Rates Lower Despite Bond Losses; Cash Outs No Concern Yet; Prices Rising Slower; Normal vs Actual Reversal

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30 Year Fixed

                                                                3.44%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                2.76%
                                                                  
                                                                -0.01

10YR Treasury

                                                                1.46%
                                                                  
                                                                +0.0152

FNMA 30YR 3.5

                                                                105.39
                                                                  
                                                                -0.06

FNMA 15YR 2.5

                                                                104.78
                                                                  
                                                                -0.02

View Today's Rates

Tuesday June 28, 2016

Mortgage Rate Watch - 3:28PM

Mortgage Rates Lower Despite Bond Market Weakness

Mortgage rates fell modestly today despite some weakness in underlying bond markets. Typically, when bond yields (which move inversely with bond prices) are rising, mortgage rates tend ...

MND NewsWire - 4:47PM

Cash-Outs Not Yet "Worrisome"

Freddie Mac says that the trend toward increasing levels of cash out refinancing paused during the first quarter of 2016. The share of refinancing in which homeowners took a new mortgage ...

MND NewsWire - 10:35AM

Home Prices Climb as Brexit, Fall Elections Loom

Both S&P/Case-Shiller and Black Knight Financial Services report that home prices continued to rise in April. Their numbers, while covering different universes and utilizing different ...

MBS Commentary - 9:09AM

MBS Day Ahead: Identifying Normal Pull-Back vs an Actual Reversal

Bond rallies don't last forever 2 ways for rates to move higher: temporary, nominal corrections, and full-scale reversals Here's one easy way to tell which is which At the moment, bond ...

Latest Video

Santelli: Traders almost holding their breath

Santelli: Brexit caused a strange phenomenon

Larry Summers: Why rates are low

More News from 'Around the Web'

eyeonhousing.org - 4:42PM
Housing Share of GDP Expands
Calculated Risk Blog - 4:39PM
Fannie Mae: Mortgage Serious Delinquency rate declined in May
freddiemac.mwnewsroom.com - 4:39PM
Freddie Mac Issues Monthly Volume Summary for May 2016
CNBC - 3:02PM
Fed paralysis means 'purgatory' for big banks
Market Watch - 2:48PM
The Fed: Brexit won't cause financial crisis, Bernanke says
Bloomberg - 11:48AM
Draghi Shuns Brexit Debate in Call for Global Policy Alignment - Bloomberg
Calculated Risk Blog - 10:11AM
Case-Shiller: National House Price Index increased 5.0% year-over-year in April
CNBC - 10:11AM
Consumer confidence pops in June
CNBC - 10:11AM
CNBC explains: Brexit and 'Article 50'
Bloomberg - 10:10AM
Treasuries on Brink of History as Guggenheim Says Rally Not Over
CNBC - 10:09AM
Are reverse mortgages a very bad move or a great idea?
CNBC - 8:26AM
Market uncertainty rules after Brexit vote, analysts say
The Atlantic - 8:20AM
Would a Work-Free World Be So Bad?
www.freddiemac.com - 8:19AM
55+ Renters: A Tale of Growing Demand

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.44%

-0.02

15 Yr FRM

2.76%

-0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.52%

-0.03

5/1 Yr ARM

2.86%

-0.04

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.37%

1.26

-0.14

30 Yr. Fixed

3.95%

1.30

-0.16

MBA **

30 Yr. Fixed

3.82%

0.34

-0.05

15 Yr. Fixed

3.06%

0.33

-0.07

30 Yr. Jumbo

3.74%

0.31

-0.05

30 Yr. FHA

3.64%

0.25

-0.05

5/1 ARM

2.93%

0.22

+0.02

Freddie Mac **

30 Yr. Fixed

3.56%

0.60

+0.02

15 Yr. Fixed

2.83%

0.50

+0.02

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.74%

0.50

+0.00

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

103.61

-0.06

30YR FNMA 3.5

105.39

-0.06

30YR GNMA 3.0

104.25

-0.05

30YR GNMA 3.5

106.02

-0.02

15YR FNMA 3.0

104.78

-0.02

15YR FNMA 2.5

103.34

-0.08

Treasuries

Yield

Change

2 YR

0.6132%

+0.0118

5 YR

1.0062%

+0.0177

10 YR

1.4647%

+0.0152

30 YR

2.2756%

-0.0007

Prices as of: 6/28/2016 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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