Daily Newsletter: Wednesday July 2, 2014

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30 Year Fixed

                                                                4.18%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                3.33%
                                                                  
                                                                +0.04

10YR Treasury

                                                                2.63%
                                                                  
                                                                +0.0599

FNMA 30YR 3.5

                                                                102-06
                                                                  
                                                                -0-10

FNMA 15YR 2.5

                                                                103-17
                                                                  
                                                                -0-06

View Today's Rates

Wednesday July 2, 2014

Mortgage Rate Watch - 5:36PM

Mortgage Rates Rise as Data Fuels Fears for Tomorrow

Mortgage rates moved higher today , once again at faster pace than most of the recent movement higher or lower. The weakness in mortgage markets owes itself partly to the way in which ...

MND NewsWire - 8:54AM

Little Change in Mortgage Apps Despite Lower Rates

Even as mortgage interest rates retreated across the board last week Mortgage application volume remained essentially unchanged . The Mortgage Bankers Association (MBA) reports that ...

Pipeline Press - 10:10AM

Non-Bank Servicers Under the Microscope - Who Will Service Loans?; HELOC Problems Ahead?

In July 1776, the estimated number of people living in the newly independent nation was 2.5 million. (Nowadays, this is approximately the number of people on the freeway in Atlanta ...

MBS Commentary - 12:17PM

MBS MID-DAY: Almost Perfectly Flat After ADP-Inspired Sell-Off

Referring to the morning's weakness as exclusively "ADP-inspired" is a bit of an overstatement . Bond markets have generally been trading in the direction of broad-scale "quarter-end ...

Latest Video

Santelli Exchange: Disappearing jobs

Pimco's one big idea: The 'new neutral'

ADP private sector employment up 281,000 in June

More News from 'Around the Web'

CNBC - 5:34PM
DOJ finalizing suit against Citigroup over mortgage-backed securities
freddiemac.mwnewsroom.com - 5:34PM
Freddie Mac Reduces Taxpayer Exposure With $285 Million Credit Risk Insurance Policies
Google News - 5:34PM
Move over, Freddie Mac: Ginnie Mae will be number 2 soon
CNBC - 2:22PM
Can the Fed and Janet Yellen control bubbles?
Washington Post - 1:20PM
Nevermind the headlines, tomorrow's jobs report is all about discouraged workers
www.firstam.com - 1:17PM
Property Valuation Fraud Risk Up Nationwide
Washington Post - 1:17PM
The way for regulators to hit a bank where it hurts: a ban from markets
CNBC - 11:46AM
Yellen: Seeing pockets of increased risk-taking
Reuters - 10:38AM
U.S. factory orders hurt by defense; investment appetite positive
House Financial Services - 10:37AM
CFPB Renovation Costs Now Exceed $215 Million - $120 Million More Than Previous Estimate
WSJ - 9:04AM
Rise in Partisan Conflict is a Drag on the U.S. Economy
Reuters - 9:03AM
U.S. private sector adds 281,000 jobs in June: ADP
www.gallup.com - 9:02AM
U.S. Job Creation Index Holds at Six-Year High in June
www.gallup.com - 9:02AM
U.S. Payroll to Population Rate Rises to 45.0% in June
WSJ - 9:01AM
Yellen and Lagarde Take Stock of Lessons from Crises Past
www.npr.org - 8:28AM
For Sale: Vacant Lots On Chicago Blocks, Just $1 Each
CNBC - 8:26AM
Summer surge: Private sector jobs jump, ADP says
CNBC - 8:24AM
UK house prices pass pre-crisis peak
CNBC - 8:23AM
Mortgage volume remains stuck despite lower rates

Today's Comments

	MBS Live Chat - 9:05AM "market isn't giving ADP as much credit as year's past..."
	MBS Live Chat - 9:10AM "Let's hope we don't get a 300K Jobs print tomorrow. In any case, I locked em up yesterday to be safe...."
	MBS Live Chat - 9:10AM "Gm, all. 281k? Where are they all? Anyone hearing if a lot of hiring? I'm hearing of hour reductions to reduce layoffs more than hiring lately. But curious what others hear on the street...."
	MBS Live Chat - 1:01PM "i think short term better be lock..."
	MBS Live Chat - 1:05PM "short term lock was yesterday, prior to ADP print..."
	MBS Live Chat - 1:06PM "or better yet, Monday, when I said "anything after today is increasingly risky with the start of July tradeflows" or some such thing...."
	MBS Live Chat - 1:07PM "i locked two Monday, but i couldn't pull the trigger on the others until yesterday. i appreciated the nudge, nonetheless, MG..."
	MBS Live Chat - 1:07PM "you nailed it..."
	MBS Live Chat - 1:07PM "meh... I get lucky sometimes. Lock/float should only ever be an intraday decision...."
	MBS Live Chat - 1:11PM "call us lucky, but we all invest in this site, which keeps us informed to better maneuver this market for our clients..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.18%

+0.04

15 Yr FRM

3.33%

+0.04

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.04%

+0.05

5/1 Yr ARM

3.23%

-0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.66%

1.16

-0.01

30 Yr. Fixed

4.53%

1.31

+0.02

MBA **

30 Yr. Fixed

4.33%

0.18

-0.03

15 Yr. Fixed

3.47%

0.19

-0.03

30 Yr. Jumbo

4.28%

0.12

-0.04

30 Yr. FHA

4.03%

-0.38

-0.04

5/1 ARM

3.23%

0.27

+0.03

Freddie Mac **

30 Yr. Fixed

4.14%

0.50

-0.03

15 Yr. Fixed

3.22%

0.50

-0.08

1 Yr. ARM

2.40%

0.40

-0.01

5/1 Yr. ARM

2.98%

0.30

-0.02

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

97-30

-0-12

30YR FNMA 3.5

102-06

-0-10

30YR GNMA 3.0

100-06

-0-05

30YR GNMA 3.5

103-07

-0-08

15YR FNMA 3.0

103-17

-0-06

15YR FNMA 2.5

101-02

-0-07

Treasuries

Yield

Change

2 YR

0.4882%

+0.0197

5 YR

1.7086%

+0.0525

10 YR

2.6264%

+0.0599

30 YR

3.4617%

+0.0651

Prices as of: 7/2/2014 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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