Daily Newsletter: Monday August 12, 2013

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30 Year Fixed

                                                                4.41%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                3.62%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.62%
                                                                  
                                                                +0.0377

FNMA 30YR 3.5

                                                                100-23
                                                                  
                                                                -0-09

FNMA 15YR 2.5

                                                                102-27
                                                                  
                                                                -0-02

View Today's Rates

Monday August 12, 2013

Mortgage Rate Watch - 3:55PM

Mortgage Rates Near Friday's Levels After Volatile Day

Mortgage rates began the day in much better shape compared to Friday's latest offerings, but market volatility in the afternoon prompted most lenders to reprice. The net effect was ...

MND NewsWire - 2:35PM

Affordability Lowest Since 2008 in California

The affordability of California homes is dropping rapidly as prices continue to soar and now higher interest rates are compounding the problem. The California Association of Realtors® ...

MND NewsWire - 2:15PM

100 Years of Fed Bond Buying

The Federal Reserve Bank of New York has taken on a laudable and possibly herculean task - trying to make its policies and operations understandable to everyday Americans. Last week ...

MBS Commentary - 5:03PM

MBS RECAP: Illiquidity Paves Way for Volatility

MBS Live : MBS Afternoon Market Summary Illiquidity was especially evident in MBS today though was a problem for Treasuries at times as well. Bond markets operated in fits and starts ...

Latest Video

Mortgage insurers post profits

Deficit drop & GDP

Who will replace Bernanke?

More News from 'Around the Web'

WSJ - 4:31PM
GDP Is, Like, Totally Overrated
CNBC - 4:27PM
Fed 'dove-nado' may prove more powerful than QE
Reuters - 3:23PM
U.S. posts $98 billion budget deficit in July
Market Watch - 2:26PM
U.S. July budget deficit $97.6 billion: Treasury
WSJ - 2:25PM
Why Home-Price Growth Will Slow
CNBC - 2:20PM
Private mortgage insurers back in black post crash
House Financial Services - 2:19PM
Chairman Hensarling Delivers Keynote Address on the PATH Forward for a Sustainable Housing Finance Policy
WSJ - 1:18PM
Which Release Does Goldman Say Is Best Indicator of Economic Strength?
WSJ - 10:29AM
Reading on Retail Sales Dominates Data This Week
Market Watch - 8:33AM
Treasury prices slip in tandem with German bunds
CNBC - 8:31AM
Investors see riches in luxury US homes
economix.blogs.nytimes.com - 8:31AM
Economix Blog: Moving Forward on Housing Reform

Today's Comments

	MND NewsWire - 1:19AM "As rates rise, and the pool of available HARP borrowers drops with each closing, volume is bound to subside. Will be interesting to see if HARP 3 surfaces, allowing re_HARPs, and loans written after 5/31/2009 to be HARP eligible. Kind of curious that our leadership seems hell bend on eliminating Fan..."
	MBS Live Chat - 2:36PM "REPRICE : 2:36 PM - 360 Mortgage Worse..."
	MBS Live Chat - 2:31PM "REPRICE : 2:31 PM - Green Tree Worse..."
	MBS Live Chat - 2:30PM "REPRICE : 2:30 PM - PennyMac Worse..."
	MBS Live Chat - 2:27PM "REPRICE : 2:27 PM - Sun West Mortgage Worse..."
	MBS Live Chat - 2:23PM "REPRICE : 2:23 PM - AMX Worse..."
	MBS Live Chat - 2:22PM "REPRICE : 2:22 PM - Wells Fargo Worse..."
	MBS Live Chat - 2:22PM "REPRICE : 2:22 PM - USBank Worse..."
	MBS Live Chat - 2:21PM "REPRICE : 2:21 PM - Flagstar Worse..."
	MBS Live Chat - 2:21PM "REPRICE : 2:21 PM - Chase Worse..."
	MBS Live Chat - 2:20PM "REPRICE : 2:20 PM - Flagstar Worse..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.41%

-0.01

15 Yr FRM

3.62%

-0.01

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.45%

-0.01

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

4.61%

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

96-24

-0-12

30YR FNMA 3.5

100-23

-0-09

30YR GNMA 3.0

97-26

-0-13

30YR GNMA 3.5

101-29

-0-08

15YR FNMA 3.0

102-27

-0-02

15YR FNMA 2.5

99-28

-0-04

Treasuries

Yield

Change

2 YR

0.3099%

+0.0041

5 YR

1.3831%

+0.0293

10 YR

2.6179%

+0.0377

30 YR

3.6829%

+0.0467

Prices as of: 8/12/2013 4:32PM 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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