Monday, July 14, 2014

Daily Newsletter: Mortgage Rates End Recent Winning Streak; Rental Market Stabilizing but Renter Profile is Changing; What Wells' Earnings Tell us; Threats to Mini-Correspondent

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30 Year Fixed
4.17%   +0.03
15 Year Fixed
3.30%   +0.03
10YR Treasury
2.54%   +0.0289
FNMA 30YR 3.5
102.17   -0.27
FNMA 15YR 2.5
103.59   -0.16
Monday July 14, 2014
Mortgage Rate Watch - 4:19PM
Mortgage rates rose modestly today , ending last week's streak of 5 days without an increase. The movement wasn't enough to unseat 4.125% as the most prevalently-quoted conforming 30yr ...
MND NewsWire - 12:15PM
While the magnitude isn't clear, that the growth of renter households has risen far above average in recent years is. The Housing Vacancy Survey reports that the number of these households ...
Pipeline Press - 10:28AM
Sometimes it is hard to tell if things are legit or not, especially when it comes to legislation. In 2014 Congress has reminded us of how it is nearly impossible for the current batch ...
MBS Commentary - 7:31AM
Last week was a dud in terms of scheduled events. This week isn't the polar opposite, but it's much more active. Monday and Friday are the only days without at least a few interesting ...
MBS Live Chat - 10:26AM
""Government officials, frustrated by months of back-and-forth haggling, warned the bank that a lawsuit would be filed the next day. But hours before the deadline expired, the Justice Department put its plans on hold. News had leaked that afternoon, June 17, that the U.S. had captured Ahmed Abu Khatallah..."
MBS Live Chat - 10:23AM
"Looks like his press conference was completely shrugged..."
MBS Live Chat - 10:26AM
"big bank financial crisis lawsuits are the most boring, tedious, inconsequential, staged, contrived, and useless acts of political theater I can imagine...."
MBS Live Chat - 10:29AM
"Lol! I suppose you feel quite strongly about that MG!..."
MBS Live Chat - 10:29AM
"no, just the opposite. I feel nothing. Every time I see "big bank sued for x billion," I couldn't possible care any less...."
MBS Live Chat - 10:33AM
"who cares about the lawsuits unless it results in someone blowing up..."
Today's Rates
Best Execution
Rate Change
30 Yr FRM 4.17% +0.03
15 Yr FRM 3.30% +0.03
FHA 30 Year Fixed 3.75% +0.00
Jumbo 30 Year Fixed 4.01% +0.03
5/1 Yr ARM 3.24% +0.01
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 4.32% 0.16 +0.04
15 Yr. Fixed 3.40% 0.22 -0.02
30 Yr. Jumbo 4.24% 0.16 -0.02
30 Yr. FHA 4.02% -0.03 +0.03
5/1 ARM 3.40% 0.22 -0.02
Freddie Mac **
30 Yr. Fixed 4.15% 0.70 +0.03
15 Yr. Fixed 3.24% 0.60 +0.02
1 Yr. ARM 2.40% 0.40 +0.02
5/1 Yr. ARM 2.99% 0.40 +0.01
* 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 98.22 -0.28
30YR FNMA 3.5 102.17 -0.27
30YR GNMA 3.0 100.27 -0.33
30YR GNMA 3.5 103.36 -0.33
15YR FNMA 3.0 103.59 -0.16
15YR FNMA 2.5 101.34 -0.16
Treasuries
Yield Change
2 YR 0.4599% +0.0080
5 YR 1.6711% +0.0330
10 YR 2.5449% +0.0289
30 YR 3.3698% +0.0332
Prices as of: 7/14/2014 4:32PM EST
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:
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