Daily Newsletter: Wednesday February 5, 2014

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30 Year Fixed

                                                                4.33%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.37%
                                                                  
                                                                +0.02

10YR Treasury

                                                                2.67%
                                                                  
                                                                +0.0435

FNMA 30YR 3.5

                                                                101-12
                                                                  
                                                                -0-10

FNMA 15YR 2.5

                                                                103-07
                                                                  
                                                                -0-02

View Today's Rates

Wednesday February 5, 2014

Mortgage Rate Watch - 5:17PM

Mortgage Rate Rally Continues Cooling Ahead of Important Data

Mortgage rates were higher again today, further pulling back from a recent run to the lowest levels in nearly 3 months. Like yesterday, today's rise wasn't severe and borrowers wishing ...

MND NewsWire - 8:46AM

Refinance Applications Slightly Improved, Offset by Drop in Purchase Apps

The volume of mortgage applications remained largely unchanged during the week ended January 31. The Mortgage Bankers Association's (MBA) Market Composite Index, a measure of the mortgage ...

Pipeline Press - 10:28AM

More on EPO; Divining Industry Trends from Bank Earnings, Radian Results, & Green Tree's Broker Biz Exit

The CFPB is expected to spend a lot of time in 2014 on the closing process , and it has a round of public comments due February 7. It was put out early last month, and has only 17 questions ...

MBS Commentary - 12:47PM

MBS MID-DAY: Bonds Start Strong, Lose Ground as Stocks Hold Theirs

It's important to note that a majority of today's movement has arrived BETWEEN the two big instances of economic data as opposed to immediately in their wake. It's equally important ...

Latest Video

Liesman: Expectations for Friday's jobs

MBA: Purchase apps down

Fed's Lockhart: $10 billion taper is 'default mode'

More News from 'Around the Web'

NAHB - 5:34PM
Do Green Homes Really Deliver? New Study Tells All
Bloomberg - 4:39PM
Freddie Mac Said to Offer Higher Payout on Risk-Sharing Bonds - Bloomberg
Reuters - 4:39PM
A hawk pushes against majority at Fed on trimming stimulus
CNBC - 3:15PM
Fed's Lockhart: Stocks in correction mode; Market may have gotten ahead of itself
NAHB - 3:15PM
Industry Experts See Continued Improvement Going Forward in the 55+ Housing Market
House Financial Services - 2:01PM
Hensarling: Wall Street and Washington Must Be Held Accountable
NAHB - 2:00PM
Demand for Multifamily Housing will Continue to Rise in 2014 and Beyond
WSJ - 1:58PM
Mortgage Rates Hit Three-Month Low
Federal Reserve - 1:58PM
2014-11: The Interest Rate Elasticity of Mortgage Demand: Evidence From Bunching at the Conforming Loan Limit
National Housing Conference - 11:41AM
The Foreclosure Crisis Is Not Yet Over for U.S. Metros
www.cfpbmonitor.com - 11:41AM
Update on disparate impact lawsuit against HUD
Market Watch - 10:59AM
Judge throws BofA's $8.5 bln deal back in limbo
CNBC - 10:58AM
LA's priciest real estate? Not where you'd think
Bloomberg - 10:58AM
Genworth to Radian Lead Mortgage Insurer Rally - Bloomberg
American Bankers Assoc. - 9:46AM
ABA Real Estate Conference Addresses CFPB Rules, Business Challenges
CNBC - 9:45AM
Bonds beating stocks in 2014...so far
CNBC - 9:45AM
US stocks fluctuate at the start ahead of data on service sector
Market Watch - 8:28AM
Treasurys rise after ADP payrolls report
CNBC - 8:27AM
Chart of the Day: Cheaper to buy a bigger house
CNBC - 8:27AM
Mortgage applications stall despite sliding rates

Today's Comments

	MBS Commentary - 7:28AM "You nailed it...."
	MBS Live Chat - 1:25PM "RTRS - FED'S LOCKHART SAYS REASONABLE TO EXPECT TAPERING TO CONTINUE AT CURRENT PACE, WITH ASSET PURCHASES WOUND DOWN BY Q4..."
	MBS Live Chat - 2:48PM "20 yr and 10 yr got worse by 70 to 100 bps...any thoughts??..."
	MBS Live Chat - 2:50PM "Yes, they've all gotten worse by that much...Dont know why though..."
	MBS Live Chat - 3:01PM "Hey Matthew, were you able to find out anything on the 20 year fixed and 10 year fixed? I've been researching, but havent found anything..."
	MBS Live Chat - 3:03PM "not at first glance..."
	MBS Live Chat - 3:05PM "But when we're talking about these smaller-run issuances, given the size and the composition of MBS investors, these things can easily be a matter of one or two bigger players changing things up or simply being snowed in at home...."
	MBS Live Chat - 3:07PM "It's not the same sort of a market as, say, Treasury futures where if a couple hundred thousand contracts don't get bought, someone (or something) else won't step in and pick up the slack...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.33%

+0.02

15 Yr FRM

3.37%

+0.02

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.25%

+0.03

5/1 Yr ARM

3.22%

+0.03

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

4.32%

0.70

-0.07

15 Yr. Fixed

3.40%

0.60

-0.04

1 Yr. ARM

2.55%

0.40

+0.01

5/1 Yr. ARM

3.12%

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

97-03

-0-16

30YR FNMA 3.5

101-12

-0-10

30YR GNMA 3.0

98-27

-0-14

30YR GNMA 3.5

102-21

-0-10

15YR FNMA 3.0

103-07

-0-02

15YR FNMA 2.5

100-11

-0-04

Treasuries

Yield

Change

2 YR

0.3157%

+0.0039

5 YR

1.4918%

+0.0293

10 YR

2.6693%

+0.0435

30 YR

3.6486%

+0.0526

Prices as of: 2/5/2014 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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