Daily Newsletter: Thursday May 2, 2013

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30 Year Fixed

                                                                3.41%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                2.71%
                                                                  
                                                                +0.01

10YR Treasury

                                                                1.63%
                                                                  
                                                                -0.0035

FNMA 30YR 3.5

                                                                106-16
                                                                  
                                                                -0-02

FNMA 15YR 2.5

                                                                105-18
                                                                  
                                                                0-00

View Today's Rates

Thursday May 2, 2013

Mortgage Rate Watch - 3:16PM

Mortgage Rates Ease Off The Throttle Ahead of Jobs Report

Mortgage rates broke a 4 day winning streak today, moving moderately higher after hitting 2013 lows yesterday. For many, the difference will be immaterial as today's average rate is ...

MND NewsWire - 2:16PM

Disparity in 'Severe Housing Costs' Between Renters and Owners

The Center for Housing Policy today released a report on housing affordability among working households in the US. The report concludes an ongoing uptrend in the incidence of “ ...

MND NewsWire - 12:48PM

Foreclosure Review Payouts Coming Under Congressional, Media Scrutiny

Congressman Elijah E. Cummings recently introduced a bill that would create an independent monitor to oversee the distribution of funds paid by mortgage services to borrowers to compensate ...

MBS Commentary - 4:23PM

MBS RECAP: Mario Washes Out Stronger Claims; NFP Tomorrow

MBS Live : MBS Afternoon Market Summary Yesterday's respectable rally to the best levels of the year turns out to have been markets' way of taking a more defensive stance against this ...

Latest Video

Draghi's Promise 'Just Words': Gemma Godfrey

Hedge Funds As Landlords

Santelli's Pie-Policy Economics

More News from 'Around the Web'

CNBC - 3:41PM
Blackstone's Housing Bet Swells to $4.5 Billion
Bloomberg - 3:41PM
Blankfein Sees Parallels to 1994 Interest-Rate Increases - Bloomberg
Bloomberg - 3:41PM
How 30-Year Mortgages Saved the Housing Market - Bloomberg
Bloomberg - 2:47PM
Beazer Rises After CEO Forecasts a Profit: Atlanta Mover - Bloomberg
CNBC - 2:46PM
Rotation Not From Fixed-Income: Pro
CNBC - 12:50PM
Map Draws Battle Lines in Mortgage Deduction Fight
WSJ - 12:33PM
Five Takeaways From ECB Decision and Draghi Press Conference
National Housing Conference - 12:23PM
More than a quarter of working renter households spends more than half of income on housing
The Huffington Post - 10:59AM
Peter G. Miller: Down Payment Debate Flares Again
CNBC - 10:37AM
Investors Pile Into Housing Even as Prices Rise
S&P/Case Shiller - 10:36AM
Principal Forgiveness, Still The Best Way To Limit U.S. Mortgage Redefaults, Is Becoming More Prevalent
The Huffington Post - 10:35AM
Mel Watt Picks Up GOP Backing As White House Loan-Forgiveness Scheme Gets Validation
freddiemac.mwnewsroom.com - 10:09AM
Freddie Mac: Mortgage Rates Keep Pushing Lower
Bloomberg - 12:28PM
BOJ's Kuroda Says Economic Recovery May Be Clear From Mid-2013 - Bloomberg

Today's Comments

	MBS Live Chat - 1:50PM "with the ism employment numbers, higher claims middle of last month, lower adp, nfp sure seems like a miss low..."
	MBS Live Chat - 1:52PM "Guys are we in a bubble? Trying to get varying opinions. Only reason I "humbly" think no is because aside from the supply/demand difference. the buyers today are qualified, full doc'd, and majority 30 fixed...."
	MBS Live Chat - 1:53PM "also..i'm trying to get a borrower off the fence and act already. He's been on the sidlines for 6 months already with offers passing him by on a monthly basis...."
	MBS Live Chat - 1:54PM "here is an blog from mish, on that subject http://globaleconomicanalysis.blogspot.com/2013/04/here-we-go-again-builders-hold.html..."
	MBS Live Chat - 1:55PM "fha mips..."
	MBS Live Chat - 1:56PM "perpetual... when does that start again? the mortgagee letter i'm looking at says case files on or after May 6th, 2013..."
	MBS Live Chat - 1:56PM "but i'm hearing another source saying it's June 3rd...."
	MBS Live Chat - 1:56PM "which is correct?..."
	MBS Live Chat - 1:56PM "I thought June..."
	MBS Live Chat - 1:57PM "Yes, June 3rd..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.41%

+0.03

15 Yr FRM

2.71%

+0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.54%

+0.00

5/1 Yr ARM

2.96%

-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%

0.50

-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

3.35%

0.70

-0.05

15 Yr. Fixed

2.56%

0.70

-0.05

1 Yr. ARM

2.56%

0.30

-0.06

5/1 Yr. ARM

2.56%

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

104-21

-0-02

30YR FNMA 3.5

106-16

-0-02

30YR GNMA 3.0

106-14

-0-02

30YR GNMA 3.5

108-25

-0-03

15YR FNMA 3.0

105-18

0-00

15YR FNMA 2.5

104-17

-0-02

Treasuries

Yield

Change

2 YR

0.1997%

-0.0038

5 YR

0.6473%

-0.0048

10 YR

1.6255%

-0.0035

30 YR

2.8211%

-0.0045

Prices as of: 5/2/2013 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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