Daily Newsletter: Wednesday July 1, 2015

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30 Year Fixed

                                                                4.16%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                3.31%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.43%
                                                                  
                                                                +0.0778

FNMA 30YR 3.5

                                                                102-12
                                                                  
                                                                -0-16

FNMA 15YR 2.5

                                                                103-06
                                                                  
                                                                -0-09

View Today's Rates

Wednesday July 1, 2015

Mortgage Rate Watch - 5:39PM

Mortgage Rates Rise Ahead of Big Jobs Report

Mortgage rates gave up recently-enjoyed gains today. This brings them to the week's highest levels (and the 3rd highest in 2015) a day before the all-important Employment Situation ...

MND NewsWire - 4:07PM

Several Significant Income-Related Underwriting Changes from Fannie

Highlights from the most recent update to Fannie's Selling Guide: Conversion of Principal Residence Requirements At the height of the financial crisis Fannie Mae required lenders to ...

MBS Commentary - 11:52AM

MBS MID-DAY: Bond Markets Much Weaker Overnight; Greece Exporting Red Herring

Greece's chief export these days is red herring . More of them hit the market overnight as Tsipras allegedly sent a letter saying he agreed to almost all of the conditions from EU creditors ...

MND NewsWire - 10:26AM

New Suit "Injects Vigor" into GSE Conservatorship Challenges

An unsigned article in the National Law Review takes another look at the Federal Housing Finance Agency (FHFA)/Treasury Department handling of the conservatorship of Fannie Mae and ...

Latest Video

Santelli: 30-year nears high

Higher rates hit home

Santelli: 10-year creeps higher

More News from 'Around the Web'

Bloomberg - 3:43PM
Mayor of Athens Completely Disagrees with Tsipras about Referendum
Bloomberg - 3:38PM
Tsipras' Propaganda Video to Greek People (Translated)
Calculated Risk Blog - 3:36PM
Office Vacancy Rate unchanged in Q2 to 16.6%
www.gallup.com - 3:35PM
U.S. Job Creation Index Holds in June at Record High of +32
Bloomberg - 3:34PM
Merkel-Tsipras Sparring Leaves Greece in Limbo Until Sunday Vote
Market Watch - 3:32PM
ECB leaves emergency lending program for Greek banks unchanged: reports
WSJ - 3:32PM
5 Things to Watch in the June Jobs Report
SIFMA - 3:03PM
The US Private Label Mortgage-Backed Securities Market in 2015
WSJ - 1:49PM
U.S. Construction Spending Hits New Postrecession High
CNBC - 1:48PM
Huge CEO bonuses at Fannie Mae
CNBC - 11:23AM
Fed's Brainard: Looking at bond market liquidity
CNBC - 11:20AM
US housing stages lopsided' recovery
Calculated Risk Blog - 11:20AM
Construction Spending increased 0.8% in May
CNBC - 11:20AM
ISM manufacturing index hits 53.5 in June; Construction spending up 0.8% in May
Reuters - 9:00AM
JPMorgan builds up apartment-loan leader from WaMu rubble
Bloomberg - 8:43AM
Treasuries Decline as Greece Moves Closer to Accepting Bailout
CNBC - 8:39AM
Surprise! Puerto Rico Wasn't a Thing, After All
Reuters - 8:38AM
U.S. private sector adds 237,000 jobs in June: ADP
Bloomberg - 8:36AM
BofA, Citigroup to Fund Affordable Housing in N.Y. Settlements
CNBC - 8:34AM
Highest rates in 9 months hits mortgage applications

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.16%

+0.04

15 Yr FRM

3.31%

+0.03

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.95%

+0.03

5/1 Yr ARM

3.13%

+0.03

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.26%

1.25

-0.06

30 Yr. Fixed

3.90%

1.28

-0.03

MBA **

30 Yr. Fixed

4.19%

0.38

-0.03

15 Yr. Fixed

3.38%

0.37

-0.05

30 Yr. Jumbo

4.14%

0.35

-0.04

30 Yr. FHA

3.96%

0.14

-0.04

5/1 ARM

3.04%

0.46

-0.11

Freddie Mac **

30 Yr. Fixed

4.02%

0.70

+0.02

15 Yr. Fixed

3.21%

0.60

-0.02

1 Yr. ARM

2.50%

0.30

-0.03

5/1 Yr. ARM

2.98%

0.40

-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

98-27

-0-18

30YR FNMA 3.5

102-12

-0-16

30YR GNMA 3.0

100-09

-0-17

30YR GNMA 3.5

103-04

-0-15

15YR FNMA 3.0

103-06

-0-09

15YR FNMA 2.5

100-24

-0-10

Treasuries

Yield

Change

2 YR

0.6922%

+0.0475

5 YR

1.7102%

+0.0689

10 YR

2.4273%

+0.0778

30 YR

3.2074%

+0.0879

Prices as of: 7/1/2015 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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