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Tuesday July 23, 2013
MND NewsWire - 2:11PM
The Federal Reserve Bank of New York has updated and released proceedings of a conference it held last October in conjunction with the Rockefeller Institute of New York. The conference ...
Mortgage Rate Watch - 5:14PM
Mortgage rates bounced slightly higher today, bringing them almost perfectly back in line with Friday's levels. Trading conditions in the underlying 'mortgage-backed-securities' and ...
MND NewsWire - 10:27AM
Home prices rose on a month-over-month basis for the 16 th consecutive month in May the Federal Housing Finance Agency (FHFA) said today Prices reflected in the agency's Home Price ...
Pipeline Press - 10:10AM
I want one of those jobs where people ask, "Do you actually get paid for doing this?" Most folks involved in lending or real estate rarely hear that, however, and in fact unfortunately ...
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"specifically on the topic of 3.5 v 4.0, we were sort of on the edge of 3.5 relevance last week even though the bulk of new originations continue to be in 4.0s. Yesterday's rate sheets didn't necessarily change that, but they connoted enough activity in 3.5s that we should care. 3.5s will generally be..."
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"great explanation, MG..."
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"Thank you MG. So there should be a chance to lock in the AM . If I may ask your infinite wisdom and knowledge MG, likeliness that the statement is towards beginning the end of QE? Or if anyone has an opinion, i'm all ears...."
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"If you are happy with the rate, lock it in and make sure your lender has a float down in the event things change dramatically for the better...."
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"http://www.mortgagenewsdaily.com/mortgage_rates/blog/49123.aspx..."
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"Richard, I wouldn't expect the statement to give anything away with respect to September, but I don't think many people do. As such, there's no way to guess what the market impact will be. I understand the urge to try to get a leaning ahead of time, but that's a bad idea. The day could be equally influenced..."
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"Is there still a way to force banks to accept offers of lower interest rates in order to make home ownership, especially first time buyers, affordable? If not, could you perhaps do a backdoor method of accepting the higher rate, but pay the minimum, and refinance downward? I was considering homeownership..."
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Today's Rates
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30 Yr FRM
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4.41%
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+0.05
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15 Yr FRM
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3.62%
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+0.04
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FHA 30 Year Fixed
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4.25%
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+0.00
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Jumbo 30 Year Fixed
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4.50%
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+0.05
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5/1 Yr ARM
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3.21%
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+0.00
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Average Mortgage Rates
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15 Yr. Fixed
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2.80%
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1.17
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-0.23
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30 Yr. Fixed
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3.58%
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1.37
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-0.19
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30 Yr. Fixed
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4.68%
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0.42
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+0.00
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15 Yr. Fixed
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3.70%
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0.38
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-0.06
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30 Yr. Jumbo
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4.81%
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0.40
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-0.05
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30 Yr. FHA
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4.38%
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0.22
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+0.01
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5/1 ARM
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3.39%
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0.37
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-0.01
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30 Yr. Fixed
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4.37%
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0.70
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-0.14
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15 Yr. Fixed
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3.41%
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0.70
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-0.12
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1 Yr. ARM
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2.66%
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0.40
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+0.00
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5/1 Yr. ARM
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3.17%
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0.60
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-0.09
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* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
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Secondary Markets
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30YR FNMA 3.0
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97-12
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-0-11
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30YR FNMA 3.5
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101-06
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-0-08
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30YR GNMA 3.0
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98-11
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-0-11
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30YR GNMA 3.5
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102-06
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-0-06
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15YR FNMA 3.0
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102-29
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-0-00
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15YR FNMA 2.5
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100-00
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-0-01
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2 YR
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0.3101%
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+0.0039
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5 YR
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1.3110%
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+0.0114
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10 YR
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2.5049%
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+0.0226
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30 YR
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3.5763%
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+0.0290
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Prices as of: 7/23/2013 4:32PM EST
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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
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