Daily Newsletter: Thursday August 7, 2014

This website requires Javascrip to run properly.

Newsletter Preview

View our most recent newsletter below, or use the date selector to view past newsletters.

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed

                                                                4.18%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.29%
                                                                  
                                                                -0.04

10YR Treasury

                                                                2.41%
                                                                  
                                                                -0.0559

FNMA 30YR 3.5

                                                                102-20
                                                                  
                                                                +0-09

FNMA 15YR 2.5

                                                                103-19
                                                                  
                                                                +0-05

View Today's Rates

Thursday August 7, 2014

Mortgage Rate Watch - 3:50PM

Mortgage Rates Continue Benefiting From Overseas Risks

Mortgage rates moved moderately lower today as bond markets benefited from overseas risks. These risks take several forms at the moment, ranging from the risk of further economic deterioration ...

MND NewsWire - 12:51PM

GSEs Report Decent, Not Stunning, Quarterly Results

Freddie Mac and Fannie Mae each reported out another successful financial quarter today as each continued to reduce their respective distressed loan portfolios, replacing them with ...

MBS Commentary - 12:17PM

MBS MID-DAY: US Bond Markets Reluctantly Stronger as Europe hits Another All-Time Low

When we reference "European bond markets," we're talking about the undisputed benchmark for the Eurozone: German Bunds. It's important to keep in mind that Germany is the political ...

MND NewsWire - 4:11PM

Fifth Consecutive Drop Leaves Delinquency Rate at 2007 Levels

The delinquency rate for one-to-four unit residential mortgages decreased for the fifth consecutive time in the second quarter of 2014. The resulting seasonally adjusted rate of 6.04 ...

Latest Video

10-Year below 2% within 6 months: Sri-Kumar

Santelli: Yields lowest ever in euro zone

Weekly jobless claims 289,000

More News from 'Around the Web'

CNBC - 4:20PM
The job market really may be healing
WSJ - 4:20PM
Economists Still Betting on Mid-2015 Fed Rate Rise, WSJ Survey Shows
WSJ - 3:42PM
Consumer Borrowing Posts Weak Growth
Bloomberg - 2:48PM
Berkowitz Cuts Fairholme Stakes in Fannie, Freddie Stock - Bloomberg
WSJ - 2:47PM
How Low Can Jobless Claims Go?
WSJ - 1:41PM
WSJ Survey: More Worry that Housing Will Cave In
NAHB - 1:41PM
Builder Confidence in the 55+ Housing Market Shows Positive Signs in the Second Quarter
Bloomberg - 12:53PM
The Disastrous Bet Against Bonds Bears Just Can't Refuse - Bloomberg
Federal Reserve - 12:53PM
Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households
Google News - 12:51PM
Specialty mortgage servicers: what's the big deal?
WSJ - 11:27AM
Rising Wages a Desired Outcome of Fed Policy
NAHB - 10:24AM
Housing Recovery Continues at Slow Pace According to Latest Leading Markets Index
Reuters - 10:22AM
Fannie Mae, Freddie Mac to send U.S. Treasury $5.6 billion
freddiemac.mwnewsroom.com - 10:22AM
Mortgage Rates Mixed
Bloomberg - 10:22AM
Radian Surges as Mortgage Insurer Posts Profit - Bloomberg
WSJ - 10:22AM
Foreclosure Starts Hit Pre-Crisis Low
Fannie Mae - 10:22AM
News Release - First Phase of Housing Recovery Decelerates ...
WSJ - 9:34AM
How Weak Is Housing? Five Charts Tell the Story
CNBC - 9:33AM
BofA board backs settlement; announcement soon
Market Watch - 9:32AM
Bond Report: Treasurys eye a fifth day of gains

Today's Comments

	MBS Live Chat - 2:37PM "if I had one closing in less than 10, I would maybe..."
	MBS Live Chat - 2:38PM "if I get a rp better i will..."
	MBS Live Chat - 2:38PM "definitely wouldn't lock anything unless you get a reprice..."
	MBS Live Chat - 2:40PM "depends on the close today, if we close where we are now it's float boat time..."
	MBS Live Chat - 2:42PM "I want to believe......"
	MBS Live Chat - 2:42PM "You think this rally's going to hold through until tomorrow?..."
	MBS Live Chat - 2:44PM "my only concern with floating would be stocks have pulled back a bunch in Europe and they could have a relief rally tomorrow which probably wouldn't help us..."
	MBS Live Chat - 2:43PM "looks like issues with Ukraine is driving this...that is not likely to be solved overnight..."
	MBS Live Chat - 2:44PM "but it seems to me the effects of Ukraine and other geopolitical events seem to ebb and flow...."
	MBS Live Chat - 2:44PM "Agreed. Never like floating through to a Friday though. And the Ukraine issues continue to occur and then dissipate into nothing...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.18%

-0.04

15 Yr FRM

3.29%

-0.04

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.02%

-0.03

5/1 Yr ARM

3.25%

+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

+0.02

15 Yr. Fixed

3.51%

0.28

+0.04

30 Yr. Jumbo

4.26%

0.35

+0.04

30 Yr. FHA

4.06%

0.02

+0.03

5/1 ARM

3.32%

0.35

+0.01

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

98-29

+0-12

30YR FNMA 3.5

102-20

+0-09

30YR GNMA 3.0

100-28

+0-10

30YR GNMA 3.5

103-26

+0-13

15YR FNMA 3.0

103-19

+0-05

15YR FNMA 2.5

101-07

+0-08

Treasuries

Yield

Change

2 YR

0.4325%

-0.0278

5 YR

1.5971%

-0.0492

10 YR

2.4131%

-0.0559

30 YR

3.2239%

-0.0453

Prices as of: 8/7/2014 4:30PM 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.

View this Report in your Web Browser | Forward to a Friend | Subscribe