Daily Newsletter: Monday July 11, 2016

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30 Year Fixed

                                                                3.38%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                2.72%
                                                                  
                                                                +0.01

10YR Treasury

                                                                1.43%
                                                                  
                                                                +0.0741

FNMA 30YR 3.5

                                                                105-23
                                                                  
                                                                -0-00

FNMA 15YR 2.5

                                                                104-32
                                                                  
                                                                -0-02

View Today's Rates

Monday July 11, 2016

MND NewsWire - 5:08PM

MBA says Credit Tightened Again in June

Mortgage credit availability appeared to decrease again in June. It was the fourth consecutive month the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI ...

MND NewsWire - 5:06PM

Ginnie Mae Prepay Speeds Outpacing Others

In its "first look" at May mortgage data published last month Black Knight Financial Services noted that the prepayment rate for mortgages, historically a good indicator of refinance ...

Mortgage Rate Watch - 5:10PM

Mortgage Rates Slightly Higher

Mortgage rates moved higher today, but not by very much, considering the amount of movement seen in other corners of financial markets. For instance, 10yr Treasury yields--one of the ...

Pipeline Press - 9:35AM

Thoughts on Wholesale Channel; New Products Including a $6 mln Reverse Mortgage

I certainly see “out of office” replies increase during the summer. But some people seem to take as little vacation as possible, sometimes making those who take time off ...

Latest Video

Cool summer, hot fall for Fed

Fed's George: Rates are too low

There's no yield!: Traders

More News from 'Around the Web'

Market Watch - 5:10PM
Here's where interest rates are headed based on seven Fed policy rules
Market Watch - 3:13PM
Fed moved markets even with its interest-rate tool stuck at zero, study says
CNBC - 3:13PM
Negative rates leading to 'day of reckoning' fear on Wall Street
Reuters - 3:10PM
U.S. bank regulator toughens commercial real estate oversight
www.freddiemac.com - 3:09PM
The New Normal: Servicing in a Post-Crisis World
Calculated Risk Blog - 2:00PM
House Prices to National Average Wage Index
Market Watch - 12:19PM
BOE set to cut rates for the first time in 7 years on Brexit backlash
www.cfpbmonitor.com - 12:18PM
House Financial Services Committee to hold hearing on marketplace lending
Bloomberg - 10:59AM
Where Is the Bottom for Ten-Year Yields? - Bloomberg Video
www.cfpbmonitor.com - 10:14AM
House approves FY 2017 appropriations bill containing curbs on CFPB authority
eyeonhousing.org - 10:13AM
Lots in 2015 are Smallest on Record
www.bkfs.com - 10:13AM
Black Knight's May Mortgage Monitor: Tappable Equity Rose by $260 Billion in Q1 2016
www.builderonline.com - 10:13AM
Bidding Wars Intensify With Simultaneous Offers on Multiple Homes
Calculated Risk Blog - 8:46AM
425,000 Borrowers Out from Underwater on Mortgages in Q1
CNBC - 8:46AM
Mortgage Payments Least Affordable for Low-Income Earners
www.cfpbmonitor.com - 8:46AM
CFPB and DOJ settle fair lending claims involving allegations of redlining, discretionary underwriting and pricing, and overt discrimination

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.38%

+0.01

15 Yr FRM

2.72%

+0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.49%

+0.03

5/1 Yr ARM

2.85%

+0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.37%

1.26

-0.14

30 Yr. Fixed

3.95%

1.30

-0.16

MBA **

30 Yr. Fixed

3.82%

0.34

-0.05

15 Yr. Fixed

3.06%

0.33

-0.07

30 Yr. Jumbo

3.74%

0.31

-0.05

30 Yr. FHA

3.64%

0.25

-0.05

5/1 ARM

2.93%

0.22

+0.02

Freddie Mac **

30 Yr. Fixed

3.41%

0.50

-0.07

15 Yr. Fixed

2.74%

0.40

-0.04

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.68%

0.50

-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

104-02

-0-04

30YR FNMA 3.5

105-23

-0-00

30YR GNMA 3.0

104-21

-0-03

30YR GNMA 3.5

106-08

-0-02

15YR FNMA 3.0

104-32

-0-02

15YR FNMA 2.5

103-24

-0-01

Treasuries

Yield

Change

2 YR

0.6570%

+0.0440

5 YR

1.0247%

+0.0771

10 YR

1.4320%

+0.0741

30 YR

2.1414%

+0.0444

Prices as of: 7/11/2016 4:32PM 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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