Daily Newsletter: Monday July 21, 2014

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30 Year Fixed

                                                                4.15%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                3.30%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.47%
                                                                  
                                                                -0.0144

FNMA 30YR 3.5

                                                                102-15
                                                                  
                                                                +0-02

FNMA 15YR 2.5

                                                                103-11
                                                                  
                                                                -0-00

View Today's Rates

Monday July 21, 2014

MND NewsWire - 2:24PM

Home Prices to Level Off and Reverse Course Within 2 Years - Analysts

Two Bank of America Merrill Lynch (BAML) analysts are defending what they call their big high conviction views for what should happen in the housing world over the next two years. Chris ...

Mortgage Rate Watch - 4:18PM

Mortgage rates Steady to Slightly Lower

Mortgage rates moved just barely lower in most cases today, though some lenders were unchanged or slightly higher. It was a slow start to the week as far it concerns the financial markets ...

MBS Commentary - 7:33AM

MBS Week Ahead: Limited Data This Week, but Several Housing-Related Reports; Following Week is BIG

In many ways, the current week will serve as a prelude to the following week, which is exceptionally packed with big-ticket events . From Wednesday to Friday (next week), we'll get ...

Pipeline Press - 9:47AM

Home Value Forecasts; Non-QM and Non-Performing Loan Price Action; CMLA on FHFA OIG Report

What can you buy on minimum wage? Well, I guess that's a relative question; relative to a number of factors such as where you live, your current monthly expenses, and savings rate; ...

Latest Video

Single housing market continues slump

Market reaction to geopolitics surprising: Strategist

Dodd-Frank: Four years later

More News from 'Around the Web'

www.npr.org - 4:58PM
GOP Marks Dodd-Frank's 4th Birthday With Calls For Repeal
Bloomberg - 4:54PM
Treasury 10-Year Yields May Slide on Ukraine, FTN's Vogel Says - Bloomberg
National Housing Conference - 4:07PM
What's next in housing and transportation cost research?
CNBC - 2:38PM
Slow wage growth for new college grads
www.cfpbmonitor.com - 12:15PM
House to hold hearing on impact of Dodd-Frank Act
Google News - 12:06PM
Is residual income the key to the superior performance of VA loans?
WSJ - 10:37AM
More Firms Are Handing Out Pay Raises, NABE Survey Finds
www.bloombergview.com - 9:55AM
The Inflation Truther Crank Index
Market Watch - 9:53AM
Bond Report: Treasury yield curve again flattest in five years
Market Watch - 9:20AM
Economic growth slows a bit in June, national activity index shows
www.ourbroker.com - 9:17AM
Should Real Estate Drones Be Banned?
blog.redfin.com - 8:34AM
4 Low-Cost Remodels That Increase Home Value
Market Watch - 8:31AM
El-Erian: 'Notable complacency' over geopolitical risks
Market Watch - 8:28AM
4 ways buyers can fight mortgage information overload
Bloomberg - 8:28AM
Dimon's Threat to Quit FHA Seen as Pressure Move on Rules - Bloomberg
WSJ - 8:28AM
Why the World Still Loves U.S. Treasury Debt

Today's Comments

	MBS Live Chat - 12:24PM "MG- Perspective- Best price this year on the 3.5?..."
	MBS Live Chat - 12:28PM "103-14..."
	MBS Live Chat - 12:29PM "Thanks... Based on lender pricing- Feels closer than that......"
	MBS Live Chat - 12:33PM "Yeah, I think that's because we're fairly near the 'stably held' highs of the year whereas the absolute highs were more spiky and brief. Should be easy to see by expanding chart to a 6-month view and using candlesticks to see each day's trading range...."
	MBS Live Chat - 12:49PM "MG do you lend more credence to the closing price or intraday high or low? Seems like the latter? Thoughts..."
	MBS Live Chat - 12:53PM "neither really. In general, I think closing price gets more credence from the analytical community..."
	MBS Live Chat - 3:28PM "VA IRRL question for anybody...does the P&I have to have a 5% payment reduction, like a FHA loan?..."
	MBS Live Chat - 3:33PM "Tony, IRRL just can't have a PI increase of more than 20%, or else Vet has to Credit Qualify...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.15%

-0.01

15 Yr FRM

3.30%

-0.01

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.99%

-0.01

5/1 Yr ARM

3.21%

+0.00

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

98-21

+0-02

30YR FNMA 3.5

102-15

+0-02

30YR GNMA 3.0

100-18

+0-02

30YR GNMA 3.5

103-17

+0-04

15YR FNMA 3.0

103-11

-0-00

15YR FNMA 2.5

101-01

+0-02

Treasuries

Yield

Change

2 YR

0.4919%

+0.0081

5 YR

1.6795%

+0.0116

10 YR

2.4692%

-0.0144

30 YR

3.2588%

-0.0317

Prices as of: 7/21/2014 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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