Daily Newsletter: Wednesday August 13, 2014

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30 Year Fixed

                                                                4.17%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                3.30%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.42%
                                                                  
                                                                -0.0253

FNMA 30YR 3.5

                                                                102-15
                                                                  
                                                                +0-08

FNMA 15YR 2.5

                                                                103-20
                                                                  
                                                                +0-05

View Today's Rates

Wednesday August 13, 2014

MND NewsWire - 1:55PM

Labor Market Improvement Bodes Well for Housing

The estimate from the Bureau of Economic Analysis (BEA) of sharply improved economic growth in the second quarter is good news for the housing market Freddie Mac's lead economists said ...

MND NewsWire - 9:06AM

Internet Lender Hit with $20 Million Plus in Penalties

An Atlanta-based Internet mortgage company, its owner and an affiliate have been hit with a $19.3 million penalty for what the Consumer Financial Protection Bureau (CFPB) said was a ...

MND NewsWire - 9:44AM

Mortgage Applications Trickle Lower Despite Unchanged Rates

Applications volume was lower during the week ended August 8 across all of the measures employed by the Mortgage Bankers Association (MBA). MBA's Market Composite Index decreased 2 ...

Mortgage Rate Watch - 3:08PM

Mortgage Rates Lower After Downbeat Economic Data

Mortgage rates improved just slightly today, but that's a welcome result considering the way things had been shaping up. If not for the weaker-than-expected report on Retail Sales, ...

Latest Video

Santelli Exchange: Acknowledging inflation

Cashin: German GDP concern to US

Closing Bell Exchange: Cautious consumer

More News from 'Around the Web'

WSJ - 3:49PM
Retail Sales Disappoint: What Did We Buy in July?
CNBC - 3:49PM
Here's why stocks can keep going higher
www.aei-ideas.org - 3:48PM
Study on US income inequality and housing totally misses the point
Bloomberg - 1:30PM
Treasuries Stay Higher After $24 Billion U.S. 10-Year Note Sale - Bloomberg
www.aei-ideas.org - 1:02PM
So long to that 4% GDP report in the second quarter?
Reuters - 11:09AM
U.S. Fed seen moving slowly after first rate hike in second quarter 2015: Reuters poll
Washington Post - 11:05AM
Mortgage executive explains why banks don't want to take a chance on some borrowers
freddiemac.mwnewsroom.com - 11:03AM
Freddie Mac August 2014 U.S. Economic and Housing Market Outlook
CNBC - 9:05AM
US mortgage volume slumps as summer wanes
CNBC - 9:02AM
Beware the smart house!
CNBC - 9:02AM
What's fueling weakness in the US housing market
Bloomberg - 9:00AM
Treasuries Gain as US Retail Sales Were Little Changed in July - Bloomberg

Today's Comments

	MND NewsWire - 11:22AM "and how much did Markert earn under this scam? How much were competitor losses incurred by playing fair with consumers? 1.5Mil? that a joke. should be 10 times that for this fraudster...."
	MND NewsWire - 1:34PM "These rules have been in place for a long time. It takes concerted effort to ignore them. Sounds like this is good for consumers and competitors alike...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.17%

-0.01

15 Yr FRM

3.30%

-0.01

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.00%

-0.02

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

4.35%

0.22

+0.00

15 Yr. Fixed

3.48%

0.30

-0.03

30 Yr. Jumbo

4.24%

0.19

-0.02

30 Yr. FHA

4.04%

0.03

-0.02

5/1 ARM

3.24%

0.45

-0.08

Freddie Mac **

30 Yr. Fixed

4.14%

0.70

+0.02

15 Yr. Fixed

3.27%

0.60

+0.04

1 Yr. ARM

2.35%

0.50

-0.03

5/1 Yr. ARM

2.98%

0.50

-0.03

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

98-24

+0-10

30YR FNMA 3.5

102-15

+0-08

30YR GNMA 3.0

100-32

+0-10

30YR GNMA 3.5

103-30

+0-09

15YR FNMA 3.0

103-20

+0-05

15YR FNMA 2.5

101-07

+0-05

Treasuries

Yield

Change

2 YR

0.4159%

-0.0241

5 YR

1.5839%

-0.0328

10 YR

2.4220%

-0.0253

30 YR

3.2464%

-0.0260

Prices as of: 8/13/2014 4:32PM 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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