New Housing Normal; Pent-up Supply and Demand; Small Lenders Increased Selling to GSEs a Double-Edged Sword; Rates Steady Despite Market Losses

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30 Year Fixed

                                                                4.16%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.31%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.48%
                                                                  
                                                                +0.0396

FNMA 30YR 3.5

                                                                102.41
                                                                  
                                                                -0.09

FNMA 15YR 2.5

                                                                103.33
                                                                  
                                                                -0.09

View Today's Rates

Friday July 18, 2014

MND NewsWire - 2:40PM

New Housing Normal; Pent-up Supply and Demand

While he has written about some of the elements in the past, Mark Fleming neatly summed up the current state of housing's supply and demand constraints in the latest edition of CoreLogic ...

MND NewsWire - 11:06AM

Small Lenders Increased Selling Directly to GSEs a Double-Edged Sword

The Federal Housing Finance Agency's Office of Inspector General (FHFA OIG) has released an evaluation of Fannie Mae's and Freddie Mac's (the GSEs) increased recent level of purchases ...

Mortgage Rate Watch - 3:11PM

Mortgage Rates Hold Steady Despite Market Weakness

Mortgage rates managed to hold their ground today. Some lenders were even in slightly better shape, though there was no change on average. That's somewhat interesting considering the ...

MBS Commentary - 7:31AM

MBS Day Ahead: Basically Just Waiting on Geopolitical Risk; Dangerous Game for Bonds

Although economic data had some small role to play in yesterday's strong bond market rally, the day was really all about geopolitical risk. If we've learned anything about geopolitical ...

Latest Video

The state of regional banks

Phoenix's rough housing recovery

Consumer sentiment index 81.3

More News from 'Around the Web'

CNN - 3:41PM
Retirement accounts hold record balances
CNBC - 2:26PM
Miami mansion boom rages on
CNBC - 2:26PM
Investors are getting rid of risk
CNBC - 2:26PM
The 40-hour workweek is done
Bloomberg - 1:01PM
Treasury Asks Dealers If It Should Sell Bonds Above 30 Years - Bloomberg
Bloomberg - 11:57AM
In Bond Market Musical Chairs, Be Ready for Bids Halting - Bloomberg
CNBC - 11:57AM
Bigger worry than geopolitics? The Fed
CNBC - 10:04AM
August consumer mood dips in July
CNBC - 8:16AM
New EU Russia sanctions?
Reuters - 8:15AM
Ukraine unrest, Gaza keep pressure on shares, bonds steady
blog.redfin.com - 8:14AM
Four Reasons the Housing Market Could Improve in the Second Half of 2014

Today's Comments

	MBS Live Chat - 7:48AM "I agree with MG's post. today you will have buying today ahead of the weekend for safety. But, next week could be a snap back selloff too...."
	MBS Live Chat - 9:37AM "UW question: Condo purchase, Conv financing, 80% LTV, 808 credit, 183 units BUT 30% owned by investment group. Who will finance this loan?..."
	MBS Live Chat - 9:38AM "first rate sheet of the day. basically no change..."
	MBS Live Chat - 10:21AM "josh that should be fairly easy. at 80% you need a full review which is appraisal, condo questionnaire, budget, condo docs insurance, the max number of investment units is 49% on conventional for exisiting complexes..."
	MBS Live Chat - 10:22AM "JO, is there a specified reason the group owns the 30%. We have an investment condo in Chicago that the builder was required to keep 30% for rentals in a redeveloping neighborhood, it was part of the agreement with the city. Fannie approves the condos, on a case by case basis, if documented...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.16%

+0.00

15 Yr FRM

3.31%

+0.00

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.00%

+0.00

5/1 Yr ARM

3.21%

-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

4.13%

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

98.56

-0.16

30YR FNMA 3.5

102.41

-0.09

30YR GNMA 3.0

100.50

-0.23

30YR GNMA 3.5

103.42

-0.31

15YR FNMA 3.0

103.33

-0.09

15YR FNMA 2.5

100.98

-0.14

Treasuries

Yield

Change

2 YR

0.4797%

+0.0281

5 YR

1.6663%

+0.0463

10 YR

2.4836%

+0.0396

30 YR

3.2914%

+0.0294

Prices as of: 7/18/2014 4:04PM 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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