Daily Newsletter: Wednesday July 24, 2013

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30 Year Fixed

                                                                4.49%
                                                                  
                                                                +0.08

15 Year Fixed

                                                                3.67%
                                                                  
                                                                +0.05

10YR Treasury

                                                                2.58%
                                                                  
                                                                +0.0793

FNMA 30YR 3.5

                                                                100-23
                                                                  
                                                                -0-15

FNMA 15YR 2.5

                                                                102-15
                                                                  
                                                                -0-14

View Today's Rates

Wednesday July 24, 2013

MND NewsWire - 11:01AM

New Home Sales Rise; Prices Fell in June, Despite Annual Increase

New home sales in June rose to a seasonally adjusted rate of 497,000 units an increase of 8.3 percent compared to sales in May. The June figure was an increase of 38.1 percent from ...

MND NewsWire - 8:54AM

Refinancing Index at 2 yr Low; Purchase Apps Fall

Applications for refinancing continued to fall during the week ended July 19 and, according to the Mortgage Bankers Association (MBA) are now at the lowest level on its Refinance Index ...

Mortgage Rate Watch - 3:48PM

Mortgage Rates Rise at Faster Pace

Mortgage rates were higher again today, but this time at the quickest pace in nearly two weeks. It was a clear departure from the recent trend of small day to day changes and a wake ...

MND NewsWire - 2:00PM

HAMP Redefaults a Cause for Concern or Business as Usual?

Among topics covered in a report from the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) issued today was a critical summary of the Home Affordable Modification ...

Latest Video

Stocks beat bonds in next 1-2 years: Kantor

NAR sells its data, too

Early stages of housing recovery: Smith

More News from 'Around the Web'

Market Watch - 4:40PM
Fed chairman race down to Yellen, Summers: WSJ
www.cfpbmonitor.com - 4:34PM
CFPB files lawsuit challenging loan officer bonuses
CNBC - 3:31PM
Danger sign? Overseas buying slows
freddiemac.mwnewsroom.com - 3:21PM
Freddie Mac Prices Transaction to Sell Off Residential Mortgage Credit Risk
FHFA - 3:21PM
Statement of FHFA Acting Director Edward J. DeMarco on Freddie Mac Risk-Sharing Transaction
CNBC - 3:14PM
Warning sign: Overseas real estate purchases slow
CNBC - 2:19PM
Home prices to rise 9-10% by year-end: Realogy CEO
Reuters - 1:37PM
Republican housing reform bill backed by U.S. House panel
Bloomberg - 1:03PM
New Freddie Mac Bonds Seen as Imperfect Shift of Mortgage Risk
CNBC - 12:53PM
Home builders boost prices amid rising rates
House Financial Services - 12:53PM
PATH Act to Protect Taxpayers & Homeowners Passes Committee
Reuters - 10:38AM
New home sales hit five-year high, prices soar
investors.flagstar.com - 9:46AM
Flagstar Reports Second Quarter 2013 Net Income of $65.8 million or $1.10 per Diluted Share
www.gallup.com - 9:45AM
In U.S., Increased Optimism About Quality Jobs Persists
Reuters - 9:40AM
Factory activity rebounds in July: Markit
NAFCU - 9:34AM
House panel poised to vote on PATH Act for housing finance reform
NAFCU - 9:34AM
Galante testifies today on draft FHA bill
Reuters - 7:38AM
U.S. financial regulators looking to ease mortgage norms: WSJ
Reuters - 7:37AM
Report raises concerns about U.S. housing aid program
Bloomberg - 7:36AM
Americans Gambling on Rates With Most ARMs Since 2008

Today's Comments

	MBS Live Chat - 11:36AM "Market is still in a frenzy, even with rates rising. People want to own a home, because we are still in a zone where in some areas, a mortgage payment is less than or equal to what you would pay in rent...."
	MBS Live Chat - 11:54AM "REPRICE : 11:54 AM - Flagstar Worse..."
	MBS Live Chat - 1:17PM "REPRICE : 1:17 PM - AMC Worse..."
	MBS Live Chat - 1:39PM "REPRICE : 1:39 PM - Stearns Lending Worse..."
	MBS Live Chat - 1:41PM "REPRICE : 1:41 PM - Franklin American Worse..."
	MBS Live Chat - 1:59PM "REPRICE : 1:59 PM - PennyMac Worse..."
	MBS Live Chat - 2:54PM "REPRICE : 2:54 PM - Provident Funding Better..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.49%

+0.08

15 Yr FRM

3.67%

+0.05

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.57%

+0.07

5/1 Yr ARM

3.25%

+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

4.68%

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

96-26

-0-18

30YR FNMA 3.5

100-23

-0-15

30YR GNMA 3.0

97-24

-0-19

30YR GNMA 3.5

101-22

-0-16

15YR FNMA 3.0

102-15

-0-14

15YR FNMA 2.5

99-17

-0-15

Treasuries

Yield

Change

2 YR

0.3520%

+0.0419

5 YR

1.3749%

+0.0639

10 YR

2.5842%

+0.0793

30 YR

3.6426%

+0.0663

Prices as of: 7/24/2013 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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