Daily Newsletter: Friday August 15, 2014

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30 Year Fixed

                                                                4.09%
                                                                  
                                                                -0.05

15 Year Fixed

                                                                3.25%
                                                                  
                                                                -0.04

10YR Treasury

                                                                2.34%
                                                                  
                                                                -0.0618

FNMA 30YR 3.5

                                                                102-27
                                                                  
                                                                +0-07

FNMA 15YR 2.5

                                                                103-19
                                                                  
                                                                -0-03

View Today's Rates

Friday August 15, 2014

Mortgage Rate Watch - 4:39PM

Mortgage Rates Drop Quickly to 2-Month Lows on Ukraine Turmoil

There were numerous headlines swirling mid-morning concerning military violence between Ukraine and Russia. Financial markets responded in a big way with stocks losing quit a bit of ...

MND NewsWire - 1:34PM

The High Cost of Failing to Refinance

CoreLogic recently awarded its Academic Research Council Excellence Award to a study conducted by professors from three universities who looked at reasons why so many homeowners fail ...

MND NewsWire - 2:46PM

Amazing Differences in Affordability Depending on Geography

Home prices "firmed" in several markets in the second quarter and, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), affordability ...

MND NewsWire - 2:20PM

QM Has Succeeded... in Raising Costs, not in Changing Business Strategies

Less than a half-year after the Ability-to-Repay (ATR) and Qualified Mortgage (QM) rules took effect most lenders report little impact on their business strategies but they do anticipate ...

Latest Video

What we know: Reports over Russian personnel carriers

Closing Bell Exchange: Bullish union for bonds

Santelli Exchange: Significant breaking points

More News from 'Around the Web'

Calculated Risk Blog - 4:07PM
Early Read on Existing Home Sales in July
www.justice.gov - 3:52PM
Real Estate Developer and Mortgage Broker Plead Guilty to Mortgage Fraud Scheme
CNBC - 2:34PM
Gundlach: 10-year could hit 2.2%
WSJ - 2:32PM
How Much U.S. Debt Does China Hold? The U.S. Isn't Sure
WSJ - 12:44PM
Kocherlakota Says Fed Still Missing Inflation, Jobs Goals
Bloomberg - 12:40PM
Banks Face Competition From Bonds on Landlord Financing - Bloomberg
CNBC - 10:15AM
Split decision: Sentiment falls as conditions rise
Market Watch - 10:14AM
Bond Report: Treasurys on track to rise for third straight day
CNBC - 10:14AM
Auto parts makers rev up July industrial production
Reuters - 8:49AM
U.S. producer prices moderate as gasoline tumbles
CNBC - 8:49AM
New York factory growth slows in Aug
WSJ - 8:45AM
Yellen to Turn to Labor Markets in Jackson Hole
Bloomberg - 8:42AM
As Climate Changes, 'Underwater Mortgage' May Take on New Meaning - Bloomberg
CNBC - 12:13AM
Who is right: Bond traders or stock traders?
Reuters - 12:10AM
Pershing Square sues U.S. over Fannie Mae, Freddie Mac
www.aei.org - 12:10AM
Discussing delinquent mortgage: Pinto on Fox Business' "After the Bell"

Today's Comments

	MND NewsWire - 1:48PM "We find that extreme procrastination is a major factor. Homeowners have so much on their daily plate that the idea of having to submit a laundry list of docs to apply gets put off until either the loan officer gives up or the window of opportunity get closed again with rates. We continue to refinance..."
	MND NewsWire - 2:08PM "Quicken actually just cut all the pay for their employees. All disappointed again!..."
	MND NewsWire - 2:44PM "There's a pressure here. Regulate the points and fees while forcing an increase to operational costs. Is this an intentional squeeze designed to force lenders to exit the business? Also, the consumer gets hammered with higher costs, of which the vast majority would qualify under old and new regulations..."
	MND NewsWire - 3:21PM "The govt. has made the process so painful, who could blame people for not refinancing?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.09%

-0.05

15 Yr FRM

3.25%

-0.04

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.95%

-0.03

5/1 Yr ARM

3.19%

-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

99-09

+0-09

30YR FNMA 3.5

102-27

+0-07

30YR GNMA 3.0

101-16

+0-09

30YR GNMA 3.5

104-07

+0-05

15YR FNMA 3.0

103-19

-0-03

15YR FNMA 2.5

101-09

-0-02

Treasuries

Yield

Change

2 YR

0.4114%

-0.0044

5 YR

1.5361%

-0.0330

10 YR

2.3415%

-0.0618

30 YR

3.1314%

-0.0619

Prices as of: 8/15/2014 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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