Daily Newsletter: Monday March 10, 2014

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30 Year Fixed

                                                                4.51%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.52%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.78%
                                                                  
                                                                -0.0127

FNMA 30YR 3.5

                                                                100-24
                                                                  
                                                                +0-06

FNMA 15YR 2.5

                                                                103-04
                                                                  
                                                                +0-02

View Today's Rates

Monday March 10, 2014

Mortgage Rate Watch - 3:35PM

Mortgage Rates Pause Near 2-Month Highs

Mortgage rates leveled-off today , after rising to 2-month highs after last Friday's Employment Situation ('Jobs Report'). Today's rates were just slightly lower, but apart from Friday ...

MBS Commentary - 11:55AM

MBS MID-DAY: Calm Morning For Bonds; CFPB's Double-edged Sword; 5/3rd Exiting Wholesale

Domestic market movers have been in limited supply so far today. Bond markets have paid some attention to tradeflows surrounding big corporate deals . These are led today by another ...

MND NewsWire - 11:24AM

Housing Recovery Continuing, but not yet Robust -Fannie Survey

Americans expectations regarding home prices ticked up decisively in February, both in terms of anticipating continued price increases and in the size of such gains. Fannie Mae's National ...

MND NewsWire - 11:07AM

Housing Scorecard Focuses on Principal Reduction Program

The February edition of the Obama Administrations Housing Scorecard was released late Friday by the Departments of Treasury and Housing and Urban Development along with the monthly ...

Latest Video

Definitely positioned for higher rates: Strategist

Housing's big chill expecting spring thaw

European markets close: Huge concerns in China

More News from 'Around the Web'

www.cfpbmonitor.com - 3:56PM
Latest CFPB amicus brief reveals ongoing focus on time-barred debt
Bloomberg - 3:56PM
Senate Leaders Seek to Pass House Flood-Insurance Bill - Bloomberg
CNBC - 3:55PM
Corporate debt fever rises to new record in 2014
Reuters - 2:42PM
Evans says flatly: Fed will keep trimming bond purchases
NAHB - 2:39PM
NAHB Study Reveals Key Differences in Home Preferences Based on Race or Ethnicity
Market Watch - 1:24PM
What one big fund is saying about Fannie, Freddie
Bloomberg - 1:24PM
U.S. Projects $179 Billion Profit From Fannie Mae, Freddie Mac - Bloomberg
CNBC - 1:23PM
Five years later, 'still traumatized' by market
www.freddiemac.com - 1:22PM
Affordable Multifamily Housing: Weighing the Options
freddiemac.mwnewsroom.com - 1:04PM
Freddie Mac Announces Third Multifamily Securities Offering This Year, K-037
Reuters - 11:30AM
U.S. Supreme Court to decide if IndyMac MBS plaintiff filed too late
NY Fed - 11:26AM
New York Fed survey shows consumer expectations for labor market and household financial conditions remain steady
Washington Post - 10:35AM
A single paragraph that explains why unemployment is still so high
Washington Post - 10:34AM
D.C. area housing market languished in February
CNBC - 10:25AM
Housing chill more than weather: Hovnanian
WSJ - 9:06AM
CFPB gets painful lesson in "disparate impact"
www.npr.org - 8:42AM
Big Investors Boosting Home Prices, And Not Everyone's Pleased
Bloomberg - 8:42AM
Westhus Reaping Fannie Windfall to Rival Big Short: Mortgages - Bloomberg
Reuters - 8:41AM
U.S. jobs growth last month hit by weather: Fed's Plosser
Market Watch - 8:37AM
Treasurys edge lower ahead of $64 bln in auctions

Today's Comments

	MBS Live Chat - 9:00AM "interesting Op-Ed in todays WSJ on CFPB having issues with disparate treatment in house. http://online.wsj.com/news/articles/SB10001424052702303824204579423721516531650?mod=ITP_opinion_0&mg=reno64-wsj..."
	MBS Live Chat - 9:15AM "The last sentence is what I am paying most attention to and one that I hope the CFPB is as well. "The more important question is whether the bureau will reconsider its commitment to the disparate-impact doctrine after witnessing its flaws firsthand."..."
	MBS Live Chat - 10:55AM "anyone hear a rumor 5/3 exied wholesale today?..."
	MBS Live Chat - 11:58AM "Just got confirmation from a 5/3 AE that they are indeed existing wholesale...."
	MBS Live Chat - 1:09PM "does 5/3 advise why they are exiting?..."
	MBS Live Chat - 1:12PM "AP: As you are aware, there have been significant changes within the mortgage industry over the past several years. Fifth Third conducts regular reviews of the industries we serve based on the changing competitive and regulatory environment. Based on the current environment, and after careful consideration..."
	MBS Live Chat - 2:00PM "RTRS - FED'S EVANS: MBS PURCHASES CAN BE RUN OFF THROUGH MATURITIES, NOT SOLD OFF, IN FUTURE..."
	MBS Live Chat - 2:00PM "that's a great statement..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.51%

-0.02

15 Yr FRM

3.52%

-0.02

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.36%

-0.02

5/1 Yr ARM

3.25%

+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

4.47%

0.28

-0.06

15 Yr. Fixed

3.52%

0.18

-0.04

30 Yr. Jumbo

4.37%

0.20

-0.10

30 Yr. FHA

4.13%

0.13

-0.04

5/1 ARM

3.09%

0.38

-0.08

Freddie Mac **

30 Yr. Fixed

4.28%

0.70

-0.09

15 Yr. Fixed

3.32%

0.60

-0.07

1 Yr. ARM

2.52%

0.30

+0.00

5/1 Yr. ARM

3.03%

0.40

-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

96-12

+0-06

30YR FNMA 3.5

100-24

+0-06

30YR GNMA 3.0

98-12

+0-06

30YR GNMA 3.5

102-10

+0-06

15YR FNMA 3.0

103-04

+0-02

15YR FNMA 2.5

100-03

+0-01

Treasuries

Yield

Change

2 YR

0.3735%

+0.0002

5 YR

1.6248%

-0.0148

10 YR

2.7788%

-0.0127

30 YR

3.7215%

-0.0026

Prices as of: 3/10/2014 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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