.40

+0.00

5/1 Yr. ARM

2.79%

0.60

+0.05

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

100-15

+0-22

30YR FNMA 3.5

103-15

+0-20

30YR GNMA 3.0

101-31

+0-23

30YR GNMA 3.5

104-28

+0-19

15YR FNMA 3.0

103-28

+0-11

15YR FNMA 2.5

102-01

+0-17

Treasuries

Yield

Change

2 YR

0.2900%

-0.0358

5 YR

1.0502%

-0.0910

10 YR

2.1417%

-0.0881

30 YR

3.3063%

-0.0688

Prices as of: 6/13/2013 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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