Daily Newsletter: Tuesday July 9, 2013

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30 Year Fixed

                                                                4.55%
                                                                  
                                                                -0.08

15 Year Fixed

                                                                3.73%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.64%
                                                                  
                                                                -0.0036

FNMA 30YR 3.5

                                                                100-06
                                                                  
                                                                +0-09

FNMA 15YR 2.5

                                                                102-09
                                                                  
                                                                +0-04

View Today's Rates

Tuesday July 9, 2013

Mortgage Rate Watch - 4:56PM

Mortgage Rates Continue Lower Ahead of Fed Minutes

Mortgage rates logged a second day of solid improvements following Friday's frantic move higher. By the end of the day, rates had recovered more than half of ground lost on Friday. ...

MND NewsWire - 11:01AM

Shadow Inventory Drops Below 2 Million Units, Valued at $314B

CoreLogic said today that completed foreclosures ticked up slightly in May compared to April, but the number of homes in process of foreclosure, the foreclosure inventory , was down ...

MND NewsWire - 10:48AM

Mortgage Credit Eased Slightly in June MBA Says

The Mortgage Bankers Association (MBA) and AllRegs® has released the second monthly edition of their new Mortgage Credit Availability Index (MCAI) . The Index, first published by ...

Pipeline Press - 1:56PM

Rising Cost of Compliance; Falling Volumes; Measurement is the First Step Toward Improving Efficiency

Here in San Francisco at the CMBA's Western Secondary conference , someone reminded me of my April 1 (April Fools) edition three months ago. "The MBA came out with a revised production ...

Latest Video

Rising Rates Spark Mortgage Fears

Housing Finance Reform with Sen. Bob Corker

How New Capital Requirements Impact Banks

More News from 'Around the Web'

CNBC - 5:43PM
Another Fund Sues Over Fannie, Freddie
WSJ - 4:10PM
Fed Looks at More Than Jobs Report for Labor Market Clues
Reuters - 4:07PM
Regulator sued for blocking payments to low-income housing fund
CNBC - 3:52PM
How the Mortgage Interest Deduction Could Change
WSJ - 2:34PM
Still Not Enough People Willing to Quit Jobs
business.time.com - 2:34PM
S&P Downgrades Italy's Credit on Weak Prospects
www.cfpbmonitor.com - 2:31PM
CFPB issues final 2014 list of rural or underserved counties
Bloomberg - 2:31PM
Fannie Mae Said to Plan $1 Billion Sale of Home Mortgage Bonds - Bloomberg
Bloomberg - 2:30PM
Nomura Plans Its First US Mortgage Debt Since Financial Crisis - Bloomberg
House Financial Services - 2:27PM
CFPB Collecting Confidential Financial Information on Millions of Americans
CNBC - 2:27PM
We're Not Done Buying Real Estate, Blackstone Says
CNBC - 2:27PM
Former Fed Governor: Velocity of Money Meaningless
Google News - 11:55AM
NAR Survey of Generational Trends Shows Younger Buyers More Optimistic
Reuters - 11:53AM
Judge tentatively lets U.S. pursue fraud lawsuit versus S&P
OCC - 11:49AM
OCC Approves Final Rule on Regulatory Capital; Proposes Doubling Leverage Ratio for the Largest Banks
Reuters - 10:15AM
U.S. bank regulators propose 6 percent leverage ratio
CNBC - 10:14AM
Fannie and Freddie Fight: Hedge Funds vs. Treasury

Today's Comments

	MBS Live Chat - 1:33PM "Is there a website that is a good resource for VA eligibility and funding fees?..."
	MBS Live Chat - 1:35PM "tim, here is a link to the VA Lender's Handbook, I would bookmark it: http://www.benefits.va.gov/warms/pam26_7.asp..."
	MBS Live Chat - 1:32PM "RTRS - S&P LOWERS ITALY SOVEREIGN CREDIT RATING TO BBB FROM BBB+..."
	MBS Live Chat - 4:06PM "MND is #1 - no argument there..."
	MBS Live Chat - 4:38PM "MG, I've been on MND and MBSLive a month now and it's worth every penny...."
	MBS Live Chat - 4:52PM "well Steve, you have heard everyone's 2 cents, you learned more than you ever thought would regarding mortgages and the mortgage rate world, and you have an idea on what you could gain or could lose by floating or locking. what ever decision you make will be a well educated one..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.55%

-0.08

15 Yr FRM

3.73%

-0.02

FHA 30 Year Fixed

4.39%

-0.06

Jumbo 30 Year Fixed

4.65%

-0.08

5/1 Yr ARM

3.18%

-0.04

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.80%

1.17

-0.23

30 Yr. Fixed

3.58%

1.37

-0.19

MBA **

30 Yr. Fixed

4.58%

0.43

+0.12

15 Yr. Fixed

3.64%

0.44

+0.09

30 Yr. Jumbo

4.68%

0.38

+0.16

30 Yr. FHA

4.27%

0.44

+0.07

5/1 ARM

3.33%

0.31

+0.27

Freddie Mac **

30 Yr. Fixed

4.29%

0.70

-0.17

15 Yr. Fixed

3.39%

0.70

-0.11

1 Yr. ARM

2.66%

0.40

+0.00

5/1 Yr. ARM

3.10%

0.70

+0.02

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

96-06

+0-08

30YR FNMA 3.5

100-06

+0-09

30YR GNMA 3.0

97-06

+0-12

30YR GNMA 3.5

101-04

+0-13

15YR FNMA 3.0

102-09

+0-04

15YR FNMA 2.5

99-10

+0-05

Treasuries

Yield

Change

2 YR

0.3710%

+0.0079

5 YR

1.4960%

-0.0115

10 YR

2.6377%

-0.0036

30 YR

3.6467%

+0.0057

Prices as of: 7/9/2013 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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