Daily Newsletter: Thursday August 14, 2014

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30 Year Fixed

                                                                4.14%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.29%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.40%
                                                                  
                                                                -0.0187

FNMA 30YR 3.5

                                                                102-20
                                                                  
                                                                +0-05

FNMA 15YR 2.5

                                                                103-22
                                                                  
                                                                +0-02

View Today's Rates

Thursday August 14, 2014

MND NewsWire - 3:46PM

Wells Fargo's Plan for Slow Mortgage Market: Increase Pay!

Wells Fargo has apparently decided that a carrot is better than massive layoffs when the mortgage business starts to slide. Bloomberg is reporting that the bank, the nation's largest ...

Mortgage Rate Watch - 4:49PM

Mortgage Rates Lowest in Over a Month

Mortgage rates made yet another small move lower , and this time it was enough to lay claim to the title of "lowest in over a month." This is more a factor of rates being very close ...

MND NewsWire - 10:37AM

RealtyTrac: Fewer Localities have Persistent Foreclosure Problems

There was a significant uptick in foreclosure filings in July according to RealtyTrac's U.S. Foreclosure Market Report. The company said however that filings including default notices ...

Pipeline Press - 9:47AM

MBA President Explains the Reason for Overlays; Lack of Demand for MBS?

Here's a story for the guys in IT. In "the old days" hotel rooms actually had keys, and hotels didn't have computers. But now most hotels are reliant on computers for controlling not ...

Latest Video

Cashin: Stories of massive shorts in bond market

It's all about the Fed

Europe spillover into US?

More News from 'Around the Web'

Google News - 5:04PM
Why it's no easy task to determine what the GSEs should charge for their guarantee
Market Watch - 3:40PM
Fed's Bullard still sees first rate hike in March
Market Watch - 2:36PM
Market Extra: German 10-year yield below 1%: 4 takeaways
CNBC - 1:56PM
Once hot, San Diego real estate cooling off
CNBC - 1:55PM
How poor credit costs you on homeowners insurance
Reuters - 12:00PM
Deutsche Bank, BayernLB agree to settle $810 million U.S. suit
Bloomberg - 12:00PM
American Consumer Debt Declines for First Time In a Year - Bloomberg
Bloomberg - 10:48AM
Wells Fargo Tries Boosting Pay Amid Mortgage-Revenue Drop - Bloomberg
freddiemac.mwnewsroom.com - 10:07AM
Fixed Mortgage Rates Edge Lower
Bloomberg - 10:07AM
Bigger Down Payments Add to US First-Time Buyer Blues: Economy - Bloomberg
Market Watch - 10:07AM
Treasury says it plans to sell remaining Ally Financial stake
Market Watch - 9:04AM
Bond Report: 10-year Treasury yield on track to hit year's low
Reuters - 9:04AM
U.S. jobless claims up, but trend still points to firming jobs market
CNBC - 9:03AM
Still to come? Pain from Fed's 'taper' dismount
Bloomberg - 8:58AM
Treasuries Rise as U.S. Jobless-Benefit Claims Climb - Bloomberg
Reuters - 8:57AM
Stated income loans make comeback as mortgage lenders seek clients
CNBC - 8:55AM
Foreclosure activity up, but don't panic

Today's Comments

MND NewsWire - 10:27PM

"Frank Ceizyk...I would like to think your cringe when you hear any mortgage professional use the word "home" and "investment" in the same sentence is because you just do not like home buying as an investment, though you may once have. Whatever these young people ages 25 to 34 decide, home buying ought..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.14%

-0.03

15 Yr FRM

3.29%

-0.01

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.98%

-0.02

5/1 Yr ARM

3.21%

-0.02

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

4.12%

0.60

-0.02

15 Yr. Fixed

3.24%

0.60

-0.03

1 Yr. ARM

2.36%

0.50

+0.01

5/1 Yr. ARM

2.97%

0.50

-0.01

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

98-32

+0-08

30YR FNMA 3.5

102-20

+0-05

30YR GNMA 3.0

101-07

+0-07

30YR GNMA 3.5

104-02

+0-04

15YR FNMA 3.0

103-22

+0-02

15YR FNMA 2.5

101-11

+0-04

Treasuries

Yield

Change

2 YR

0.4158%

-0.0001

5 YR

1.5691%

-0.0148

10 YR

2.4033%

-0.0187

30 YR

3.1933%

-0.0531

Prices as of: 8/14/2014 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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