Daily Newsletter: Friday May 24, 2013

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30 Year Fixed

                                                                3.81%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                2.97%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.01%
                                                                  
                                                                -0.0086

FNMA 30YR 3.5

                                                                104-18
                                                                  
                                                                -0-02

FNMA 15YR 2.5

                                                                104-17
                                                                  
                                                                -0-02

View Today's Rates

Friday May 24, 2013

MND NewsWire - 10:42AM

Delinquency Rate Hits Post Housing Crisis Low for Freddie Mac

Freddie Mac said today that its total mortgage portfolio i ncreased by $951 million in April to $1.949 trillion , an increase of 0.6 percent. This was the second straight month the ...

Pipeline Press - 10:03AM

Government Furlough Days; H.R. 1077's Impact on QM And 3% Limit; MBA on GSE risk sharing

T he IRS, furlough days, and the possible impact on 4506 transcript processing . I first heard about it through a Mountain West Financial e-mail: "The IRS announced the first 5 furlough ...

Mortgage Rate Watch - 2:47PM

Mortgage Rates Hold Steady Ahead of 3-Day Weekend

Mortgage rates finally paused their relentless push higher today, holding at unchanged levels compared to yesterday's latest rate sheets on average. Some lenders were slightly better ...

MBS Commentary - 4:31PM

MBS RECAP: Technically an Early Close, but Buyers Never Showed Up

MBS Live : MBS Afternoon Market Summary After a morning fraught with volatility, MBS finally bounced just after the noon hour. Even then, such a bounce wasn't really indicative of much ...

MBS MID-DAY: Negative Reprices in the AM: Breakfast of Champions

Latest Video

The Accidental Landlord

Fed Talk Driving Market Action

US Durable Goods Up 3.3 Percent

More News from 'Around the Web'

CNBC - 3:16PM
More Evidence Banks Violated Mortgage Pact: NY AG
WSJ - 12:54PM
Fed's Bullard: ECB May Have to Consider New Stimulus Measures
OCC - 12:52PM
Independent Foreclosure Review Payments Near $2.3 Billion
Bloomberg - 10:47AM
Fed's Payments to Treasury Down 36% in 1st Quarter From Year Ago - Bloomberg
Reuters - 9:25AM
Durable goods orders rise, point to factory sector resilience
CNBC - 9:23AM
Underwater Borrowers Becoming Accidental Landlords
freddiemac.mwnewsroom.com - 8:49AM
Freddie Mac Issues Monthly Volume Summary for April 2013
CNBC - 8:08AM
Bank's Lobbyists Help in Drafting Bills
CNBC - 8:04AM
US Stocks Seen Higher on Global Market Turnaround

Today's Comments

	MBS Live Chat - 11:49AM "REPRICE : 11:49 AM - Flagstar Worse..."
	MBS Live Chat - 11:49AM "MG- nice call on the lock em up at 11:20..."
	MBS Live Chat - 11:55AM "REPRICE : 11:55 AM - Wells Fargo Worse..."
	MBS Live Chat - 11:58AM "uw question - i have a self employed with a car payment. He also writes off work mileage. Can i add back mileage... i'm tight on ratios..."
	MBS Live Chat - 12:01PM "MH a portion of the millage is depreciation, I just found this out recently, so if he takes the per mile deduction, you can add back the depreciation portion of per mile write off. I do not know the exact numbers, but I just learned this was possible the other day..."
	MBS Live Chat - 12:04PM "MH you can add back "Business Mileage" using the current rate which I can't remember at this point. Somewhere between 20 and 23 cents I think per mile...."
	MBS Live Chat - 12:05PM "agree to the .23 I think Hugh - Hodge, search mileage in the comments, we were just talking about it a few days ago..."
	MBS Live Chat - 12:02PM "REPRICE : 12:02 PM - NYCB Worse..."
	MBS Live Chat - 12:04PM "REPRICE : 12:04 PM - AMC Worse..."
	MBS Live Chat - 12:58PM "REPRICE : 12:58 PM - Chase Worse..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.81%

+0.00

15 Yr FRM

2.97%

+0.00

FHA 30 Year Fixed

3.35%

+0.00

Jumbo 30 Year Fixed

3.93%

+0.01

5/1 Yr ARM

3.02%

-0.03

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.96%

0.83

+0.12

30 Yr. Fixed

3.74%

1.06

+0.12

MBA **

30 Yr. Fixed

3.78%

0.39

+0.11

15 Yr. Fixed

2.96%

0.32

+0.08

30 Yr. Jumbo

3.93%

0.36

+0.06

30 Yr. FHA

3.53%

0.13

+0.10

5/1 ARM

2.60%

0.23

+0.05

Freddie Mac **

30 Yr. Fixed

3.59%

0.70

+0.08

15 Yr. Fixed

2.77%

0.70

+0.08

1 Yr. ARM

2.55%

0.40

+0.00

5/1 Yr. ARM

2.63%

0.50

+0.01

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

101-20

-0-02

30YR FNMA 3.5

104-18

-0-02

30YR GNMA 3.0

102-31

-0-02

30YR GNMA 3.5

106-14

-0-02

15YR FNMA 3.0

104-17

-0-02

15YR FNMA 2.5

102-23

-0-04

Treasuries

Yield

Change

2 YR

0.2513%

+0.0048

5 YR

0.8882%

-0.0060

10 YR

2.0107%

-0.0086

30 YR

3.1754%

-0.0152

Prices as of: 5/24/2013 2:06PM 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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