Daily Newsletter: Monday June 24, 2013

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30 Year Fixed

                                                                4.59%
                                                                  
                                                                +0.10

15 Year Fixed

                                                                3.75%
                                                                  
                                                                +0.10

10YR Treasury

                                                                2.54%
                                                                  
                                                                +0.0039

FNMA 30YR 3.5

                                                                100-03
                                                                  
                                                                -0-09

FNMA 15YR 2.5

                                                                102-07
                                                                  
                                                                -0-02

View Today's Rates

Monday June 24, 2013

MND NewsWire - 3:21PM

Lowest REO Sales Since October 2007 in California

The California Association of Realtors® (C.A.R.) reports that May sales of bank-owned properties (REO) were at the lowest level since October 2007 . Equity home sales (i.e. non ...

Mortgage Rate Watch - 5:16PM

Mortgage Rates Continue Unprecedented Surge Higher

Mortgage rates finally lost less ground than they have over the past few business days. The problem is that this still left room for rates to go higher at a much faster pace than normal ...

MND NewsWire - 3:02PM

International Homebuying Falls From Highest Recent Levels

Despite some hurdles foreign buyers continue to purchase properties in the U.S., accounting for six percent of existing home sales. The National Association of Realtors® (NAR) recently ...

MND NewsWire - 11:26AM

California Home Price Increases Double National Gains

Home prices continue to make substantial gains in most areas of the country with some areas in California seeing an increase of as much as 3 percent in the Lender Processing Service ...

Latest Video

Hope in the Corker-Warner Bill?

Rising Rates: Impact on Housing

Week Ahead for Housing

More News from 'Around the Web'

Reuters - 5:15PM
Fed's Fisher says comfortable with rise in U.S. yields
Market Watch - 5:15PM
The herd will be wrong again
Bloomberg - 4:34PM
Homebuilders in U.S. Approach Bear Market on Rising Rates - Bloomberg
CNBC - 3:22PM
Million Dollar Homes: Summertime Edition Preview
Bloomberg - 2:50PM
Fed's Fisher Says He Backs Tapering QE With Economic Improvement
Reuters - 1:57PM
Fed's Kocherlakota: markets wrong if think Fed now more hawkish
CNBC - 1:56PM
FOMC Member Warns Off 'Feral Hogs' in Markets
Bloomberg - 12:21PM
Kocherlakota Says Guidance on Fed Policy Has Been 'Insufficient'
CNBC - 12:13PM
All About Location for Home Builders, Pros Say
CNBC - 12:13PM
Man Who Taught the Biggest Central Bankers Retires
Google News - 11:50AM
Foreign Home Buyers Continue to Identify U.S. as Profitable Investment, Realtors® Report
NY Fed - 11:50AM
NY Fed: Statement Regarding Repurchase Agreements
CNBC - 11:47AM
Cramer: Bernanke Loses Control of Bond Market
www.lpsvcs.com - 10:19AM
LPS' April HPI Report: Home Prices Up 1.5 Percent from March, 8.1 Percent Year-Over-Year
www.nytimes.com - 10:17AM
Paul Krugman: 'Et Tu, Bernanke?'
Reuters - 10:15AM
Financial instability should figure into policy-making: Fed's Dudley
Market Watch - 10:15AM
Bond Report: Treasurys continue to ignite global bond selloff
WSJ - 9:23AM
Data Calendar Heavy on Housing Numbers
CNBC - 9:18AM
Buy Treasuries as Bernanke's Tapering All Talk
NY Fed - 9:17AM
Dudley: Why Financial Stability is a Necessary Prerequisite for an Effective Monetary Policy

Today's Comments

	MBS Live Chat - 12:28PM "RTRS- FED'S KOCHERLAKOTA SAYS SPEAKING OUT TO CLARIFY WHAT HE VIEWS AS A MIS-PERCEPTION IN MARKETS THAT THE FED HAS BECOME MORE HAWKISH, BASED ON REACTION TO LAST WEEK'S MEETING..."
	MBS Live Chat - 12:33PM "REPRICE : 12:33 PM - Flagstar Better..."
	MBS Live Chat - 12:39PM "REPRICE : 12:39 PM - Wells Fargo Better..."
	MBS Live Chat - 12:48PM "REPRICE : 12:48 PM - PennyMac Better..."
	MBS Live Chat - 12:49PM "REPRICE : 12:49 PM - Freedom Mortgage Better..."
	MBS Live Chat - 2:15PM "REPRICE : 2:15 PM - Real Estate Mortgage Network Better..."
	MBS Live Chat - 2:49PM "REPRICE : 2:49 PM - Flagstar Better..."
	MBS Live Chat - 3:22PM "REPRICE : 3:22 PM - Chase (retail) Better..."
	MBS Live Chat - 3:26PM "REPRICE : 3:26 PM - Wells Fargo Better..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.59%

+0.10

15 Yr FRM

3.75%

+0.10

FHA 30 Year Fixed

4.37%

+0.12

Jumbo 30 Year Fixed

4.62%

+0.08

5/1 Yr ARM

3.10%

+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

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

96-11

-0-11

30YR FNMA 3.5

100-03

-0-09

30YR GNMA 3.0

97-03

-0-15

30YR GNMA 3.5

100-18

-0-13

15YR FNMA 3.0

102-07

-0-02

15YR FNMA 2.5

99-10

-0-05

Treasuries

Yield

Change

2 YR

0.4004%

+0.0327

5 YR

1.4546%

+0.0252

10 YR

2.5442%

+0.0039

30 YR

3.5575%

-0.0355

Prices as of: 6/24/2013 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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