Daily Newsletter: Friday February 28, 2014

This website requires Javascrip to run properly.

Newsletter Preview

View our most recent newsletter below, or use the date selector to view past newsletters.

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed

                                                                4.38%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.40%
                                                                  
                                                                +0.01

10YR Treasury

                                                                2.66%
                                                                  
                                                                +0.0106

FNMA 30YR 3.5

                                                                101-12
                                                                  
                                                                -0-03

FNMA 15YR 2.5

                                                                103-17
                                                                  
                                                                -0-01

View Today's Rates

Friday February 28, 2014

MND NewsWire - 10:02AM

Weather Continues to Hamper Home Sales

Pending sales changed little from December to January the National Association of Realtors® (NAR) said today. That is not surprising as the bad weather NAR blamed for the lackluster ...

Mortgage Rate Watch - 2:48PM

Mortgage Rates Lose Some Ground After Stronger Data

Mortgage rates rose slightly today ending a strong 3-day move lower. The weakness followed this morning's economic data, but the bond markets that indirectly influence rates were already ...

Pipeline Press - 9:42AM

Realtor Lawsuit; Ocwen in the Hotseat - Who is William Erby? Bank Mergers Continue, Shrinking Numbers

It has been quite a week, visiting mortgage and banking folks in California, Kansas, and now Texas. There are a lot of good, experienced personnel out there, and a lot of optimists ...

MBS Commentary - 12:41PM

MBS MID-DAY: Weaker After Econ Data but Still in The Game

Bond markets went into the locker room after this morning's econ data fairly discouraged, but not enough to give up. That was less obviously the case between 10 and 11am when MBS were ...

Latest Video

Very bullish on housing: LaVorgna

The Week Ahead: Jobs report out Friday

Santelli: Traders watching markets & yield curves

More News from 'Around the Web'

WSJ - 1:49PM
Last Year's Taper Tantrum May Have Been Taste of the Future, Paper Says
WSJ - 1:48PM
Fed's Evans Is Willing to Risk Higher Inflation to Boost Hiring
Market Watch - 1:46PM
Fed's Evans, Plosser clash over rate policy rules
CNBC - 12:15PM
Kocherlakota on instability concerns
CNBC - 12:13PM
Four million homeowners now 'above water'
Market Watch - 12:12PM
Fed's Stein: Bond funds can be risk to stability
freddiemac.mwnewsroom.com - 12:11PM
Freddie Mac Releases 2014 Multifamily Economic Outlook
Market Watch - 10:00AM
The Week in Charts: Housing survives winter, but buying plans drop
Market Watch - 9:09AM
Goldman faces fixed-income probe
WSJ - 8:44AM
A Second Act for Large Loans
CNBC - 8:43AM
US economy lost steam in fourth quarter
Market Watch - 8:43AM
Fed's Plosser: Still optimistic despite noisy data
CNBC - 8:26AM
Soft data unlikely to change outlook: Fed's Bullard
NAFCU - 8:26AM
CFPB presses consumer access to credit scores

Today's Comments

	MND NewsWire - 10:34AM "It's the weather, really? When sales were up in the northeast and down in the west. Look at the drop in the index since rates started rising last summer. It's a pretty strong correlation...."
	MBS Live Chat - 12:13PM "next week's job forecasts are low...."
	MBS Live Chat - 12:32PM "Will traders adjust their buying/selling over the next week in anticipation of those expected numbers?..."
	MBS Live Chat - 12:34PM "not really. They already know about them. Bigger adjustment likely from "month-end" being over...."
	MBS Live Chat - 12:35PM "ISM on Monday and ADP on Wednesday also more likely to cause adjustment than forecasts...."
	MBS Live Chat - 2:57PM "had a customer tell me that "3.125% was all over the internet"..."
	MBS Live Chat - 2:59PM "yeah, and UFOS and Bigfoot are all over the internet too..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.38%

+0.03

15 Yr FRM

3.40%

+0.01

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.24%

+0.02

5/1 Yr ARM

3.23%

+0.00

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

4.53%

0.31

+0.03

15 Yr. Fixed

3.56%

0.28

+0.01

30 Yr. Jumbo

4.47%

0.13

+0.02

30 Yr. FHA

4.17%

0.20

+0.01

5/1 ARM

3.17%

0.31

-0.03

Freddie Mac **

30 Yr. Fixed

4.37%

0.70

+0.04

15 Yr. Fixed

3.39%

0.70

+0.04

1 Yr. ARM

2.52%

0.40

-0.05

5/1 Yr. ARM

3.05%

0.50

-0.03

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

97-04

-0-04

30YR FNMA 3.5

101-12

-0-03

30YR GNMA 3.0

99-03

-0-01

30YR GNMA 3.5

102-28

-0-02

15YR FNMA 3.0

103-17

-0-01

15YR FNMA 2.5

100-16

-0-03

Treasuries

Yield

Change

2 YR

0.3248%

+0.0003

5 YR

1.5114%

+0.0244

10 YR

2.6565%

+0.0106

30 YR

3.5924%

-0.0034

Prices as of: 2/28/2014 4:00PM 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.

View this Report in your Web Browser | Forward to a Friend | Subscribe