Daily Newsletter: Wednesday August 21, 2013

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30 Year Fixed

                                                                4.74%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.82%
                                                                  
                                                                +0.01

10YR Treasury

                                                                2.89%
                                                                  
                                                                +0.0737

FNMA 30YR 3.5

                                                                98-16
                                                                  
                                                                -0-19

FNMA 15YR 2.5

                                                                101-12
                                                                  
                                                                -0-12

View Today's Rates

Wednesday August 21, 2013

MND NewsWire - 11:19AM

Home Sales up 6.5 Percent; Prices Nearing Pre-Crash Peak

Sales of existing home increased strongly in July and median home prices are now nearing their pre-crash peak National Association of Realtors® (NAR) said today. Sales in July rose ...

Mortgage Rate Watch - 5:15PM

Mortgage Rates Head Higher After Fed Minutes

Mortgage rates rose moderately following today's release of Minutes from the July 31st FOMC Meeting. There was no meaningful new information, but there was also nothing to challenge ...

MND NewsWire - 9:25AM

Purchase Apps Rise Again; Rising Rates Killing Refi Apps

Applications for refinancing fell again during the week ended August 16 the Mortgage Bankers Association (MBA) said today. MBA' Refinancing Index, a measure of application volume, fell ...

MND NewsWire - 4:14PM

Purchase Originations Overtake Refinances -Ellie Mae

Ellie Mae said today that loans for refinancing represented only 47 percent of loans originated in July, dropping from 51 percent in June and representing less than half of all loans ...

Latest Video

Fed impact on housing

Where are the first time homebuyers?

Toll Bros. CEO: 'Rising rates are not affecting our customers'

More News from 'Around the Web'

Bloomberg - 6:11PM
Did ARMs Keep the Housing Crisis From Being Even Worse? - Bloomberg
Bloomberg - 4:56PM
Assured Guaranty, JPMorgan Agree to End Mortgage Suits - Bloomberg
blogs.desmoinesregister.com - 4:36PM
More layoffs at Wells Fargo Home Mortgage
Federal Reserve - 4:20PM
Minutes of the Federal Open Market Committee, July 30-31, 2013
CNBC - 3:41PM
Cashin: Market's 'wild ride' after Fed minutes
CNBC - 3:35PM
Cauldron of hawks emerges on Fed policy committee
news.google.com - 2:42PM
Key Passages From Fed Minutes - Wall Street Journal
Reuters - 2:39PM
Fed meeting minutes offer few clues on timing of QE3 reduction
Reuters - 2:20PM
U.S. consumer bureau investigating mortgage servicing problems
CNBC - 2:19PM
Keep printing: Minutes show Fed staying in the game
Bloomberg - 2:19PM
FOMC Minutes Show Broad Support for Bernanke Tapering Timeline
Reuters - 2:19PM
Fed mulling new reverse repos to reduce liquidity: FOMC minutes
Bloomberg - 1:08PM
Bond Funds See $30.3 Billion of August Withdrawals as Rates Rise - Bloomberg
www.zerohedge.com - 12:52PM
Is Jackson Hole's 'Agenda-Less' Agenda To Taper Treasuries Before MBS?
Washington Post - 11:23AM
This one photo from 1998 includes everybody involved in the Fed chair decision
CNBC - 11:18AM
Three reasons everyone is dead wrong about bonds
CNBC - 10:18AM
Lowe's beats; crunch time near for homebuilders
Fannie Mae - 10:17AM
News Release - Economy Picks Up Steam; Housing Recovery ...
CNBC - 10:17AM
US existing home sales jump 6.5 percent in July
Reuters - 8:58AM
Higher home prices boost Toll Brothers' revenue

Today's Comments

	MBS Commentary - 8:12AM "Nice prep for the day... should be required reading..."
	MBS Commentary - 8:28AM "awesome! thanks mg..."
	MBS Commentary - 8:59AM "Great EHS vs. Rates chart...."
	MBS Live Chat - 2:29PM "problem is we're all spoiled, rates have been dropping for 12 years and everyone has refied 4 times. Sooner or later we have to break out into a purchase market..."
	MBS Live Chat - 2:29PM "At this point does everyone here see the FED tapering in September? I was optimistic until today but I think it is reality...."
	MBS Live Chat - 2:29PM "MH, I understand your perspective. Been here since 1987. Where rates were and are today isn't the point. If I sold you a computer for 2000 bc mine is 1985 was 3000 would that be reason enough for paying that price today?..."
	MBS Live Chat - 2:33PM "I agree. many of us have attempted to keep on a brave face about rates being ok where they are. the consumer says differently, which is why apps are down 60%. how you and I may do amidst this is a different story. The bottom line is consumers feel loans are overpriced and have voted with their feet...."
	MBS Live Chat - 2:49PM "REPRICE : 2:49 PM - Wells Fargo Worse..."
	MBS Live Chat - 2:51PM "REPRICE : 2:51 PM - Flagstar Worse..."
	MBS Live Chat - 3:37PM "REPRICE : 3:37 PM - Franklin American Worse..."
	MBS Live Chat - 3:38PM "REPRICE : 3:38 PM - Homebridge Worse..."
	MBS Live Chat - 3:38PM "REPRICE : 3:38 PM - Stonegate Mortgage Worse..."
	MBS Live Chat - 3:38PM "REPRICE : 3:38 PM - BB&T Worse..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.74%

+0.03

15 Yr FRM

3.82%

+0.01

FHA 30 Year Fixed

4.40%

+0.03

Jumbo 30 Year Fixed

4.72%

+0.00

5/1 Yr ARM

3.34%

+0.05

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

94-08

-0-24

30YR FNMA 3.5

98-16

-0-19

30YR GNMA 3.0

95-06

-0-21

30YR GNMA 3.5

99-19

-0-18

15YR FNMA 3.0

101-12

-0-12

15YR FNMA 2.5

98-02

-0-16

Treasuries

Yield

Change

2 YR

0.3714%

+0.0285

5 YR

1.6394%

+0.0980

10 YR

2.8898%

+0.0737

30 YR

3.9179%

+0.0632

Prices as of: 8/21/2013 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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