Daily Newsletter: Tuesday February 11, 2014

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30 Year Fixed

                                                                4.36%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                3.39%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.73%
                                                                  
                                                                +0.0530

FNMA 30YR 3.5

                                                                101-07
                                                                  
                                                                -0-15

FNMA 15YR 2.5

                                                                103-07
                                                                  
                                                                -0-09

View Today's Rates

Tuesday February 11, 2014

MND NewsWire - 10:52AM

Home Prices Growing Slower; Declining in some Spots

Home price movement was mixed across metropolitan areas (MSAs) in the fourth quarter of 2013 the National Association of Realtors® (NAR) said today. Median prices rose in fewer ...

Mortgage Rate Watch - 4:59PM

Mortgage Rates Higher After Yellen Testimony

Mortgage rates were higher today following new Fed Chair Yellen's first scheduled testimony before the House Financial Services Committee. Most of the damage was done early in the day ...

MBS Commentary - 12:21PM

MBS MID-DAY: Bond Markets Markedly Weaker After Yellen Testimony

If there was any doubt as to the market-moving potential of today's Congressional testimony from Janet Yellen, it was quickly cleared up this morning. Well before she began her question ...

MND NewsWire - 10:29AM

Price Expectations Moderating; Credit Availability Improving -Fannie Survey

Fannie Mae said today that an improvement in American's attitudes about the ease of getting a mortgage may offset a declining perception about home prices, allowing for continued if ...

Latest Video

Wells Fargo CFO: In midst of good housing recovery

Home prices gain less

Yellen: QE pushed down mortgage rates

More News from 'Around the Web'

National Housing Conference - 5:32PM
The affordable housing future must include manufactured housing
WSJ - 5:31PM
Is U.S. Housing Unaffordable? It Depends on How You Chart It
WSJ - 5:31PM
Yellen Succeeds on the Hill by Not Delivering Color'
Market Watch - 3:10PM
Goldman, BofA face $16 billion in FHFA-related fines
www.aei-ideas.org - 3:10PM
Why is Janet Yellen so concerned and disturbed about income inequality?
WSJ - 1:34PM
California's Affordable Housing Crisis
CNBC - 1:33PM
Fewer affordable houses, even as credit eases
Market Watch - 1:21PM
Treasurys hold losses after 3-year note auction
WSJ - 12:45PM
Fed Urges Emerging Markets to Take Heftier Policy Actions to Stem Capital Flight
CNBC - 12:41PM
Fed's Plosser 'worried' about rate moves
www.gallup.com - 10:56AM
U.S. Economic Confidence at Lowest Level Since December
business.time.com - 10:56AM
Your Homeowner's Insurance Is Soaring Thanks to Hail From 5 Years Ago
CNBC - 10:53AM
Yellen defends Fed, cites 'unusual times'
Reuters - 9:33AM
Tough winter making U.S. economic assessment difficult: Fed's Plosser
CNBC - 9:28AM
Yellen sees better economy, less money-printing
CNBC - 8:16AM
Should bankers swear an oath to God?
CNBC - 8:15AM
US bonds await Yellen testimony to Congress
Bloomberg - 12:03AM
Treasury Futures Are Near Three-Month High Before Yellen Speaks - Bloomberg
blog.redfin.com - 12:03AM
Home Inspection 101 What We Cover in Class
www.cfpbmonitor.com - 12:03AM
CFPB explores HMDA changes

Today's Comments

	MBS Live Chat - 2:24PM "I hate to add more bureacracy, but we need a national housing policy. What is the federal government's role, if any, in the housing market?..."
	MBS Live Chat - 2:25PM "How about we just dismantle a few first before we create more?..."
	MBS Live Chat - 2:25PM "I would be very hard pressed to ever say more gov is the answer..."
	MBS Live Chat - 2:27PM "Government guarantee seems to be worth more than anything private market participation can come up with..."
	MBS Live Chat - 2:27PM "I think government involvement in the housing market is probably at its historical height. Are we okay with this platform? I am...."
	MBS Live Chat - 2:27PM "Seriously, without a government backstop, the mortgage market would be even more convoluted...."
	MBS Live Chat - 2:29PM "Government should have a sub-prime GSE.....I've been saying that since 2007..."
	MBS Live Chat - 2:29PM "they do..."
	MBS Live Chat - 2:29PM "fha..."
	MBS Live Chat - 2:29PM "I think the platform could be tweaked a bit. And that's probably what we'll end up with, as opposed to an outright death of Fannie/Freddie...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.36%

+0.04

15 Yr FRM

3.39%

+0.03

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.27%

+0.04

5/1 Yr ARM

3.25%

+0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.61%

1.06

-0.10

30 Yr. Fixed

4.48%

1.36

-0.10

MBA **

30 Yr. Fixed

4.47%

0.25

-0.05

15 Yr. Fixed

3.53%

0.28

-0.06

30 Yr. Jumbo

4.42%

0.11

-0.05

30 Yr. FHA

4.12%

0.15

-0.06

5/1 ARM

3.15%

0.41

-0.10

Freddie Mac **

30 Yr. Fixed

4.23%

0.70

-0.09

15 Yr. Fixed

3.33%

0.70

-0.07

1 Yr. ARM

2.51%

0.50

-0.04

5/1 Yr. ARM

3.08%

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

96-26

-0-15

30YR FNMA 3.5

101-07

-0-15

30YR GNMA 3.0

98-25

-0-11

30YR GNMA 3.5

102-19

-0-14

15YR FNMA 3.0

103-07

-0-09

15YR FNMA 2.5

100-08

-0-10

Treasuries

Yield

Change

2 YR

0.3351%

+0.0238

5 YR

1.5344%

+0.0606

10 YR

2.7259%

+0.0530

30 YR

3.6898%

+0.0344

Prices as of: 2/11/2014 4:29PM 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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