Monday, July 6, 2015

Daily Newsletter: Mortgage Rates Lowest in 2 Weeks After Greek Vote; Over 3 Million Refi Candidates Still in The Money

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30 Year Fixed
4.09%   -0.04
15 Year Fixed
3.26%   -0.03
10YR Treasury
2.29%   +0.0036
FNMA 30YR 3.5
103.16   +0.41
FNMA 15YR 2.5
103.61   +0.20
Monday July 6, 2015
Mortgage Rate Watch - 5:58PM
Mortgage rates moved lower with more conviction to begin the week as global markets reacted to weekend events in Europe. Specifically, Greece voted to reject a set of reforms drafted ...
MND NewsWire - 5:05PM
Despite years of low interest rates an estimated 6.1 million homeowners could still both qualify for and benefit from a traditional refinance according to Black Knight Financial Services ...
MBS Commentary - 12:37PM
Treasuries have safe haven appeal on a global scale. This is frequently seen when Asian markets are open for the first few hours of each trading day before European markets open. During ...
Pipeline Press - 10:54AM
In legal & training news, "After years of grappling with the fallout over legacy loans and the industry's pivot towards regulatory compliance, the American Mortgage Law Group's ...
Today's Rates
Best Execution
Rate Change
30 Yr FRM 4.09% -0.04
15 Yr FRM 3.26% -0.03
FHA 30 Year Fixed 3.75% +0.00
Jumbo 30 Year Fixed 3.89% -0.03
5/1 Yr ARM 3.10% -0.01
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 4.26% 0.33 +0.07
15 Yr. Fixed 3.44% 0.31 +0.06
30 Yr. Jumbo 4.21% 0.38 +0.07
30 Yr. FHA 4.04% 0.18 +0.08
5/1 ARM 3.09% 0.45 +0.05
Freddie Mac **
30 Yr. Fixed 4.08% 0.60 +0.06
15 Yr. Fixed 3.24% 0.60 +0.03
1 Yr. ARM 2.52% 0.30 +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 99.72 +0.52
30YR FNMA 3.5 103.16 +0.41
30YR GNMA 3.0 101.03 +0.45
30YR GNMA 3.5 103.81 +0.34
15YR FNMA 3.0 103.61 +0.20
15YR FNMA 2.5 101.27 +0.27
Treasuries
Yield Change
2 YR 0.5932% -0.0397
5 YR 1.5579% -0.0769
10 YR 2.2886% +0.0036
30 YR 3.0860% -0.1064
Prices as of: 7/6/2015 4:31PM 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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