Daily Newsletter: Thursday June 20, 2013

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30 Year Fixed

                                                                4.14%
                                                                  
                                                                +0.12

15 Year Fixed

                                                                3.36%
                                                                  
                                                                +0.12

10YR Treasury

                                                                2.34%
                                                                  
                                                                +0.1490

FNMA 30YR 3.5

                                                                102-09
                                                                  
                                                                -1-00

FNMA 15YR 2.5

                                                                103-16
                                                                  
                                                                -0-17

View Today's Rates

Thursday June 20, 2013

Mortgage Rate Watch - 11:34PM

Mortgage Rates Annihilated; Brief History of All-Time Lows

Mortgage rates have seen better days . If the past 2 months of calamitous volatility and almost daily cost hikes weren't enough, today brings the Conventional 30yr Fixed best-execution ...

MBS Commentary - 3:45PM

MBS SPECIAL ALERT: Bernanke Confirms Stabled Stallion

On June 5th, before the most recent ADP report, and with an eye toward NFP on the upcoming Friday, I laid out the reasons that we should not expect the Fed to care about the mortgage ...

MND NewsWire - 8:58AM

Mortgage Applications Continue Tumbling as Rates Rise

The rebound in mortgage application volume reported by the Mortgage Banker's Association (MBA) last week was short lived as both refinancing and purchase activity retreated again during ...

MND NewsWire - 11:48AM

Servicers Struggling with National Mortgage Settlement Compliance Monitor Says

The Monitor of the National Mortgage Settlement submitted separate reports today to the U.S. District Court for the District of Columbia detailing the compliance efforts of each of ...

Latest Video

Biggest Day of the Year For Treasuries?

Santelli To Hilsenrath: Why Do We Still Need QE?

Hilsenrath: Fed Brightens Recovery View

More News from 'Around the Web'

WSJ - 6:16PM
Lone Dissenter No More: Fed Officials Have Divergent Objections
www.cfpbmonitor.com - 6:11PM
House holds another hearing on CFPB ability to repay/QM rule
webfeeds.brookings.edu - 6:10PM
Financial Market Confusion and Pessimism Do Not Mean The Fed Is Wrong on Monetary Policy
Bloomberg - 6:09PM
Markets Got Bernanke's Message - Bloomberg
Federal Reserve - 6:04PM
Federal Reserve Board and Federal Open Market Committee release economic projections from the June 18-19 FOMC meeting
NAHB - 6:03PM
Builders and Lumber Dealers See Shortages of Key Building Materials
www.treasury.gov - 6:02PM
Treasury Reaches Another TARP Milestone
CNBC - 1:10PM
Twitter Reacts to Rick Santelli's Fed Rant
CNBC - 1:09PM
Watch the Fed's Economic Forecast for 'Taper' Clues
WSJ - 11:19AM
Fed Press Conferences, by the Numbers
Washington Post - 11:18AM
Return of Drunk Bernanke: What the Fed chairman might want to say, but probably won't
CNBC - 11:17AM
Fed Will Tell Market to Chill: Pimco Strategist
blog.hud.gov - 11:14AM
Housing Counseling Works!
S&P/Case Shiller - 9:48AM
Stronger Prices Lift U.S. Homebuilders, But Better Job And Income Growth Is Needed For Long-Term Recovery
WSJ - 9:47AM
What to Expect From Fed Today
Realtor.Org - 9:43AM
MLSs See Gains in Efforts to Protect Data
Bloomberg - 9:43AM
Lennar Acquires 813 Homebuilding Lots in San Antonio Area - Bloomberg
WSJ - 8:35AM
In San Diego, Politics and Real Estate Mix
www.corelogic.com - 8:35AM
CoreLogic Releases June MarketPulse Report
Bloomberg - 8:33AM
Dallas Home Prices Do Best Since Bubble: Riskless Return - Bloomberg

Today's Comments

	MND NewsWire - 10:00AM "It is not just a matter of whether the housing is affordable. It is a question of what that does to the price appreciation. A family that can afford only a certain amount for their payment, will see their potential purchase price drop by about 25k for each 1% rise in rates. The rebound in home prices..."
	Pipeline Press - 11:07AM "It's actually North Las Vegas considering eminent domain. Different city than the gambling Mecca. It would certainly be a bigger deal if Vegas were thinking of going down this treacherous path...."
	MND NewsWire - 12:12PM "I am waiting to see the "home builder confidence" when potential buyer's who signed contracts in May get the payment shock increase over 100 bucks a month and they back out of the deal...."
	MBS Live Chat - 12:14PM "lots of room for correction here: http://screencast.com/t/oI311q34kipc . Smack dab on upper line right now...."
	MBS Commentary - 4:09PM "Well done..."
	MBS Commentary - 6:41PM "Is it possible that some non-fed fundamentals could still push us back into the pre-May range? Europe for example? Massive pullback in equities? Are the days of the stock lever and risk on/risk off a non-starter in the current environment?..."
	MBS Commentary - 9:46PM "To whatever extent stocks and bonds have enjoyed a long term rally together due to central bank liquidity, the traditional view of the stock lever would not apply on longer term charts (even though it will continue to apply at varying times on intraday charts). I don't think Europe has the same power..."
	MBS Live Chat - 3:09PM ""our assessment is that the MBS market is still a very healthy market in terms of spreads, execution times, and our effect on the market"..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.14%

+0.12

15 Yr FRM

3.36%

+0.12

FHA 30 Year Fixed

3.83%

+0.14

Jumbo 30 Year Fixed

4.25%

+0.05

5/1 Yr ARM

2.95%

+0.02

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

4.17%

0.41

+0.02

15 Yr. Fixed

3.30%

0.39

-0.02

30 Yr. Jumbo

4.23%

0.34

-0.02

30 Yr. FHA

3.85%

0.22

+0.04

5/1 ARM

2.81%

0.35

+0.03

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

98-29

-1-07

30YR FNMA 3.5

102-09

-1-00

30YR GNMA 3.0

100-04

-1-14

30YR GNMA 3.5

103-13

-1-07

15YR FNMA 3.0

103-16

-0-17

15YR FNMA 2.5

100-31

-0-26

Treasuries

Yield

Change

2 YR

0.3105%

+0.0485

5 YR

1.2401%

+0.1833

10 YR

2.3362%

+0.1490

30 YR

3.4065%

+0.0632

Prices as of: 6/19/2013 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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