Daily Newsletter: Thursday May 16, 2013

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30 Year Fixed

                                                                3.60%
                                                                  
                                                                -0.08

15 Year Fixed

                                                                2.80%
                                                                  
                                                                -0.04

10YR Treasury

                                                                1.88%
                                                                  
                                                                -0.0660

FNMA 30YR 3.5

                                                                105-17
                                                                  
                                                                +0-11

FNMA 15YR 2.5

                                                                105-05
                                                                  
                                                                +0-03

View Today's Rates

Thursday May 16, 2013

MND NewsWire - 1:15PM

Housing Bubble Unlikely, Home Price Appreciation Should Slow - CoreLogic

CoreLogic said today that home prices are projected to increase 3.9 percent on an annualized basis between the fourth quarter of 2012 and the same quarter in 2017. However, a new housing ...

Mortgage Rate Watch - 4:15PM

Mortgage Rates Move Convincingly Lower

Mortgage rates moved lower at their fastest pace in 6 weeks today, erasing most of the losses seen so far this week. Not all lenders have adjusted pricing at the same pace, however ...

MND NewsWire - 9:03AM

California Home Prices Soaring on Falling Supply, Pent-up Demand

The median price of homes in California topped $400,000 in April for the first time in five years. The California Association of Realtors® (C.A.R.) said the increases are fueled ...

MND NewsWire - 8:59AM

Builders Look to Fill Supply Void Left by Declining Foreclosures

RealtyTrac has undertaken a new type of analysis, comparing building permit data from the Department of Housing and Urban Development (HUD) with foreclosure starts for the same time ...

Latest Video

Yellen Seen as Next Fed Chairman in Investor Poll

Plosser Says Fed Should Exit Mortgage-Backed Assets

Miami Real Estate: It's Hot

More News from 'Around the Web'

Bloomberg - 3:46PM
Williams Says Fed May Taper Bond Purchases As Early As Summer - Bloomberg
WSJ - 3:02PM
What Constitutes Shelter' in Inflation Measure?
Market Watch - 9:14AM
Fisher says MBS purchases should be dialed back
Bloomberg - 8:29AM
Plosser Says Fed Should Exit Mortgage-Backed Securities Market
freddiemac.mwnewsroom.com - 2:04PM
Freddie Mac: Where's the Juice?
NAHB - 11:33AM
NAHB Calls on Congress to Establish a Fair and Workable E-Verify System
www.cfpbmonitor.com - 10:27AM
Senate appears to be nearing vote on Cordray renomination
Bloomberg - 2:39PM
Three Fed Presidents Call to Phase Out Mortgage Bond Buys - Bloomberg
Federal Reserve - 2:39PM
Raskin, Prospects for a Stronger Recovery
Reuters - 8:54AM
April housing starts plummet from almost five-year high
Google News - 2:37PM
NAR: Forecast for Housing and the Economy Solidifying, Future Tax Treatment Important
www.aei-ideas.org - 12:14PM
Look at Japan. Look at the euro zone. And the GOP wants the Fed to be more like the ECB?
CNBC - 10:30AM
Fed's Plosser: Let the Tapering Begin

Today's Comments

	MBS Live Chat - 11:47AM "REPRICE : 11:47 AM - Stonegate Mortgage Better..."
	MBS Live Chat - 12:17PM "REPRICE : 12:17 PM - Provident Funding Better..."
	MBS Live Chat - 12:20PM "REPRICE : 12:20 PM - PHH Better..."
	MBS Live Chat - 12:24PM "REPRICE : 12:24 PM - Suntrust Better..."
	MBS Live Chat - 12:32PM "REPRICE : 12:32 PM - Caliber Funding Better..."
	MBS Live Chat - 12:56PM "so it looks like the next big event for rates is the 10YR auction next week. Like to trade in trhis range until then...."
	MBS Live Chat - 12:58PM "Thinkin' FOMC Minutes is the thing CS, but I also think it stands a good chance to be anti-climactic...."
	MND NewsWire - 1:17PM "The whole process is a sham. We are being put through the same things that were being done through out the so called modification process. I received the money that they sent me and it also was not correct for my situation. The original payment format for payouts were changed to how they are doing the..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.60%

-0.08

15 Yr FRM

2.80%

-0.04

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.71%

-0.06

5/1 Yr ARM

3.00%

-0.01

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%

0.41

+0.08

15 Yr. Fixed

2.88%

0.31

+0.07

30 Yr. Jumbo

3.87%

0.25

+0.08

30 Yr. FHA

3.43%

0.16

+0.08

5/1 ARM

2.55%

0.23

+0.02

Freddie Mac **

30 Yr. Fixed

3.51%

0.70

+0.09

15 Yr. Fixed

2.69%

0.70

+0.08

1 Yr. ARM

2.55%

0.40

+0.02

5/1 Yr. ARM

2.62%

0.50

+0.04

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

103-03

+0-15

30YR FNMA 3.5

105-17

+0-11

30YR GNMA 3.0

104-19

+0-16

30YR GNMA 3.5

107-19

+0-13

15YR FNMA 3.0

105-05

+0-03

15YR FNMA 2.5

103-24

+0-07

Treasuries

Yield

Change

2 YR

0.2333%

-0.0079

5 YR

0.7845%

-0.0485

10 YR

1.8792%

-0.0660

30 YR

3.0968%

-0.0684

Prices as of: 5/16/2013 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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