Daily Newsletter: Friday August 29, 2014

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30 Year Fixed

                                                                4.10%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.26%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.34%
                                                                  
                                                                +0.0070

FNMA 30YR 3.5

                                                                102-30
                                                                  
                                                                +0-01

FNMA 15YR 2.5

                                                                103-21
                                                                  
                                                                +0-00

View Today's Rates

Friday August 29, 2014

MND NewsWire - 12:48PM

New Credit Score Model Would be Great for Housing! Too Bad it Won't be Used

FICO, the company that develops proprietary scoring models for credit bureaus and lenders, announced August 7 that a new model (FICO Score 9) would be released this fall. FICO's press ...

MND NewsWire - 12:42PM

Housing Market Entering Dicey Transition Phase

RealtyTrac estimated that home sales in July were at an annualized rate of 4.63 million units , a decrease of 3 percent from June and down 12 percent from July 2013. This would be the ...

Mortgage Rate Watch - 2:49PM

Mortgage Rates Unchanged Near 2014 Lows Ahead of 3-Day Weekend

Mortgage rates barely budged today. A few lenders were a bit higher than yesterday. A few more were a bit lower, but most hadn't moved enough to be considered anything more than unchanged ...

Pipeline Press - 10:11AM

New Digs for Fannie; CFPB Fines; HELOCs on the Rise; Cash vs. Security Sales

Cleverness is alive and well in lending, and the "free Russian cat with your loan funding" story yesterday brought a few e-mails. Chris L. contributes, "Thanks for sharing the idea ...

Latest Video

Apartment bubble?

Santelli Exchange: 10-year technical clues

Where's the BofA money going?

More News from 'Around the Web'

Bloomberg - 3:48PM
HUD Says $15.8 Billion of Loan Sales Cut Foreclosures - Bloomberg
CNBC - 2:33PM
FHFA seeks support for poor borrowers
www.cfpbmonitor.com - 2:33PM
HMDA proposed rule published in Federal Register
FHFA - 12:04PM
FHFA Proposes 2015-2017 Housing Goals for Fannie Mae and Freddie Mac
CNBC - 11:50AM
1% bullish despite 'failed' Obama: Wien
CNBC - 10:18AM
Britain raises terror threat level
CNBC - 10:17AM
US confidence rose in August, shaking off doubts
WSJ - 10:13AM
Inflation Stays Below the Fed's Target for 27th Straight Month
CNBC - 8:51AM
Consumers snap wallets shut as income growth slows
WSJ - 8:50AM
Fed Job Index a Year Away From Normalcy
blog.redfin.com - 8:49AM
Listing Price Drops Will Help Drive a Fall Surge in Home Sales
Bloomberg - 8:48AM
Housing Stumbling in Slowest Season for U.S.: Mortgages - Bloomberg
Reuters - 12:00AM
Vanishing euro zone inflation seen intensifying ECB policy headache

Today's Comments

MBS Commentary - 2:07PM

"lmao Matt... great update and good laughs too..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.10%

+0.00

15 Yr FRM

3.26%

+0.00

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.98%

+0.01

5/1 Yr ARM

3.22%

+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

4.35%

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

4.10%

0.50

+0.00

15 Yr. Fixed

3.25%

0.60

+0.02

1 Yr. ARM

2.39%

0.50

+0.01

5/1 Yr. ARM

2.97%

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

99-17

+0-02

30YR FNMA 3.5

102-30

+0-01

30YR GNMA 3.0

101-13

+0-01

30YR GNMA 3.5

103-31

+0-01

15YR FNMA 3.0

103-21

+0-00

15YR FNMA 2.5

101-08

-0-02

Treasuries

Yield

Change

2 YR

0.4961%

-0.0078

5 YR

1.6283%

-0.0032

10 YR

2.3448%

+0.0070

30 YR

3.0824%

+0.0072

Prices as of: 8/29/2014 4:08PM 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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