Daily Newsletter: Tuesday July 2, 2013

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30 Year Fixed

                                                                4.37%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.58%
                                                                  
                                                                +0.01

10YR Treasury

                                                                2.47%
                                                                  
                                                                -0.0035

FNMA 30YR 3.5

                                                                101-13
                                                                  
                                                                -0-07

FNMA 15YR 2.5

                                                                103-02
                                                                  
                                                                0-00

View Today's Rates

Tuesday July 2, 2013

MND NewsWire - 10:37AM

Home Price Surge Will Accelerate Next Month - CoreLogic

There is a remarkable degree of agreement among prevalent purveyors of Home Price Indices that prices this spring have risen higher and faster than in any period since early 2006. Joining ...

Mortgage Rate Watch - 4:42PM

Rate Recovery Levels Off; Waiting on Employment Data

Mortgage rates leveled off today , with most lenders roughly in line with yesterday's offerings while others were slightly higher in cost. These were some of the tamest day-over-day ...

MND NewsWire - 3:14PM

HUD Sued over Disparate Impact; Could Affect CFPB Authority

Two insurance industry trade groups, the American Insurance Association and the National Association of Mutual Insurance Companies, whose members sell homeowners insurance, have filed ...

MBS Commentary - 7:52AM

The Day Ahead: Bowling With Bumpers For One More Day?

After a docile session on Monday, Tuesday offers up even less by way of economic data though might make up for some of the calendar shortcomings with slightly fewer vacation-related ...

Latest Video

Ahead of Friday's Jobs Data

Santelli's Midday Bond Report

Big Apple's Busy Real Estate Market

More News from 'Around the Web'

Reuters - 3:53PM
June jobs report likely to keep Fed tapering on track
CNBC - 3:51PM
New York's Penthouse Shortage
CNBC - 3:50PM
Portugal Faces Austerity Uncertainty
www.cfpbmonitor.com - 3:49PM
CFPB's proposed changes to prohibition on financing credit insurance premiums fall short
NY Fed - 1:13PM
NY FED's Dudley on National and Regional Economy
www.cfpbmonitor.com - 1:09PM
More on new disparate impact suit against HUD
CNBC - 1:05PM
Mortgage Rate Rise Won't Kill Housing: Hovnanian
Bloomberg - 11:09AM
Nationstar-Serviced Mortgage Bonds to Realize Losses, Fitch Says
Federal Reserve - 11:09AM
Federal Reserve Board approves final rule to help ensure banks maintain strong capital positions
Reuters - 10:18AM
Factory orders rise, hint at stability in manufacturing
The Big Picture - 10:17AM
Housing Affordability Index: Still Worthless
Washington Post - 9:58AM
Remember what they said the sequester would do? This chart shows what it actually did.
NAFCU - 9:55AM
Compliance Monitor eyes CFPB mortgage rules
CNBC - 9:54AM
Fed To Vote on Key Capital Rules For Banks
Reuters - 8:36AM
Home prices rise by most in seven years in May: CoreLogic
Bloomberg - 8:23AM
Manhattan Home Prices Climb in Busiest Spring Since 2007
Reuters - 8:21AM
Greece has 3 days to deliver or face consequences - EU officials
Market Watch - 8:20AM
Quirky houses can make lenders nervous
Bloomberg - 8:20AM
Vatican Bank Directors Resign Amid Financial Scandal
Reuters - 8:19AM
Stock futures higher as positive momentum persists

Today's Comments

	MND NewsWire - 8:36AM "I believe this is the Feds attempt at reducing demand and encouraging sellers to place their existing homes on the market. The housing supply is the lowest it has been since the early part of this century. Increasing these historically low interest rates will help to stabilize the demand to a degree..."
	Pipeline Press - 8:58AM "Fed, please throw out Basel´s capital requirements for banks based on perceived risk. These, for no purpose at all, discriminate against “The Risky”, in the land of the brave. Use a simple leverage ratio of 8% instead. http://subprimeregulations.blogspot.com/2012/07/complaint-i-presented-to-consumer..."
	MBS Live Chat - 2:39PM "If someone had a F/C 4 years ago and wants to put down 20% now then can they do it Fannie Mae or is that only 2 years for short sales with 20% or more down?..."
	MBS Live Chat - 2:42PM "I know with us it's 7 years for foreclosure, 4 years for deed in lieu. I don't think that's an overlay..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.37%

+0.02

15 Yr FRM

3.58%

+0.01

FHA 30 Year Fixed

4.21%

+0.01

Jumbo 30 Year Fixed

4.39%

+0.02

5/1 Yr ARM

3.01%

-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

4.46%

0.80

+0.53

15 Yr. Fixed

3.50%

0.80

+0.46

1 Yr. ARM

2.66%

0.50

+0.09

5/1 Yr. ARM

3.08%

0.70

+0.29

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

97-25

-0-02

30YR FNMA 3.5

101-13

-0-07

30YR GNMA 3.0

99-00

-0-03

30YR GNMA 3.5

102-16

-0-10

15YR FNMA 3.0

103-02

0-00

15YR FNMA 2.5

100-15

-0-02

Treasuries

Yield

Change

2 YR

0.3513%

-0.0040

5 YR

1.3750%

-0.0016

10 YR

2.4693%

-0.0035

30 YR

3.4738%

-0.0009

Prices as of: 7/2/2013 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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