Daily Newsletter: Monday July 22, 2013

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30 Year Fixed

                                                                4.36%
                                                                  
                                                                -0.05

15 Year Fixed

                                                                3.58%
                                                                  
                                                                -0.04

10YR Treasury

                                                                2.48%
                                                                  
                                                                +0.0002

FNMA 30YR 3.5

                                                                101-14
                                                                  
                                                                +0-04

FNMA 15YR 2.5

                                                                102-29
                                                                  
                                                                +0-02

View Today's Rates

Monday July 22, 2013

Mortgage Rate Watch - 4:14PM

Mortgage Rates Hit July Lows After Weak Housing Data

Mortgage rates were lower again to begin the week as weaker-than-expected economic data helped rates improve slightly in the morning. The overall level of activity in bond markets that ...

MND NewsWire - 10:57AM

Sales of Existing Homes Slip; Prices Continue Higher

Existing home sales dipped slightly in June and May sales were revised down from previously reported levels the National Association of Realtors® (NAR) said today. Sales of previously ...

MND NewsWire - 3:23PM

Bill Striking at Eminent Domain Reintroduced

Representative John Campbell (R-CA) has reintroduced the Defending American Taxpayers From Abusive Government Takings Act he originally sponsored in September of 2012. The law is a ...

Pipeline Press - 9:25AM

REIT Performance; Another Big Settlement; NY State's FHA/Subprime Nightmare

We'll see a lot of housing news this week. Recently May 2013's, and before that April's, national and regional prices showed continued improvements - a sign of the spring buying season ...

Latest Video

June existing home sales miss

The Great Divide: Autos, defense & housing

Must-do mortgage move

More News from 'Around the Web'

www.treasury.gov - 2:24PM
Understanding HAMP Re-Default Rates
Market Watch - 2:23PM
Builders slide following housing data
CNBC - 1:03PM
Who needs volume? Stocks fine without it
CNBC - 1:00PM
Investors are moving out of housing, here's why
CNBC - 10:42AM
Existing home sales drop 1.2 percent, missing analysts' expectations
WSJ - 9:53AM
Housing Dominates This Week's Data
Reuters - 9:45AM
UBS second-quarter profit beats forecasts despite U.S. mortgage suit settlement
NY Fed - 9:44AM
Distressed Residential Real Estate: Dimensions, Impacts, and Remedies
NY Fed - 9:39AM
Distressed Residential Real Estate: Dimensions, Impacts, and Remedies: Compendium of Conference Findings
Fannie Mae - 9:28AM
News Release - Economy Poised for a Stronger Second Half ...
The Big Picture - 8:39AM
Datapoint: Aftermath of the Housing Bubble
Reuters - 7:38AM
U.S. appeals court will not intervene in FHFA lawsuits vs. banks
Bloomberg - 7:37AM
Pimco's Gross Says Fed Will Tighten Policy in 2016 at Earliest
CNN - 7:36AM
UBS settles mortgage case for $745 million
CNBC - 7:28AM
US Stocks Seen Higher Ahead of Earnings Wave
www.whitehouse.gov - 7:27AM
Weekly Address: Confirming Rich Cordray to Lead the CFPB

Today's Comments

	MBS Live Chat - 11:56AM "REUTERS POLL-38 OF 56 ECONOMISTS EXPECT U.S. FEDERAL RESERVE TO START REDUCING ITS BOND PURCHASES BY SEPTEMBER..."
	MBS Live Chat - 12:43PM "How likely do you guys see the Fed coming out and saying "We will start tapering in Sept" at the FOMC meetings next week?..."
	MBS Live Chat - 12:45PM "i'm commenting on MG's reuters poll...the Fed's desire for transparency and their reiteration of a data dependent template seems to have fallen on the deaf ears...."
	MBS Live Chat - 12:51PM "If/when the housing numbers drop again next month, I'll be curious to see what impact that has on the Fed's data dependent template...."
	MBS Live Chat - 12:53PM "I believe the Fed at least had to try and see if this economy had "legs"... It's like child.. you hate to see them fall down, but it's the only way to learn how to walk..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.36%

-0.05

15 Yr FRM

3.58%

-0.04

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.45%

-0.05

5/1 Yr ARM

3.21%

-0.02

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

4.68%

0.42

+0.00

15 Yr. Fixed

3.70%

0.38

-0.06

30 Yr. Jumbo

4.81%

0.40

-0.05

30 Yr. FHA

4.38%

0.22

+0.01

5/1 ARM

3.39%

0.37

-0.01

Freddie Mac **

30 Yr. Fixed

4.37%

0.70

-0.14

15 Yr. Fixed

3.41%

0.70

-0.12

1 Yr. ARM

2.66%

0.40

+0.00

5/1 Yr. ARM

3.17%

0.60

-0.09

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

97-23

+0-03

30YR FNMA 3.5

101-14

+0-04

30YR GNMA 3.0

98-22

+0-05

30YR GNMA 3.5

102-12

+0-04

15YR FNMA 3.0

102-29

+0-02

15YR FNMA 2.5

100-01

0-00

Treasuries

Yield

Change

2 YR

0.3062%

+0.0039

5 YR

1.2996%

+0.0016

10 YR

2.4823%

+0.0002

30 YR

3.5473%

-0.0121

Prices as of: 7/22/2013 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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