Mortgage Rates Appreciably Lower After Geopolitical Headlines; Foreclosures Hit Milestone; Housing Starts Break Important Trend

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30 Year Fixed

                                                                4.16%
                                                                  
                                                                -0.05

15 Year Fixed

                                                                3.31%
                                                                  
                                                                -0.04

10YR Treasury

                                                                2.44%
                                                                  
                                                                -0.0883

FNMA 30YR 3.5

                                                                102.50
                                                                  
                                                                +0.41

FNMA 15YR 2.5

                                                                103.42
                                                                  
                                                                +0.20

View Today's Rates

Thursday July 17, 2014

Mortgage Rate Watch - 5:17PM

Mortgage Rates Appreciably Lower After Geopolitical Headlines

Mortgage rates moved more decisively lower today, though not for any stable or happy reasons. Such is often the case with interest rates. As economic conditions worsen or as terrible ...

MND NewsWire - 10:57AM

Foreclosures hit Important Milestone; Concerning Trends in Some States

It has been a long eight years, but foreclosure activity appears to have returned to levels last seen before the housing downturn was born in 2006. RealtyTrac said today that the 2 ...

MND NewsWire - 10:48AM

Housing Starts Fall Enough to Break 3yr Trend of Improvement

All three residential construction indicators fell in June according to the U.S. Census Bureau and the Department of Housing and Urban Development. Housing permits and housing starts ...

MBS Commentary - 5:04PM

MBS RECAP: Market Monotony Broken By Geopolitical Events; Big Rally For Bonds

Today offered a triple or possibly quadruple-whammy for bond markets, almost exclusively in the form of overseas events. The weakest among these was the notion that yesterday's announcement ...

Latest Video

June housing starts drop 9.3%

WFC CEO: Bullish on housing

Santelli Exchange: Economy & housing

More News from 'Around the Web'

Market Watch - 4:11PM
With jumbo mortgages, borrowers in no rush to change
CNBC - 3:49PM
Israel launches Gaza ground offensive
Bloomberg - 2:07PM
Fannie Mae Faces Higher Costs in Risk-Sharing-Debt Sale - Bloomberg
CNBC - 2:07PM
San Francisco median home price hits $1 million
CNBC - 2:05PM
Russia seen facing condemnation
WSJ - 2:02PM
Fed's Bullard: Fed May Need Rate Rises Sooner Rather Than Later'
CNBC - 1:08PM
BofA sees a correction coming in...
CNBC - 12:15PM
Paulson: Buying a home best investment
Reuters - 11:07AM
White House sees labor force dropouts getting back into the game
freddiemac.mwnewsroom.com - 11:06AM
Mortgage Rates Tick Down Slightly
WSJ - 11:06AM
Forecast Says U.S. Home Prices Are Overvalued, Will Peak In 2016
WSJ - 9:46AM
All in the Family Home: Record 57 Million Americans Living in Multi-Generational Households
CNBC - 8:40AM
US claims drop as housing starts plunge
CNBC - 8:30AM
8 big first-time homebuyer mistakes
CNBC - 8:29AM
Foreclosure activity at lowest level in 8 years
CNBC - 8:29AM
Risk aversion on Russia pushes US bonds higher

Today's Comments

	MBS Live Chat - 1:43PM "MG, would you mind expounding on that comment?..."
	MBS Live Chat - 1:46PM "Let's begin by recalling an analogy we sometimes use of the 'Master and the Dog.' The overall momentum in bond markets is like the Master. The best benchmark we have for that is 10yr yields, which is why we talk about them so much. MBS are like the dog (and no, there's no deeper meaning here). The master..."
	MBS Live Chat - 1:46PM "In this analogy, the "leash" is stretchy..."
	MBS Live Chat - 1:47PM "when MBS are underperforming, they're like the dog pulling back reluctantly on the leash. Right now it's pretty stretched. If the master continues to walk forward, it could make for a relatively rapid move forward by the dog...."
	MBS Live Chat - 1:47PM "That's what I meant by "slingshot" if broader markets improve...."
	MBS Live Chat - 1:48PM "conversely, if broader markets lose ground, MBS will have already been lagging behind, and thus potentially not lose ground at the same pace...."
	MBS Live Chat - 1:53PM "thank you MG, that really helped..."
	MBS Live Chat - 1:53PM "MG so timely just shared analogy w/client who inquired about 10yr/MBS relationship..."
	MBS Live Chat - 1:55PM "Still don't trust this rally just yet. Need some follow through IMO. I think for short timers it's a lock opportunity...."
	MBS Live Chat - 1:56PM "yeah, it's still pretty sudden. And just because MBS are better positioned to soak up weakness doesn't mean a run to 2.66 in Treasuries wouldn't hurt..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.16%

-0.05

15 Yr FRM

3.31%

-0.04

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.00%

-0.06

5/1 Yr ARM

3.22%

-0.03

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

4.13%

0.60

-0.02

15 Yr. Fixed

3.23%

0.50

-0.01

1 Yr. ARM

2.39%

0.40

-0.01

5/1 Yr. ARM

2.97%

0.40

-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

98.72

+0.52

30YR FNMA 3.5

102.50

+0.41

30YR GNMA 3.0

100.73

+0.39

30YR GNMA 3.5

103.73

+0.47

15YR FNMA 3.0

103.42

+0.20

15YR FNMA 2.5

101.13

+0.27

Treasuries

Yield

Change

2 YR

0.4516%

-0.0363

5 YR

1.6200%

-0.0776

10 YR

2.4440%

-0.0883

30 YR

3.2620%

-0.0779

Prices as of: 7/17/2014 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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