Daily Newsletter: Friday July 26, 2013

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30 Year Fixed

                                                                4.44%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.64%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.57%
                                                                  
                                                                -0.0069

FNMA 30YR 3.5

                                                                100-28
                                                                  
                                                                +0-02

FNMA 15YR 2.5

                                                                102-23
                                                                  
                                                                +0-04

View Today's Rates

Friday July 26, 2013

Mortgage Rate Watch - 5:25PM

Mortgage Rates Consolidate; Volatility Ahead

Mortgage rates improved today , capitalizing on friendly market movements that arrived too late in yesterday's session to make it onto rate sheets in any meaningful way. While lenders ...

MND NewsWire - 10:52AM

NAHB Rebuts Arguments for Repeal of MID

The cost, efficacy and fairness of the mortgage interest deduction ( MID ) are part of nearly every discussion in Washington about the tax code, housing policy, or the budget and there ...

MND NewsWire - 2:10PM

Smaller G-Fees for Riskier Loans and Bigger Lenders

Last week the Office of Inspector General (OIG) of the Federal Housing Finance Agency (FHFA) issued a report on FHFA's initiative to use guarantee fees charged by Fannie Mae and Freddie ...

MBS Commentary - 4:55PM

MBS RECAP: Uneventful End to Uneventful Week

MBS Live : MBS Afternoon Market Summary Let's be realistic about markets--bond markets anyway. Nothing happened this week. Of course "nothing" sounds a bit dramatic, so let's qualify ...

Latest Video

The Week Ahead: Home sweet home?

Adding value to your home

Fed fight: Yellen or Summers?

More News from 'Around the Web'

CNBC - 5:16PM
GMAC Mortgage to pay borrowers
Market Watch - 5:16PM
Summers consulting for Citigroup, Nasdaq: report
Washington Post - 5:16PM
This is how people at the Fed are thinking about the race to be their boss
Federal Reserve - 3:05PM
Federal Reserve releases an amendment to the enforcement action against GMAC Mortgage
Bloomberg - 2:15PM
Synovus Repays $968 Million in TARP Bailout Funds to Treasury - Bloomberg
Bloomberg - 12:17PM
What's Hidden in Fannie, Freddie Settlements? - Bloomberg
Reuters - 12:17PM
Obama likely won't announce Fed chair pick until fall: official
WSJ - 10:41AM
IMF Urges More Clarity From Fed
Market Watch - 10:37AM
Short sale stigma helps home buyers
Bloomberg - 10:37AM
Wells Fargo to PepsiCo Lead $29.5 Billion of Bond Sales in US - Bloomberg
CNBC - 10:35AM
Rotation or not, investors surge into stock funds
CNBC - 10:34AM
Consumer sentiment jumps to six-year high in July
www.corelogic.com - 9:27AM
Bond Credit Quality Outlook Improves in First Quarter 2013 According to CoreLogic Bond Tracker
CNBC - 9:13AM
Fed meeting could see volatility return
Washington Post - 9:13AM
Wonkbook: A dark horse for Fed chair?
Reuters - 8:04AM
Opposition mounts to Summers as possible Fed chief
Washington Post - 8:04AM
Ex-Goldman trader on trial in mortgage scheme
Reuters - 8:00AM
Banks shiver as UBS swallows $885 million U.S. fine

Today's Comments

	MBS Live Chat - 11:57AM "What is the likelihood of a 30 year fixed from Jan 2008 (originated with Washington Mutual) being a fannie or freddie? It is in a large complex and we have not had luck with the loan lookup tools...."
	MBS Live Chat - 12:02PM "WA Mu was big on option arms and those weren't agency products/harp eligible. Look up tool is usually pretty good...."
	MBS Live Chat - 12:11PM "Between loan lookup and running DU/LP, you should be able to find out. Might be a portfolio loan if it is with some of the bigger guys...."
	MBS Live Chat - 12:12PM "make sure that you have the right borrower on there, sometimes it was on or the other, or another borrower that is not going to be on this app. Had one where the wife assumed it after the husband died. Also, if the address has changed that might be a cause for the look up tool not to work...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.44%

-0.04

15 Yr FRM

3.64%

-0.02

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.51%

-0.04

5/1 Yr ARM

3.24%

+0.01

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%

0.40

-0.10

15 Yr. Fixed

3.63%

0.35

-0.07

30 Yr. Jumbo

4.66%

0.41

-0.15

30 Yr. FHA

4.28%

0.33

-0.10

5/1 ARM

3.30%

0.34

-0.09

Freddie Mac **

30 Yr. Fixed

4.31%

0.80

-0.06

15 Yr. Fixed

3.39%

0.80

-0.02

1 Yr. ARM

2.65%

0.40

-0.01

5/1 Yr. ARM

3.16%

0.70

-0.01

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

97-01

+0-05

30YR FNMA 3.5

100-28

+0-02

30YR GNMA 3.0

98-02

+0-04

30YR GNMA 3.5

101-30

+0-00

15YR FNMA 3.0

102-23

+0-04

15YR FNMA 2.5

99-22

+0-03

Treasuries

Yield

Change

2 YR

0.3167%

-0.0078

5 YR

1.3701%

-0.0049

10 YR

2.5662%

-0.0069

30 YR

3.6218%

-0.0246

Prices as of: 7/26/2013 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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