Daily Newsletter: Monday July 28, 2014

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30 Year Fixed

                                                                4.20%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                3.33%
                                                                  
                                                                +0.01

10YR Treasury

                                                                2.49%
                                                                  
                                                                +0.0216

FNMA 30YR 3.5

                                                                102-12
                                                                  
                                                                -0-01

FNMA 15YR 2.5

                                                                103-12
                                                                  
                                                                -0-01

View Today's Rates

Monday July 28, 2014

MND NewsWire - 11:13AM

Zillow to Acquire Trulia; both Companies to Maintain Course

Zillow, the Seattle based company which started out in the mid-2000s as a website where one could check on one's own and one's neighbor's property values and has grown to a large on ...

MND NewsWire - 2:54PM

CFPB Seeks to Modify HMDA Data Collection; Raises Privacy Concerns

Public comments are being requested a a new proposed rule for collecting data under the Home Mortgage Disclosure Act (HMDA). The Consumer Financial Protection Bureau (CFPB) said the ...

MND NewsWire - 10:40AM

Pending Sales Down but Holding above “Normal” Mark

Pending home sales declined modestly in June after three months of what the National Association of Realtors® (NAR) called "solid gains." NAR's Pending Home Sales Index (PHSI) declined ...

Mortgage Rate Watch - 3:30PM

Mortgage Rates Unchanged to Start Important Week

Mortgage rates didn't move much to start the week, with a nearly equal number of lenders moving both higher and lower. On average, rates were just barely higher. Even then, the actual ...

Latest Video

Big data week ahead

Role of Trulia in Zillow's story

Zillow-Trulia bear

More News from 'Around the Web'

www.cfpbmonitor.com - 4:57PM
Director Cordray to testify at July 30 House hearing on alleged CFPB employee discrimination
CNBC - 4:57PM
Why the Fed could start raising rates sooner
Bloomberg - 4:56PM
Fannie Overseer Said to Plan Report on Single Bond Sales - Bloomberg
Washington Post - 2:49PM
Wonkblog: How a Boston group helps keep troubled borrowers in their homes a model to fight blight?
WSJ - 2:49PM
Is the Private Mortgage-Bond Market Dead or Dormant?
Market Watch - 1:43PM
Treasury sells 2-year notes at highest yield since 2011
CNBC - 1:43PM
Fed up? Yellen facing challenges from within
www.cfpbmonitor.com - 1:43PM
Consumer stories: CFPB birthday presents?
Washington Post - 12:28PM
Zillow wants to make online real estate listings more like online dating
Reuters - 12:28PM
Consumer spending, inventories seen lifting U.S. second-quarter GDP
CNN - 11:12AM
Investors help the rich pay off student loans
CNBC - 10:38AM
US pending home sales unexpectedly fall in June
www.lpsvcs.com - 10:34AM
Black Knight Home Price Index Report: May 2014 Transactions
www.freddiemac.com - 8:45AM
Ripe for HARP
CNBC - 8:45AM
US Treasury yield curve flattens; Fed eyed
Bloomberg - 8:45AM
Zillow Buys Trulia for $3.5 Billion in Stock - Bloomberg

Today's Comments

	MBS Live Chat - 2:56PM "Our DU shows this: If the borrower is being qualified with the entire payment, without the benefit of rental income, Form 1007 is not required...."
	MBS Live Chat - 2:57PM "FHA is 6% - So if Realtor get 4% from the builder, they could pay all 4%, in theory?..."
	MBS Live Chat - 2:57PM "We are not using rental income, so the UW says we need to get a LOX from the appraiser as to the market rental conditions??..."
	MBS Live Chat - 3:02PM "Seems a bit above and beyond, Chip...."
	MBS Live Chat - 3:04PM "DU specifies that market rent must be reported, even if not using rent to qualify...."
	MBS Live Chat - 3:07PM "For example: 17 Calculate and document the net cash flow on the subject property according to the Fannie Mae Selling Guide. If the borrower is being qualified with the entire payment, without benefit of rental income, rental income documentation for the subject property is not required for qualifying..."
	MBS Live Chat - 3:20PM "anyone floating?..."
	MBS Live Chat - 3:28PM "I am locking..."
	MBS Live Chat - 3:29PM "my opinion, everyone should before data starts on Wed..."
	MBS Live Chat - 3:29PM "lots of potential movement...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.20%

+0.01

15 Yr FRM

3.33%

+0.01

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.04%

+0.01

5/1 Yr ARM

3.23%

+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

+0.00

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

98-17

-0-02

30YR FNMA 3.5

102-12

-0-01

30YR GNMA 3.0

100-16

-0-03

30YR GNMA 3.5

103-11

-0-01

15YR FNMA 3.0

103-12

-0-01

15YR FNMA 2.5

101-01

-0-02

Treasuries

Yield

Change

2 YR

0.5041%

+0.0123

5 YR

1.7047%

+0.0300

10 YR

2.4871%

+0.0216

30 YR

3.2538%

+0.0169

Prices as of: 7/28/2014 4:27PM 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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