Daily Newsletter: Tuesday July 15, 2014

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30 Year Fixed

                                                                4.20%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.34%
                                                                  
                                                                +0.04

10YR Treasury

                                                                2.55%
                                                                  
                                                                +0.0055

FNMA 30YR 3.5

                                                                102-03
                                                                  
                                                                -0-03

FNMA 15YR 2.5

                                                                103-16
                                                                  
                                                                -0-03

View Today's Rates

Tuesday July 15, 2014

Mortgage Rate Watch - 3:26PM

Mortgage Rates Continue Higher After Yellen Testimony

Mortgage rates moved slightly higher again today . Fed Chair Janet Yellen provided her semi-annual testimony to the Senate Banking Committee this morning. The financial markets that ...

MND NewsWire - 4:52PM

Affordability is the big Challenge for Housing

The rule of thumb for household budgeting is that no more than 30 percent of income should go toward housing; more constitutes a cost-burdened household and spending more than 50 percent ...

Pipeline Press - 10:18AM

Differences Between Broker and Mini-Corr; Jumbo Deals; Lender Financing Alternatives

Some of the big topics here at the CMBA Western Secondary conference are margins, compensation, and compliance. Reports show that bank tellers earned an average of $25k in 2012 and ...

MBS Commentary - 12:36PM

MBS MID-DAY: Yellen Testimony Brings Volatility, but No New Momentum

As expected, today's congressional testimony from Fed Chair Yellen was, by far, the biggest market mover in the room. The volume and movement at 10am dwarfed that of the 8:30am Retail ...

Rental Market Stabilizing but Renter Profile is Changing

Latest Video

Yellen on ending QE & raising rates

Yellen guiding markets?

Janet Yellen: Inflation up, still below FOMC's 2% target

More News from 'Around the Web'

CNBC - 4:32PM
Democrats AND Republicans are wrong
Reuters - 4:09PM
JPMorgan pulls back from mortgage lending on foreclosure worries
House Financial Services - 3:15PM
Financial Services Committee Fires Back on CFPB Renovation Article
CNBC - 1:38PM
"We Don't Like The Bond Market"
DataQuick - 1:37PM
June Southland Home Sale Press Release
webfeeds.brookings.edu - 12:10PM
The Economics of Marriage, and Family Breakdown
Bloomberg - 12:10PM
Yellen Says Unemployment Causes 'Psychological Trauma' - Bloomberg
WSJ - 10:41AM
Yellen, Fed Still Worried About Slowdown in Housing Recovery
Reuters - 10:22AM
Fed's Yellen says U.S. recovery incomplete, defends loose policy
WSJ - 10:22AM
Quit My Job? At My Age? In This Industry?
CNBC - 9:22AM
Looks like Fed wants even more power
CNBC - 9:22AM
US retail sales driven lower by weak auto sales
WSJ - 9:20AM
Yellen Could Get Quizzed This Week on Legislation Aimed at the Fed
Market Watch - 9:19AM
J.P. Morgan shares rise premarket on better-than-expected earnings
Market Watch - 9:19AM
Bond Report: Treasurys fall after stronger economic data

Today's Comments

	MBS Live Chat - 9:17AM "Anyone else seeing clients hours cut vs layoffs? I have a loan closing Thur that almost wasn't. Due to seniority at the hospital someone moved to her department and forced a bump. Her and a co-worker literally had to go in to the back room to flip a coin to see who's hours were getting reduced from 40..."
	MBS Live Chat - 2:51PM "im looking at a long term range of 2.43-2.65 and short term of 2.61-2.51 does that sound about right MG?..."
	MBS Live Chat - 2:55PM "depends what you're wanting your boundaries to represent. Definitely 2.66 is important on the high end. On the bullish side, there are more choices. 2.47 and 2.40 are long-term and fairly epic. But some people look at 2.47-2.51 as "2.5" and call it good. In general, it's hard to argue with that stance..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.20%

+0.03

15 Yr FRM

3.34%

+0.04

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.05%

+0.04

5/1 Yr ARM

3.25%

+0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.56%

1.13

-0.10

30 Yr. Fixed

4.37%

1.39

-0.16

MBA **

30 Yr. Fixed

4.32%

0.16

+0.04

15 Yr. Fixed

3.40%

0.22

-0.02

30 Yr. Jumbo

4.24%

0.16

-0.02

30 Yr. FHA

4.02%

-0.03

+0.03

5/1 ARM

3.40%

0.22

-0.02

Freddie Mac **

30 Yr. Fixed

4.15%

0.70

+0.03

15 Yr. Fixed

3.24%

0.60

+0.02

1 Yr. ARM

2.40%

0.40

+0.02

5/1 Yr. ARM

2.99%

0.40

+0.01

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

-0-03

30YR FNMA 3.5

102-03

-0-03

30YR GNMA 3.0

100-09

0-00

30YR GNMA 3.5

103-07

-0-05

15YR FNMA 3.0

103-16

-0-03

15YR FNMA 2.5

101-08

-0-03

Treasuries

Yield

Change

2 YR

0.4799%

+0.0200

5 YR

1.6909%

+0.0198

10 YR

2.5504%

+0.0055

30 YR

3.3707%

+0.0009

Prices as of: 7/15/2014 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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