Daily Newsletter: Thursday June 12, 2014

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30 Year Fixed

                                                                4.20%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                3.33%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.60%
                                                                  
                                                                -0.0434

FNMA 30YR 3.5

                                                                102-01
                                                                  
                                                                +0-07

FNMA 15YR 2.5

                                                                103-21
                                                                  
                                                                +0-03

View Today's Rates

Thursday June 12, 2014

Mortgage Rate Watch - 3:43PM

Mortgage Rates Improve After Strong Treasury Auction

Mortgage rates made a stronger mover lower today, following a well-received 30yr Treasury auction. Treasury yields don't directly dictate mortgage rates, but MBS (the mortgage-backed ...

MND NewsWire - 2:00PM

For Originators in Q1, Breaking Even was a Win

The Mortgage Bankers Association is reporting a net per-loan loss was suffered by those independent mortgage banks and mortgage subsidiaries of chartered banks which participated in ...

MND NewsWire - 10:57AM

Lenders Invited to Webinar on GFE/TIL Changes

Lenders, settlement agents, and others who are affected by the new TILA-RESPA Integrated Disclosures Rule may wish to note the first in a series of recurring live webinars being conducted ...

MBS Commentary - 7:45AM

MBS Day Ahead: On an Otherwise Barren Week, Today is an Oasis of Potential

So bond markets were supposed to suffer heading into to 2014, and most everyone was wrong. Once everyone got on the same page about being wrong, then bond markets were supposed to supposed ...

Latest Video

McCulley: Bond market is fair

Santelli: Big yield drops

Santelli Exchange: Real cost of federal loans

More News from 'Around the Web'

WSJ - 4:16PM
Experts: Builders' Shift to More Home Construction Might Take 1-2 Years
rss.nytimes.com - 3:55PM
DealBook: Markets Are Restacking the Building Blocks of a Financial Crisis
WSJ - 3:54PM
Fischer Confirmed as Fed's No. 2, Brainard Joins Board
CNBC - 2:59PM
'Cash is still king' in Miami real estate
Bloomberg - 2:58PM
Weidmann Sees Issues With ECB Sovereign Bond Purchases - Bloomberg
WSJ - 2:58PM
WSJ Survey: Economists Pare Down Their Housing Addition
DataQuick - 1:29PM
May Bay Area Home Sale Press Release
Market Watch - 1:27PM
Treasurys extend gains after strong 30-year auction
CNBC - 1:19PM
Weak home sales: It wasn't the weather
Bloomberg - 12:51PM
House Votes to Give Small Business Quicker Tax Writeoffs - Bloomberg
CNN - 11:44AM
CEOs make 296 times more than workers
The Huffington Post - 11:36AM
So How Big Is the Remodeling Market Anyway?
Market Watch - 10:50AM
Markets to Fed: Give us the âdot plot' and go home
freddiemac.mwnewsroom.com - 10:48AM
Freddie Mac Announces June 21 Effort to Help Active and Retired Service Members Buy Homes in North Carolina
freddiemac.mwnewsroom.com - 10:48AM
Fixed Mortgage Rates Move Higher
NAFCU - 9:34AM
CFPB, Fed to hold webcast on TILA-RESPA
WSJ - 9:32AM
New Assurances From Fannie, Freddie on Stuyvesant Town
Reuters - 8:48AM
U.S. jobless claims rise marginally, jobs market recovery intact
CNBC - 8:47AM
US May retail sales up 0.3% vs 0.6% estimate

Today's Comments

	MBS Live Chat - 1:04PM "santelli must be on vacation..."
	MBS Live Chat - 1:04PM "nope, here he is..."
	MBS Live Chat - 1:05PM "A+..."
	MBS Live Chat - 1:05PM "He looked at what MG said...."
	MBS Live Chat - 1:08PM "sweet!! glad to see supply out of the way...let the party began!..."
	MBS Live Chat - 1:12PM "with this site, we will always be ahead of lock desks..."
	MBS Live Chat - 2:33PM "I put out a positive reprice alert for our office at 12:30 central. Our secondary department just did a company wide one minutes ago. Score another point for MBS Live!..."
	MBS Live Chat - 2:44PM "Are we in a death cross? Just kidding...read a headline about that this morning and laughed..."
	MBS Live Chat - 2:51PM "actually, in terms of exponential moving averages, there was a death cross in late may and it would have been undone today if not for today's rally. All that said, death crosses only work when bonds are trending strongly in one direction with only minor corrections in the opposite direction. 2003 for..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.20%

-0.01

15 Yr FRM

3.33%

-0.03

FHA 30 Year Fixed

3.75%

-0.05

Jumbo 30 Year Fixed

4.03%

-0.03

5/1 Yr ARM

3.22%

+0.02

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

4.20%

0.60

+0.06

15 Yr. Fixed

3.31%

0.50

+0.08

1 Yr. ARM

2.40%

0.40

+0.00

5/1 Yr. ARM

3.05%

0.40

+0.12

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

+0-11

30YR FNMA 3.5

102-01

+0-07

30YR GNMA 3.0

100-08

+0-09

30YR GNMA 3.5

103-13

+0-05

15YR FNMA 3.0

103-21

+0-03

15YR FNMA 2.5

101-08

+0-08

Treasuries

Yield

Change

2 YR

0.4350%

+0.0001

5 YR

1.6795%

-0.0164

10 YR

2.5951%

-0.0434

30 YR

3.4109%

-0.0516

Prices as of: 6/12/2014 4:29PM 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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