Daily Newsletter: Tuesday May 14, 2013

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30 Year Fixed

                                                                3.67%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                2.83%
                                                                  
                                                                +0.02

10YR Treasury

                                                                1.98%
                                                                  
                                                                +0.0645

FNMA 30YR 3.5

                                                                105-06
                                                                  
                                                                -0-07

FNMA 15YR 2.5

                                                                104-31
                                                                  
                                                                -0-06

View Today's Rates

Tuesday May 14, 2013

MND NewsWire - 3:20PM

Southern California Home Sales Hit 7 Year High

Home sales in Southern California hit a seven year high in April spurred by pent up consumer demand and high levels of investor activity . Prices rose along with sales to a 58 month ...

MND NewsWire - 1:52PM

Your Housing Recovery May Vary (Based On Location) - CoreLogic

CoreLogic's May MarketPulse report, released today, looks at the housing recovery and concludes that it is not occurring evenly across the U.S , but is "concentrated in geographies ...

Mortgage Rate Watch - 4:20PM

Mortgage Rates Continue Barreling Toward 2013 Highs

Mortgage rates began the day in promising shape, but lost their composure early and often. Despite several lenders releasing their initial rate sheets today in line with yesterday's ...

MND NewsWire - 2:17PM

Housing Affordability Stays Strong, But Hinges On Low Rates

Housing affordability declined slightly in the first quarter of this year, but remains near historic highs according to the National Association of Home Builders/Wells Fargo Housing ...

Latest Video

'Sell In May' Wrong?

Santelli's Midday Bond Report

Trust Tepper on Bonds?

More News from 'Around the Web'

www.thestreet.com - 3:01PM
Last Call: FHA Mortgage Insurance Discount Set to Expire
Google News - 1:55PM
Housing and Tax Reform Top Issues Affecting Realtors®, Real Estate Industry
www.easyir.com - 12:49PM
TransUnion Housing Analysis Finds Mortgage Delinquency Rate More Closely Resembles Low Levels of 2003
WSJ - 12:46PM
Housing Inventories Rose in April
Bloomberg - 11:38AM
Fed Says U.S. Household Debt Declined to 2006 Level - Bloomberg
NAHB - 10:35AM
Housing Affordability Holding Strong in Early 2013
online.barrons.com - 10:19AM
Fannie, Freddie, Zombie
www.gallup.com - 9:57AM
U.S. Economic Confidence Retreats From Five-Year High
Reuters - 9:43AM
Ally, ResCap creditors race to finalize settlement
Reuters - 9:42AM
In push to taper QE3, Plosser warns on Fed credibility
FHFA - 3:53PM
Remarks of Edward J. DeMarco, Acting Director, Federal Housing Finance Agency, Before the 2013 Federal Home Loan Banks Directors Conference, Washington, DC, "Near-Term Issues and the Future of Housing Finance"
Bloomberg - 2:01PM
Spain Posts First Trade Surplus on Record in March, Guindos Says - Bloomberg
Bloomberg - 2:01PM
Greece Upgraded as Fitch Sees Progress From Economy to Deficit - Bloomberg

Today's Comments

	MBS Live Chat - 1:24PM "REPRICE : 1:24 PM - Provident Funding Worse..."
	MBS Live Chat - 1:26PM "REPRICE : 1:26 PM - Sierra Pacific Worse..."
	MBS Live Chat - 1:31PM "REPRICE : 1:31 PM - M&T Bank Worse..."
	MBS Live Chat - 3:50PM "reprice round 2?..."
	MBS Live Chat - 3:50PM "it just keeps getting worse and worse..."
	MBS Live Chat - 3:50PM "2nd round of reprice here we come..."
	MBS Live Chat - 3:51PM "REPRICE : 3:51 PM - Everbank Worse..."
	MBS Live Chat - 3:53PM "REPRICE : 3:53 PM - Interbank Worse..."
	MBS Live Chat - 4:09PM "REPRICE : 4:09 PM - Everett Financial Worse..."
	MBS Live Chat - 4:11PM "REPRICE : 4:11 PM - Plaza Worse..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.67%

+0.04

15 Yr FRM

2.83%

+0.02

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.77%

+0.04

5/1 Yr ARM

3.02%

+0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.78%

0.76

+0.08

30 Yr. Fixed

3.53%

1.11

+0.06

MBA **

30 Yr. Fixed

3.67%

0.50

-0.01

15 Yr. Fixed

2.91%

0.34

-0.01

30 Yr. Jumbo

3.77%

0.27

-0.02

30 Yr. FHA

3.37%

0.55

-0.06

5/1 ARM

2.57%

0.29

-0.01

Freddie Mac **

30 Yr. Fixed

3.42%

0.70

+0.07

15 Yr. Fixed

2.61%

0.70

+0.05

1 Yr. ARM

2.53%

0.40

-0.03

5/1 Yr. ARM

2.58%

0.50

+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

102-17

-0-13

30YR FNMA 3.5

105-06

-0-07

30YR GNMA 3.0

104-02

-0-17

30YR GNMA 3.5

107-06

-0-14

15YR FNMA 3.0

104-31

-0-06

15YR FNMA 2.5

103-16

-0-07

Treasuries

Yield

Change

2 YR

0.2490%

+0.0082

5 YR

0.8572%

+0.0358

10 YR

1.9783%

+0.0645

30 YR

3.1956%

+0.0723

Prices as of: 5/14/2013 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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