Daily Newsletter: Friday May 3, 2013

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30 Year Fixed

                                                                3.49%
                                                                  
                                                                +0.08

15 Year Fixed

                                                                2.74%
                                                                  
                                                                +0.03

10YR Treasury

                                                                1.74%
                                                                  
                                                                +0.1162

FNMA 30YR 3.5

                                                                106-04
                                                                  
                                                                -0-12

FNMA 15YR 2.5

                                                                105-12
                                                                  
                                                                -0-06

View Today's Rates

Friday May 3, 2013

Mortgage Rate Watch - 4:03PM

Mortgage Rates Jump Higher Following Employment Report

Mortgage rates shot higher at their fastest pace in two months after this morning's hotly anticipated Employment Situation Report showed that job creation in April was better than expected ...

MND NewsWire - 1:02PM

Thousands More FHA Loans set for Auction Block

Approximately 20,000 severely delinquent FHA-guaranteed mortgage loans will be offered to investors through two Department of Housing and Urban Development ( HUD ) sponsored auctions ...

MND NewsWire - 10:58AM

CFPB Publishes User Friendly Compliance Guides

The Consumer Financial Protection Bureau (CFPB) has just published three compliance guides to help both lenders and consumers understand some of the new rules issued by the agency. ...

MND NewsWire - 1:43PM

GSEs Analyze Stand-Alone Value of Multi-family Businesses

Each of the government sponsored enterprises ( GSEs ) has released a report analyzing the viability of their multifamily operations under a scenario divorcing them from the parent company ...

Latest Video

Futures Now: Trouble in Treasurys?

Santelli's Digs Deep Into Jobs Numbers

S&P 500 Breaks 1,600 For First Time

More News from 'Around the Web'

WSJ - 3:29PM
Is a Home Warranty Necessary in a Hot Market?
Reuters - 3:28PM
Housing regulator lifts objection to $8.5 billion BofA deal
Bloomberg - 1:21PM
Fed's Lacker Says More QE Won't Boost Growth While Posing Risk - Bloomberg
CNBC - 1:16PM
Housing Recovery Shows Up In Job Gains
CNBC - 11:35AM
Job Growth Likely to Slow in 2013: Goldman Sachs
Bloomberg - 11:34AM
American Capital Agency Slumps as Mortgage Strategy Backfires - Bloomberg
Fannie Mae - 11:30AM
Statements - Jeffery Hayward - Release of Multifamily Market ...
FHFA - 11:16AM
FHFA Releases Fannie and Freddie Reports on Viability of Their Multifamily Businesses Without Government Guarantees
WSJ - 10:25AM
Economists React: Last Month Largely a False Alarm'
www.aei.org - 10:24AM
Five myths about the Federal Housing Administration
Reuters - 10:23AM
Factory orders fall sharply in March
CNBC - 10:22AM
Services Sector Growth Weakest in 9 Months
CNBC - 10:21AM
Promised Turnaround for Europe Has a Big Error Rate
CNBC - 10:21AM
Jobs Report: Well, That Was Embarrassing...
www.cfpbmonitor.com - 9:06AM
CFPB issues report on servicemember complaints
The Basis Point - 9:03AM
How Mortgage Quality Improved 1999-2012: BAML

Today's Comments

	MBS Live Chat - 2:00PM "RTRS - FED'S LACKER SAYS RECOVERY IN US HOUSING MARKET MEANS FED SHOULD SHIFT COMPOSITION OF ITS BALANCE SHEET AWAY FROM MBS..."
	MBS Live Chat - 2:00PM "RTRS - LACKER SAYS FED SHOULD BE THINKING ABOUT HOW TO GET OUT OF THE MBS MARKET, SAYS SHIFT COULD BE OVER A COUPLE OF YEARS..."
	MBS Live Chat - 2:01PM "i love how they want toshift polivy based on on good month..."
	MBS Live Chat - 2:01PM "RTRS- FED'S LACKER SAYS THERE IS A RISK FED BUYING OF MBS COULD OVER-STIMULATE US HOUSING MARKET..."
	MBS Live Chat - 2:01PM "you'll love this then too DK:..."
	MBS Live Chat - 2:01PM "RTRS - FED'S LACKER SAYS WEAKER READING ON MARCH JOBS REPORT LOOKS LIKE AN OUTLIER..."
	MBS Live Chat - 2:25PM "REPRICE : 2:25 PM - Caliber Funding Worse..."
	MBS Live Chat - 2:45PM "REPRICE : 2:45 PM - Franklin American Worse..."
	MBS Live Chat - 3:15PM "REPRICE : 3:15 PM - Interbank Worse..."
	MBS Live Chat - 3:49PM "REPRICE : 3:49 PM - Nationstar Worse..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.49%

+0.08

15 Yr FRM

2.74%

+0.03

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.60%

+0.06

5/1 Yr ARM

2.95%

-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

104-01

-0-20

30YR FNMA 3.5

106-04

-0-12

30YR GNMA 3.0

105-23

-0-23

30YR GNMA 3.5

108-12

-0-13

15YR FNMA 3.0

105-12

-0-06

15YR FNMA 2.5

104-07

-0-10

Treasuries

Yield

Change

2 YR

0.2198%

+0.0201

5 YR

0.7273%

+0.0800

10 YR

1.7417%

+0.1162

30 YR

2.9568%

+0.1357

Prices as of: 5/3/2013 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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