Daily Newsletter: Tuesday June 3, 2014

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30 Year Fixed

                                                                4.20%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                3.31%
                                                                  
                                                                +0.02

10YR Treasury

                                                                2.60%
                                                                  
                                                                +0.0664

FNMA 30YR 3.5

                                                                102-05
                                                                  
                                                                -0-14

FNMA 15YR 2.5

                                                                103-18
                                                                  
                                                                -0-07

View Today's Rates

Tuesday June 3, 2014

Mortgage Rate Watch - 3:42PM

Mortgage Rates Higher as Pre-ECB Volatility Ramps up

Mortgage rates continued moving higher at a relatively brisk pace today. The historically normal sources of market guidance--like economic data and Fed policy--remain afterthoughts ...

MND NewsWire - 11:01AM

Census Bureau Introduces Interactive Housing Data Tool

The Census Bureau recently introduced a new on-line interactive graphic which interprets annual data from the Bureau's Survey of Construction . The graphic pictures, logically enough ...

MND NewsWire - 10:49AM

April Price Increase was Smallest in 14 Months

Home prices posted a 26th consecutive month of year-over-year increases in April on the CoreLogic Home Price Index (HPI) Prices nationwide, including those of distressed homes sold ...

MBS Commentary - 12:51PM

MBS MID-DAY: Bonds Fight to Stay in Range After Weak Morning

After yesterday kicked off the new month with a quick return over 2.47 in 10yr Treasury yields, the overnight session kept the selling pressure intact. This was less of an issue during ...

Latest Video

Traders feud about what matters this week

This week's econ data

Santelli's view of bond action

More News from 'Around the Web'

blogs.wsj.com - 4:50PM
Calm or Complacency, in Three Charts
Bloomberg - 4:49PM
Western Asset to Team With Lenders in Mortgage Push - Bloomberg
Bloomberg - 3:34PM
Draghi Said Poised to Keep Rate-Cut Option Even After June Move - Bloomberg
WSJ - 2:22PM
Interest Rates at Zero May Link Uncertainty with Slower U.S. Growth: Dallas Fed Paper
WSJ - 2:16PM
Fed's George: Raise Rates Sooner and at a Faster Pace' Than 2015 Consensus
Reuters - 2:16PM
Icahn bought $51 million in Fannie, Freddie shares - filing
CNBC - 12:59PM
The 'new normal' is over: Pros
Reuters - 11:55AM
U.S. factory orders increase for third straight month
CNN - 11:55AM
Why hasn't Main Street recovered like Wall Street?
CNBC - 11:38AM
A real estate giant turns on to tech incubators
CNBC - 11:37AM
Recent bond-yield creep is start of something: Pros
CNBC - 11:29AM
Carl Icahn bets on Fannie, Freddie
Market Watch - 9:31AM
Treasurys fall for fourth consecutive session
Bloomberg - 9:31AM
Story Behind ISM Errors Reads Like Hammett Novel: Opening Line - Bloomberg
CNBC - 8:11AM
US bonds decline after more good news from China
CNBC - 8:11AM
All eyes on the ECB: Negative rate cut looms

Today's Comments

	MBS Live Chat - 3:04PM "Hey Guys, been out since Fri and skimming through the articles... no big reason for the sell off ? Can it just be "why did they go down in the first place"..."
	MBS Live Chat - 3:04PM "I'd view more as positioning before 3 days of market moving data...."
	MBS Live Chat - 3:05PM "NFP ramp of course..."
	MBS Live Chat - 3:05PM "buy the rumor, sell the news re: ECB announcement...."
	MBS Live Chat - 3:06PM "agreed, we are still in the rumor part, news in Thursday..."
	MBS Live Chat - 3:07PM "Apparently expectations for ECB easing are fading...."
	MBS Live Chat - 3:08PM "quote from MG "The biggest risk is that markets may have 'priced in' some amount of ECB easing this Thursday. In that case, even if the ECB lowers rates and announces asset purchases, it still might not be viewed as a net-positive for bond markets at current levels."..."
	MBS Live Chat - 3:10PM "this is all positioning; this is a telegraphed move by market...."
	MBS Live Chat - 3:12PM "I don't think we necessarily need to decide what it is. There's volatility ahead of major data. We're technically right on the edge of the year's main range and the subsequent "lead-off" range. I think that's a reasonable place to be, even if it's the less pleasant side of that lead-off range from a..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.20%

+0.04

15 Yr FRM

3.31%

+0.02

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.01%

+0.04

5/1 Yr ARM

3.25%

+0.00

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.80%

1.10

+0.13

30 Yr. Fixed

4.67%

1.44

+0.13

MBA **

30 Yr. Fixed

4.31%

0.15

-0.02

15 Yr. Fixed

3.42%

0.06

-0.01

30 Yr. Jumbo

4.23%

0.16

-0.01

30 Yr. FHA

4.04%

-0.45

-0.02

5/1 ARM

3.13%

0.19

-0.01

Freddie Mac **

30 Yr. Fixed

4.12%

0.60

-0.02

15 Yr. Fixed

3.21%

0.50

-0.04

1 Yr. ARM

2.41%

0.40

-0.02

5/1 Yr. ARM

2.96%

0.30

+0.00

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

97-29

-0-16

30YR FNMA 3.5

102-05

-0-14

30YR GNMA 3.0

99-26

-0-14

30YR GNMA 3.5

103-07

-0-12

15YR FNMA 3.0

103-18

-0-07

15YR FNMA 2.5

101-02

-0-09

Treasuries

Yield

Change

2 YR

0.4026%

+0.0119

5 YR

1.6424%

+0.0493

10 YR

2.5967%

+0.0664

30 YR

3.4388%

+0.0689

Prices as of: 6/3/2014 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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