Daily Newsletter: Friday August 16, 2013

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30 Year Fixed

                                                                4.69%
                                                                  
                                                                +0.10

15 Year Fixed

                                                                3.78%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.83%
                                                                  
                                                                +0.0661

FNMA 30YR 3.5

                                                                99-01
                                                                  
                                                                -0-18

FNMA 15YR 2.5

                                                                101-28
                                                                  
                                                                -0-11

View Today's Rates

Friday August 16, 2013

MND NewsWire - 2:40PM

Analysts Call for Salvaging GSEs, Advocate Small Tweaks not Massive Reform

Bank of America Merrill Lynch has jumped full on into the debate over the future of Fannie Mae and Freddie Mac (the GSEs). With a recent article from its rates research staff titled ...

Mortgage Rate Watch - 5:42PM

Mortgage Rates Sharply Higher After Lukewarm Economic Data

Mortgage rates rose sharply again today , with best-execution up to 4.75 in most cases, after another round of economic data failed to convince markets that the Fed would reconsider ...

MND NewsWire - 10:28AM

Multifamily Construction Buoys Housing Data

The pace of residential construction was notably mixed across all three Census Bureau measures in July, with the issuance of permits, housing starts, and housing completions all increasing ...

MND NewsWire - 2:09PM

California Housing Recovery Continues Full Throttle

Home sales in California surged by 17.3 percent in July DataQuick said today, rising from 41,027 sales of new and existing houses in June to 48,118 in July. The San Diego based company ...

Latest Video

Former WF CEO: '20 financial institutions caused crisis'

Rising rates hurting housing?

Housing starts up 5.9% in July

More News from 'Around the Web'

Market Watch - 5:05PM
Fed's Fisher: Treasury fall as 'QE infinity' ends
Washington Post - 5:05PM
Fed may chose tiny taper to maximize flexibility
WSJ - 4:19PM
HUD Takes a Wait and See' Approach on Eminent Domain
WSJ - 4:19PM
Housing Expansion May Be Getting Scaled Back
CNBC - 3:27PM
Bernanke may delay tapering past September: UBS
Washington Post - 1:56PM
These two charts explain the housing market
Washington Post - 1:30PM
Don't blame the CFPB for tight credit
CNBC - 12:38PM
Pimco: 'Great rotation' to stocks won't happen
Market Watch - 11:00AM
The Week in Charts: The charts that point to an imminent Fed taper
WSJ - 11:00AM
Fannie Could Curb Low-Down-Payment Loan Purchases
Market Watch - 10:58AM
Home-builder shares up; data show more building
Washington Post - 10:58AM
One option for the Fed: Taper, but tiny
www.philadelphiafed.org - 10:57AM
Forecasters' Outlook for Growth Weakens
Bloomberg - 10:57AM
Wells Fargo Buys $1.6 Billion of ING Commercial Property Loans - Bloomberg
CNBC - 10:56AM
What is fair value for the 10-year Treasury?
CNBC - 10:56AM
Cashin: 'There's no sign of inflation anywhere'
DataQuick - 9:39AM
July California Home Sale Press Release
The Huffington Post - 9:32AM
Mayor Takes Bold Stance Against Foreclosures
CNBC - 9:29AM
'Fat finger?' Flash surge in China
CNBC - 9:28AM
Housing starts up 5.9% in July; Q2 productivity beats expectations with 0.9% gain

Today's Comments

	MBS Live Chat - 10:12AM "How easy we forget how much of a wildcard the Federal Reserve is. I wouldn’t put it past them to change the entire statement next month making the May taper talk the biggest head fake in financial history. By in large the discussion has been taper vs. not taper or prolong the taper to Q1 ’14. I wouldn..."
	MBS Live Chat - 10:58AM "I'm not a Fed apologist, but I have to wonder where we'd be without it. I think many of us fail to recognize how awful this situation was, and there is a chance that QE and where we are today has just set the foundation for the real recovery. I know we'd like to see a real recovery at this point, but..."
	MBS Live Chat - 12:35PM "TC, it's in the alert, but perhaps a bit "coded." There's no headline cause and effect, just bigger tradeflows coming through Treasuries. All it takes is one big trade bold enough to step out from the herd and the rest of the herd follows quickly. Dominoes and snowballs are other analogies that work..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.69%

+0.10

15 Yr FRM

3.78%

+0.03

FHA 30 Year Fixed

4.34%

+0.06

Jumbo 30 Year Fixed

4.70%

+0.07

5/1 Yr ARM

3.28%

+0.02

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

+0.00

15 Yr. Fixed

3.44%

0.60

+0.01

1 Yr. ARM

2.67%

0.40

+0.05

5/1 Yr. ARM

3.23%

0.50

+0.04

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

94-25

-0-23

30YR FNMA 3.5

99-01

-0-18

30YR GNMA 3.0

95-16

-0-27

30YR GNMA 3.5

100-00

-0-19

15YR FNMA 3.0

101-28

-0-11

15YR FNMA 2.5

98-18

-0-14

Treasuries

Yield

Change

2 YR

0.3426%

-0.0036

5 YR

1.5660%

+0.0482

10 YR

2.8288%

+0.0661

30 YR

3.8474%

+0.0415

Prices as of: 8/16/2013 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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