Daily Newsletter: Tuesday July 8, 2014

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30 Year Fixed

                                                                4.20%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.34%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.56%
                                                                  
                                                                -0.0544

FNMA 30YR 3.5

                                                                102-11
                                                                  
                                                                +0-07

FNMA 15YR 2.5

                                                                103-16
                                                                  
                                                                +0-02

View Today's Rates

Tuesday July 8, 2014

Mortgage Rate Watch - 3:10PM

Mortgage Rates Move Lower, Keeping Range Intact

Mortgage rates improved today . The bonds that most directly affect rates got a boost from stock market weakness and ongoing European bond market strength. Today's drop in rates is ...

MND NewsWire - 10:51AM

Foreclosures up Again in May, but Annual Counts Still Falling

Even as various indicators of foreclosure activity continue to tumble from their year ago levels, they still tend to bounce up and down from month to month. CoreLogic today said that ...

Pipeline Press - 10:23AM

Why You Don't Want CFPB Handling Your Remodel; ECOA/HMDA Review Types

What has the CFPB been up to lately? For starters, remember that the Consumer Financial Protection Bureau's funding comes not from Congress but from the Federal Reserve. The reasons ...

MBS Commentary - 7:42AM

MBS Day Ahead: Surprisingly Enough, Still Fighting to Hold the Range

"The range" is admittedly an overused term, and it requires constant contextual clarification. While various examples offer convenient connections between MBS and Treasuries, it's the ...

Latest Video

Swanky student housing

Modern student housing play

Fed's Lacker: Growth over 3% unlikely in near future

More News from 'Around the Web'

CNBC - 4:04PM
Kocherlakota: Inflation data temporary
Reuters - 2:50PM
Fed's Yellen to appear before Senate Banking Committee on July 15
WSJ - 2:50PM
Fed's Kocherlakota: It Could Take 4 Years to Get Back to 2% Inflation
WSJ - 2:49PM
Obama Administration Tries To Rebuild Momentum In Stalling Mortgage Programs
Reuters - 2:47PM
Wells Fargo loses latest bid to end L.A. discrimination suit
CFPB - 1:23PM
CFPB Clarifies Mortgage Lending Rules to Assist Surviving Family Members
WSJ - 11:41AM
Job Openings Rise to 7-Year High, but Hiring Notches Scant Gains
Market Watch - 10:34AM
Bond Report: Treasurys jump ahead of 3-year auction
CNBC - 10:34AM
Foreign real estate deals at record high
CNBC - 10:34AM
Investors get schooled in housing
CNBC - 10:25AM
Why investors can still count on the Fed: El-Erian
CNN - 8:57AM
House hunting? Download these apps first
CNBC - 8:55AM
US Treasurys tick higher, FOMC minutes in focus
WSJ - 8:54AM
Picking the Right Mortgage
CNBC - 8:54AM
Are markets seeing a boom or bubble?
Bloomberg - 8:54AM
China Said to Tell Carriers to Cut Marketing Costs - Bloomberg

Today's Comments

	MBS Live Chat - 1:32PM "what is the short sale seasoning change? yesterday i just had a customer want to get prequal'd with one a few years back..."
	MBS Live Chat - 1:33PM "Deed-in-lieu of Foreclosure and Preforeclosure Sale Message Updates The waiting period requirements for borrowers who have had a previous deed-in-lieu of foreclosure or preforeclosure sale are being updated to now require a four-year waiting period; though a two-year waiting period will be permitted..."
	MBS Live Chat - 1:34PM "for Short Sale. Changing to 4..."
	MBS Live Chat - 1:34PM "yeah, so basically its 4 years because no one does extenuating circumstances..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.20%

-0.03

15 Yr FRM

3.34%

-0.02

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.04%

-0.04

5/1 Yr ARM

3.22%

-0.01

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

4.12%

0.50

-0.02

15 Yr. Fixed

3.22%

0.50

+0.00

1 Yr. ARM

2.38%

0.40

-0.02

5/1 Yr. ARM

2.98%

0.40

+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

98-10

+0-11

30YR FNMA 3.5

102-11

+0-07

30YR GNMA 3.0

100-11

+0-12

30YR GNMA 3.5

103-12

+0-05

15YR FNMA 3.0

103-16

+0-02

15YR FNMA 2.5

101-04

+0-04

Treasuries

Yield

Change

2 YR

0.5079%

-0.0080

5 YR

1.6940%

-0.0395

10 YR

2.5612%

-0.0544

30 YR

3.3782%

-0.0623

Prices as of: 7/8/2014 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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