Daily Newsletter: Friday June 20, 2014

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30 Year Fixed

                                                                4.18%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.33%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.61%
                                                                  
                                                                -0.0198

FNMA 30YR 3.5

                                                                102-12
                                                                  
                                                                +0-07

FNMA 15YR 2.5

                                                                103-16
                                                                  
                                                                +0-01

View Today's Rates

Friday June 20, 2014

Mortgage Rate Watch - 3:38PM

Mortgage Rates Now Lower Than a Year Ago

Mortgage rates moved modestly lower again today. While that leaves them a bit higher than the best rates of this year, it enables an important year-over-year milestone. On June 20th ...

MND NewsWire - 12:35PM

Purchase Originations Gaining on Refis Despite Lower Rates

The balance between loans originated for purchase and for refinancing shifted further toward the purchase side in May according to the Ellie Mae Origination Insight Report. The 33 percent ...

MND NewsWire - 11:31AM

CFPB Webinar Begins Clarifying TILA-RESPA Questions

As we noted last week the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve have scheduled a series of web seminars on implementation of the final TILA-RESPA Integrated ...

Pipeline Press - 9:45AM

FHLBs Moratorium on Captive Insurers; CFPB Under Fire; Basel III Delay?

"Affordability remains a hotly debated topic, especially when considering both rent affordability and mortgage affordability," or so says Zillow. Mortgage rates may very well be on ...

Latest Video

Rental market alive & well

Making a move for less

Why Wells Fargo's top strategist is still bearish

More News from 'Around the Web'

time.com - 4:41PM
Stocks Hit Record Highs
The Huffington Post - 4:41PM
Jed Kolko: International House Hunters Shifting from Vacation Areas to Urban Neighborhoods
time.com - 2:34PM
Bank Of America Wants Meeting With Attorney General Holder
WSJ - 2:34PM
The Fed's Never-Ending Downward Growth Revisions
CNBC - 2:20PM
Apartments fill as rental demand keeps on surging
Bloomberg - 2:20PM
Austin Metro Area Was Fastest-Growing in 2013, Mayors Say - Bloomberg
www.freddiemac.com - 1:33PM
Freddie Updates Student Loan Requirements and More in Guide Bulletin
WSJ - 1:02PM
Student Debt Is Hurting Homeownership For Blacks More than Whites
CNBC - 1:01PM
SEC: Technology not helping bond investors
Bloomberg - 11:45AM
JPMorgan Said to Plan Sale of $304 Million Mortgage Bonds - Bloomberg
CNBC - 11:45AM
Pros: Two-year tenure for Yellen?
CNBC - 10:47AM
Fewer Americans blame poverty on poor
Market Watch - 10:44AM
Bond Report: Bonds eye third weekly loss as Fed resets views
CNBC - 10:35AM
How to avoid 'rogue' movers
CNBC - 9:20AM
Fed has it wrong: Strategist
Bloomberg - 8:48AM
Housing Falters as Forecasters See US Sales Dropping - Bloomberg
Reuters - 8:47AM
BofA asks Holder to meet with its CEO -sources

Today's Comments

	MBS Live Chat - 9:11AM "if the quadruple witching were to cause volatility, when would we see those effects?..."
	MBS Live Chat - 9:12AM "absolutely no way to predict AP. Could be any time, but greatest possibility before 3pm ET..."
	MBS Live Chat - 9:12AM "I'd say (and just did) that we're already seeing some..."
	MBS Live Chat - 12:12PM "One more complaint, why do we have to provide a homeowners counseling list. My borrower makes $600k per year and I have to give them a list of 10 counseling agencies where they are going to be counseled by someone making $25Kper year on how to manage their money. How dumb is that?..."
	MBS Live Chat - 12:12PM "What a tug-a-war :) trend is your friend.. look for better pricing on this downslide....."
	MBS Live Chat - 12:15PM "You are right MG Flagstar secondary has an itchy trigger finger both ways I guess..."
	MBS Live Chat - 12:16PM "And safely back in the range..."
	MBS Live Chat - 12:47PM "Some good stuff in the new Freddie bulletin: http://mndne.ws/UUURLC..."
	MBS Live Chat - 1:02PM "thx TR...like the increase from 25% to 50% of total qualifying income for large deposit verifis..."
	MBS Live Chat - 1:03PM "yeah, the 2% for student loans is nice too...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.18%

-0.02

15 Yr FRM

3.33%

+0.00

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.00%

-0.02

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

4.17%

0.60

-0.03

15 Yr. Fixed

3.30%

0.50

-0.01

1 Yr. ARM

2.41%

0.40

+0.01

5/1 Yr. ARM

3.00%

0.40

-0.05

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

98-04

+0-06

30YR FNMA 3.5

102-12

+0-07

30YR GNMA 3.0

100-10

+0-09

30YR GNMA 3.5

103-17

+0-07

15YR FNMA 3.0

103-16

+0-01

15YR FNMA 2.5

101-04

+0-03

Treasuries

Yield

Change

2 YR

0.4602%

+0.0045

5 YR

1.6854%

+0.0003

10 YR

2.6080%

-0.0198

30 YR

3.4362%

-0.0340

Prices as of: 6/20/2014 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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