Daily Newsletter: Thursday July 24, 2014

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30 Year Fixed

                                                                4.20%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                3.33%
                                                                  
                                                                +0.04

10YR Treasury

                                                                2.51%
                                                                  
                                                                +0.0397

FNMA 30YR 3.5

                                                                102-03
                                                                  
                                                                -0-12

FNMA 15YR 2.5

                                                                103-07
                                                                  
                                                                -0-05

View Today's Rates

Thursday July 24, 2014

Mortgage Rate Watch - 4:10PM

Mortgage Rates Rise at Fastest Pace in Weeks

Mortgage rates moved higher today at the fastest pace since July 3rd as bond markets began backing away from more anxious levels associated with last week's geopolitical headlines. ...

MND NewsWire - 3:23PM

Housing Market Sending Mixed Signals -Freddie Mac

Freddie Mac said today that its Multi-Indicator Market Index or MiMi for May is sending out mixed signals to the housing market. While more markets entered their stable range of housing ...

MND NewsWire - 11:24AM

New Home Sales Decline from Downgraded May Numbers

New homes sales retreated in June from the very strong performance reported for May; a performance that turns out to have been less strong. A joint release from the Census Bureau and ...

MBS Commentary - 3:59PM

MBS RECAP: Week's Monotonous Trend Broken as Bond Markets Slide

For the past 4 sessions, bond markets have traded a narrow range near their best levels of the year. This effectively began with the geopolitical risk rally on the 17th. It's not entirely ...

Latest Video

Santelli Exchange: Faux housing recovery

Home prices too high?

Zillow seeking acquisition of Trulia: Report

More News from 'Around the Web'

House Oversight - 3:40PM
Oversight Requests Justice Department Documents on Mortgage-Backed Securities Settlements
webfeeds.brookings.edu - 3:39PM
Why Easing Education Debt Won't Necessarily Help the Economy
The Big Picture - 3:02PM
States with the Most Negative Equity in Residential Real Estate
NAFCU - 3:02PM
CFPB proposes changes to HMDA reporting
Business Week - 2:25PM
Zillow Said to Be Seeking to Buy Rival Real-Estate Site Trulia
Market Watch - 2:11PM
Greenspan says bubbles can't be stopped without crunch'
CNBC - 2:02PM
Sodastream trader makes 3000% profit
Washington Post - 2:02PM
Wonkblog: These two charts explain why it's unusually tough right now to find a newly built home
Bloomberg - 2:02PM
Blackstone Said to Prepare $700 Million Sale of Home Debt - Bloomberg
CNN - 12:58PM
Global economy still limping along
National Housing Conference - 12:54PM
Fair Housing and the Data Paradox
Google News - 11:21AM
Settling debts with other people's money: Use of investor funds in lender settlements
Bloomberg - 11:21AM
JPMorgan Seen Facing Bigger Fight With Mortgage Investors - Bloomberg
SEC - 11:21AM
Morgan Stanley to Pay $275 Million for Misleading Investors in Subprime RMBS Offerings
CNBC - 10:32AM
New home sales throw cold water on jobless party
WSJ - 10:31AM
Standards are Tighter, Sure. But is It Really That Hard to Get A Mortgage?
freddiemac.mwnewsroom.com - 10:21AM
Mortgage Rates Remain Near Year's Low
Reuters - 9:06AM
Jobless claims fall to lowest level since early 2006
Bloomberg - 9:04AM
D.R. Horton Earnings Fall as Company Incurs Impairment Charges - Bloomberg
www.npr.org - 9:03AM
How High Debt From The Housing Collapse Still Stifles Our Economy

Today's Comments

	MBS Live Chat - 11:20AM "anyone have a quick link for agency jumbo matrix..."
	MBS Live Chat - 11:45AM "http://mndne.ws/Oz02he..."
	MBS Live Chat - 11:46AM "hi balance is on pg 6..."
	MBS Live Chat - 12:18PM "question - i have a self employed borrower who is refusing to provide his business returns. says that all the info we need is on his personal returns. i know that he owns more than 25%, is there any way around not having to get them? I cant think of anything so figured I would throw it out there...."
	MBS Live Chat - 12:21PM "BB, yes but good luck getting an UW to go along with it today..."
	MBS Live Chat - 12:21PM "Fannie Mae Seller Guide B3-3.2-01..."
	MBS Live Chat - 12:21PM "The lender may verify a self-employed borrower’s employment and income by obtaining from the borrower copies of his or her signed federal income tax returns (both individual returns and business returns) that were filed with the IRS for the past two years (with all applicable schedules attached). Alternatively..."
	MBS Live Chat - 12:28PM "fair game or not cool? Greenlight loans sends my client an email two hours after I order the online payoff from Nationstar stating they received his payoff request and will be calling him within 24 hours to discuss financing needs..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.20%

+0.04

15 Yr FRM

3.33%

+0.04

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.04%

+0.04

5/1 Yr ARM

3.23%

+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

+0.00

15 Yr. Fixed

3.26%

0.60

+0.03

1 Yr. ARM

2.39%

0.40

+0.00

5/1 Yr. ARM

2.99%

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

98-07

-0-13

30YR FNMA 3.5

102-03

-0-12

30YR GNMA 3.0

100-06

-0-11

30YR GNMA 3.5

103-02

-0-11

15YR FNMA 3.0

103-07

-0-05

15YR FNMA 2.5

100-31

-0-05

Treasuries

Yield

Change

2 YR

0.4919%

+0.0204

5 YR

1.6995%

+0.0514

10 YR

2.5052%

+0.0397

30 YR

3.2971%

+0.0359

Prices as of: 7/24/2014 4:29PM 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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