Daily Newsletter: Tuesday May 28, 2013

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30 Year Fixed

                                                                4.00%
                                                                  
                                                                +0.19

15 Year Fixed

                                                                3.14%
                                                                  
                                                                +0.17

10YR Treasury

                                                                2.17%
                                                                  
                                                                +0.1581

FNMA 30YR 3.5

                                                                103-13
                                                                  
                                                                -1-05

FNMA 15YR 2.5

                                                                103-24
                                                                  
                                                                -0-25

View Today's Rates

Tuesday May 28, 2013

Mortgage Rate Watch - 6:16PM

Mortgage Rates Vault Catastrophically Higher

There is no adequately descriptive language for movement in Mortgage rates today. "Vaulting catastrophically higher" only begins to capture the brutality of the movement. Until today ...

MND NewsWire - 2:37PM

LPS Home Price Gains Match Case-Shiller; Appreciation Accelerating

The latest in the monthly rollout of reports on the housing sector's recovery, as reflected in house prices, came today with Case Shiller earlier and continued with Lender Processing ...

MND NewsWire - 10:45AM

Average Home Prices Back to Late 2003 Levels

S&P Dow Jones reported today that both its 10-City and 20-City Case-Shiller Composite Indices posted increases in the first quarter of 2013 that were more than 10 percent above ...

MBS Commentary - 8:54PM

MBS RECAP: Worst Day of Losses Since Black Wednesday

MBS Live : MBS Afternoon Market Summary An adapted excerpt from tonight's ratewatch post : If we had been fighting a battle for low rates, morale was high heading into the end of April ...

Latest Video

Santelli: Collateral Damage of QE Exit

Sustainable Recovery In Housing?

Will Housing Drive the Economy?

More News from 'Around the Web'

Reuters - 8:56PM
Analysis: Housing price gains mask lingering market weaknesses
WSJ - 2:48PM
Don't Believe New Housing Bubble Hype
WSJ - 2:48PM
Study: How Using Homes as ATMs Fueled Foreclosures
www.lpsvcs.com - 12:58PM
LPS Home Price Index Report: March Transactions
CNBC - 1:53PM
The Fed vs. Congress: Who is Enabling Whom?
WSJ - 2:51PM
Real Estate News: Flippers Ride Housing WaveAgain
CNBC - 11:06AM
Asset Purchases Taper Is Least of Banks' Worries
CNBC - 10:44AM
Home Price Gains Go to Double Digits
CNBC - 10:44AM
Homebuilders Ride the Wave of US Housing Recovery
CNBC - 10:44AM
US Consumer Confidence Surges to Highest Level in Five Years in May
Google News - 10:44AM
NAR: Commercial Real Estate Fundamentals Improving, Lending Tight for Small Business
www.lpsvcs.com - 9:25AM
Fidelity National Financial, Inc. to Acquire Lender Processing Services, Inc. for $33.25 per Common Share; Pro-Forma 2012 Earnings Accretion of 11.3%
CNBC - 9:19AM
Boom Is Back: US Home Prices Jump Most in Seven Years
CNBC - 9:13AM
US Metropolitan Home Prices Rose 10.9% in March From a Year Earlier: S&P/Case-Shiller
www.philadelphiafed.org - 9:07AM
Analysis: April Housing Permits Data

Today's Comments

MBS Live Chat - 1:55PM

"feel like giving a shout out to the chat community on here, I am a lone wolf, independent broker and I dont have an office, or a boss, just 1 assistant, and this last week especially it is nice to feel a part of this community and take in everyone opinions..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.00%

+0.19

15 Yr FRM

3.14%

+0.17

FHA 30 Year Fixed

3.55%

+0.20

Jumbo 30 Year Fixed

4.25%

+0.32

5/1 Yr ARM

2.95%

-0.07

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

100-07

-1-13

30YR FNMA 3.5

103-13

-1-05

30YR GNMA 3.0

101-11

-1-20

30YR GNMA 3.5

104-28

-1-18

15YR FNMA 3.0

103-24

-0-25

15YR FNMA 2.5

101-24

-0-31

Treasuries

Yield

Change

2 YR

0.2923%

+0.0410

5 YR

1.0149%

+0.1267

10 YR

2.1688%

+0.1581

30 YR

3.3261%

+0.1507

Prices as of: 5/28/2013 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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