Daily Newsletter: Friday June 21, 2013

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30 Year Fixed

                                                                4.49%
                                                                  
                                                                +0.20

15 Year Fixed

                                                                3.65%
                                                                  
                                                                +0.17

10YR Treasury

                                                                2.54%
                                                                  
                                                                +0.1176

FNMA 30YR 3.5

                                                                100-12
                                                                  
                                                                -1-03

FNMA 15YR 2.5

                                                                102-09
                                                                  
                                                                -0-25

View Today's Rates

Friday June 21, 2013

Mortgage Rate Watch - 5:49PM

Nightmare for Mortgage Rates: Way Worse Than Freddie Told You

Mortgage rates have had a far worse week than than you've been told anywhere else, and today was even more freakishly destructive than the previous two days. Taken together, this is ...

MND NewsWire - 1:36PM

Modifications Decline Significantly; Foreclosure Sales Rise

Modifications under the HOPE NOW alliance declined significantly in April, due entirely to a decline in the number of proprietary transactions. HOPE NOW said its members completed 69 ...

MBS Commentary - 5:28PM

MBS RECAP: Darkest Depths and Waking Nightmares

MBS Live : MBS Afternoon Market Summary For those of us whose lives are intertwined by mortgage markets, these are dark times. The 3-day sell-off just seen in MBS (or Treasuries for ...

Pipeline Press - 1:57PM

Moody's, New Penn, Shellpoint; State-Level Mortgage Changes; are you ready for FMIC?

Welcome to the day with the misnomer, "The longest day of the year." Every day has about 24 hours - this one, in the northern hemisphere, happens to have the longest period between ...

Latest Video

Fed & Market Disconnect?

Can Housing Overcome Higher Rates?

Is Volatility Here to Stay?

More News from 'Around the Web'

CNBC - 3:22PM
10-Year Treasury Yield Climbs Above 2.5%
Washington Post - 3:21PM
Here's how fast Fannie and Freddie are paying pack the Treasury
CNBC - 2:59PM
Mortgage Freak Out: Fed Will Not Let Mortgage Rates Go to Six Percent
news.google.com - 1:10PM
Analysis: Markets Might Be Misreading Fed's Messages - Wall Street Journal (blog)
Bloomberg - 1:09PM
Homebuilders May Weather Higher Mortgage Rates: Chart of the Day - Bloomberg
CNBC - 12:54PM
As Supply of Cape Cod Mansions Shrinks, Prices Soar
CNBC - 12:50PM
Plugging Leaks: Conference Board Ends Embargoes
Reuters - 11:22AM
Bernanke bond announcement was poorly timed: Fed's Bullard
Bloomberg - 11:20AM
Banks Had $7.5 Billion in First-Quarter Trade Revenue, OCC Says - Bloomberg
Market Watch - 11:19AM
Shares of home builders continue to drop
CNBC - 11:18AM
Real Estate 'Fundamentally Different': REIT CEO
OCC - 11:18AM
OCC Reports First Quarter Trading Revenue of $7.5 Billion
www.cfpbmonitor.com - 9:37AM
U.S. Chamber of Commerce challenges CFPB's data collection
www.kpfa.org - 9:04AM
SIFMA AMG Tim Cameron Shares Concerns on Use of Eminent Domain (33:40)
zillow.mediaroom.com - 8:46AM
60 Percent of Homeowners Plan Summer Home Improvement Projects
www.gallup.com - 8:46AM
U.S. Investor Optimism Soared Before Market Turned
business.time.com - 8:43AM
No, China Is Not Having a Lehman Brothers Moment
www.aei.org - 8:39AM
Overzealous intervention dooms the market
Reuters - 8:38AM
Fed's Bullard says Bernanke bond announcement was poorly timed
Reuters - 8:37AM
Insight: Losses loom for investors enmeshed in mortgage chaos

Today's Comments

	Mortgage Rate Watch - 11:49AM "Awesome summary, MG. Whether we like the direction thiz has gone or not, no regular reader can say we weren't warned well in advance...."
	MBS Live Chat - 1:56PM "No magic number ahead of NFP. Maybe 2.63-ish would get a strong showing, but maybe we won't have to find out (hoping anyway)..."
	MBS Live Chat - 2:17PM "Late Friday leakiness, FNMA 3.0 to break 97?..."
	MBS Live Chat - 2:18PM "This appears to have a little heavier flow than a leak...."
	MBS Live Chat - 2:18PM "Late Friday leakiness for sure. Note the MBS-specific-ness (i.e. making news lows while TSYs stay contained)...."
	MBS Live Chat - 2:23PM ""Morgan Stanley expected gross production in MBS to decline to between $100 and $110 billion per month from about the $150 billion average of the past six months. Based on the Fed's buying of about $70 billion per month, their purchases would take out 60 to 70 percent of the monthly production, up from..."
	MBS Live Chat - 2:41PM "REPRICE : 2:41 PM - Flagstar Worse..."
	MBS Live Chat - 2:42PM "REPRICE : 2:42 PM - Chase Worse..."
	MBS Live Chat - 3:10PM "REPRICE : 3:10 PM - Caliber Funding Worse..."
	MBS Live Chat - 4:04PM "REPRICE : 4:04 PM - Wells Fargo Worse..."
	MBS Live Chat - 4:09PM "REPRICE : 4:09 PM - Chase Worse..."
	Mortgage Rate Watch - 4:20PM "Thank god I locked it when I had the chance.. I was very upset when I couldn't get 3.125% on 30 years fixed. I ended up locking it at 3.625% last month, but looking at the rates of today.. I am just glad I took your advice! Thanks!..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.49%

+0.20

15 Yr FRM

3.65%

+0.17

FHA 30 Year Fixed

4.25%

+0.28

Jumbo 30 Year Fixed

4.54%

+0.19

5/1 Yr ARM

3.09%

+0.07

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

3.93%

0.80

-0.05

15 Yr. Fixed

3.04%

0.70

-0.06

1 Yr. ARM

2.57%

0.40

-0.01

5/1 Yr. ARM

2.79%

0.50

+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

96-22

-1-12

30YR FNMA 3.5

100-12

-1-03

30YR GNMA 3.0

97-18

-1-12

30YR GNMA 3.5

100-31

-1-11

15YR FNMA 3.0

102-09

-0-25

15YR FNMA 2.5

99-15

-0-29

Treasuries

Yield

Change

2 YR

0.3677%

+0.0370

5 YR

1.4294%

+0.1216

10 YR

2.5403%

+0.1176

30 YR

3.5930%

+0.0774

Prices as of: 6/21/2013 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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