Daily Newsletter: Thursday August 8, 2013

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30 Year Fixed

                                                                4.43%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.63%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.59%
                                                                  
                                                                -0.0094

FNMA 30YR 3.5

                                                                101-04
                                                                  
                                                                +0-07

FNMA 15YR 2.5

                                                                103-02
                                                                  
                                                                +0-04

View Today's Rates

Thursday August 8, 2013

MND NewsWire - 10:46AM

Republicans Respond to Obama Speech, Dismissing Need for Government Guarantee

Republican members of the House Financial Services Committee claimed leadership in the area of housing finance reform in the wake of President Obama's speech on the subject in Phoenix ...

MND NewsWire - 1:32PM

Distressed Loans Hit Five Year Lows; Delinquencies Down for all but FHA Loans

Distressed loans fell to the lowest level in five years during the second quarter the Mortgage Bankers Association (MBA) said today. Both delinquencies and loans in foreclosure saw ...

MND NewsWire - 10:42AM

Strong Fannie Earnings Bring Taxpayer Recompense Over $100 billion

Fannie Mae reported this morning that it posted its sixth consecutive quarterly profit in the second quarter of 2013 and will pay taxpayers a $10.2 billion dividend in September. That ...

Mortgage Rate Watch - 5:34PM

Mortgage Rates at Best Levels in Several Weeks

Mortgage rates moved lower again today , hitting their best levels since July 23rd. That achievement is mostly a factor of what has been an extremely flat rate environment for the past ...

Latest Video

JPM and PNC face mortgage securities investigations

Mortgage rates holding steady

Future of Fannie and Freddie

More News from 'Around the Web'

Reuters - 5:07PM
Fed officials sing same song on cutting QE3 next month: Fisher
www.cfpbmonitor.com - 5:05PM
Federal financial regulatory agencies propose appraisal requirement exemptions for certain higher-priced mortgage loans
CNBC - 5:03PM
Gross: It'll take war to save bond investors
Reuters - 4:16PM
Cleveland Fed President Pianalto to retire in 2014
Bloomberg - 4:14PM
Ellie Mae Said to Consider Sale, Interview Advisers - Bloomberg
Bloomberg - 4:12PM
Wells Fargo Must Face Mortgage Modification Suits - Bloomberg
Bloomberg - 2:02PM
PNC Gets Subpoena on Foreclosures as DOJ Pursues Mortgage Loans - Bloomberg
freddiemac.mwnewsroom.com - 2:00PM
Freddie Mac Releases Mid-Year Multifamily Outlook and Investment Index
National Housing Conference - 2:00PM
Does the upbeat news on home prices extend to housing affordability?
Bloomberg - 1:50PM
FHFA Says GSEs May Cease Business in Cities Using Eminent Domain - Bloomberg
CNN - 1:50PM
Taxpayer may soon profit on Fannie, Freddie bailouts
WSJ - 12:34PM
Fed's Fisher Says Bond Purchases Should Slow in September
Reuters - 12:32PM
U.S. probe eyes JPMorgan MBS, not Bear or WaMu bonds: source
CNBC - 12:28PM
Watch Rick Santelli: Kicking the tires on Europe's rebound
FHFA - 12:08PM
FHFA Statement on Eminent Domain
freddiemac.mwnewsroom.com - 10:15AM
Mortgage Rates Change Little
CNBC - 10:15AM
Are you not entertained? Pimco vows 'bond war' win
NAR - 10:10AM
International Clients are Upscale in their Housing Preferences
Google News - 10:10AM
Home Prices Pick Up Steam in Most Metro Areas during Second Quarter
CNBC - 9:18AM
Morning Six: Bond Wars!

Today's Comments

	MND NewsWire - 1:09AM "Let me get this straight......we need to wind down Fan/Fred as soon as possible, AND simultaneously add non agency insured debt to their portfolios via HARP for loans not currently guaranteed by Fan/Fred?? Isn't that just a touch contradictory?..."
	MND NewsWire - 2:43PM "Call me a skeptic but if we unwind the agencies, who will buy these loans? HMMM- Wells? Wouldn't that be convenient! With supervision by the Fed? Sounds like a perfect storm to me!..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.43%

-0.04

15 Yr FRM

3.63%

-0.03

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.45%

-0.02

5/1 Yr ARM

3.21%

-0.03

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

4.61%

0.42

+0.03

15 Yr. Fixed

3.66%

0.43

-0.01

30 Yr. Jumbo

4.64%

0.34

+0.00

30 Yr. FHA

4.33%

0.26

+0.03

5/1 ARM

3.39%

0.37

+0.00

Freddie Mac **

30 Yr. Fixed

4.40%

0.70

+0.01

15 Yr. Fixed

3.43%

0.70

+0.00

1 Yr. ARM

2.62%

0.30

-0.02

5/1 Yr. ARM

3.19%

0.50

+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

97-07

+0-06

30YR FNMA 3.5

101-04

+0-07

30YR GNMA 3.0

98-09

+0-07

30YR GNMA 3.5

102-06

+0-06

15YR FNMA 3.0

103-02

+0-04

15YR FNMA 2.5

100-02

+0-04

Treasuries

Yield

Change

2 YR

0.3056%

+0.0001

5 YR

1.3571%

-0.0130

10 YR

2.5892%

-0.0094

30 YR

3.6729%

-0.0115

Prices as of: 8/8/2013 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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