Daily Newsletter: Thursday March 13, 2014

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30 Year Fixed

                                                                4.40%
                                                                  
                                                                -0.07

15 Year Fixed

                                                                3.42%
                                                                  
                                                                -0.06

10YR Treasury

                                                                2.64%
                                                                  
                                                                -0.0827

FNMA 30YR 3.5

                                                                101-08
                                                                  
                                                                +0-16

FNMA 15YR 2.5

                                                                103-12
                                                                  
                                                                +0-10

View Today's Rates

Thursday March 13, 2014

Mortgage Rate Watch - 4:30PM

Mortgage Rates Drop Significantly As Tension Mounts Over Ukraine

Mortgage rates moved significantly lower today after Secretary of State Kerry warned of repercussions for events in Ukraine. Crimea is set to hold a referendum on Sunday deciding whether ...

MND NewsWire - 12:51PM

MBA Sees Wintertime Volatility in Builder Survey

New home sales were up slightly in February the Mortgage Bankers Association (MBA) said today, but the increase was based on a substantially downgraded January estimate . MBA issues ...

MND NewsWire - 11:50AM

After Rising Last Month, Foreclosures Snap Back to 8 Year Low

After spiking 8 percent in January, foreclosures filings have resumed their downward spiral RealtyTrac said today. Its U.S. Foreclosure Market Report for February notes that filings ...

MBS Commentary - 12:29PM

MBS MID-DAY: Geopolitical Risk Trumps Data, Greatly Benefiting Bond Markets

Until 11:11am, the day may well have been about the fairly tepid reaction to stronger economic data. Treasuries had traded a super narrow range overnight, resulting in unchanged levels ...

Latest Video

Construction boom coming: Pro

Renters gain confidence in housing

Housing affordability very attractive: WFC CEO

More News from 'Around the Web'

Bloomberg - 4:54PM
Fed, Stress Tests, Crimea, U.K. Budget: Week Ahead March 15-22 - Bloomberg
The Huffington Post - 4:06PM
FBI Ranked Mortgage Fraud As Lowest Criminal Threat After Crisis: Justice Department
The Huffington Post - 4:05PM
The Median Home Price Is $188,900. Here's What That Actually Buys You.
Reuters - 2:36PM
U.S. budget deficit smaller than expected in February
CNBC - 2:35PM
Winter heating bills hit homehard
DataQuick - 2:12PM
DataQuick: February Bay Area Home Sale Press Release
Market Watch - 2:09PM
The Fed: Fischer says Fed doing all it can to help economy
Washington Post - 1:25PM
DOJ inspector general says department is not as tough as it claims on mortgage fraud
Bloomberg - 12:07PM
Fannie Mae Investors' Fate to Be Decided by Courts, Crapo Says - Bloomberg
CNBC - 10:47AM
Mortgage fraud low priority at Justice: New report
blog.redfin.com - 10:21AM
West Coast Home Sales Hit Lowest Point in Five Years
Reuters - 10:20AM
U.S. business inventories up, sales post largest drop in 10 months
blog.redfin.com - 10:20AM
Homebuyers Hesitate in February
freddiemac.mwnewsroom.com - 10:15AM
Fixed Mortgage Rates Edge Up
CNBC - 8:57AM
US bond market awaits $13 billion Treasury auction
Reuters - 8:56AM
U.S. retail sales rise a bit more than expected in February
Reuters - 8:56AM
U.S. jobless claims fall to new three-month low
Reuters - 8:56AM
U.S. import prices post largest gain in a year
CNBC - 8:56AM
Corker: Deal to end Fannie, Freddie is just right
www.federalregister.gov - 8:29AM
Federal Housing Administration (FHA): Handling Prepayments: Eliminating Post-Payment Interest Charges

Today's Comments

	MBS Live Chat - 11:32AM "RTRS- U.S. SECRETARY OF STATE KERRY SAYS IF REFERENDUM ON UKRAINE'S CRIMEA GOES AHEAD, THERE WILL BE A 'SERIOUS SERIES OF STEPS' ON MONDAY FROM U.S. AND EUROPE AGAINST RUSSIA..."
	MBS Live Chat - 11:32AM "RTRS- KERRY: THERE ARE CONTINGENCIES IN PLACE IN CASE RUSSIAN FORCES MOVE FARTHER EAST INTO UKRAINE, HOPES TO AVOID THAT BUT 'NO TELLING THAT WE CAN'..."
	MBS Live Chat - 11:34AM "definitely a market reaction to these headlines..."
	MBS Live Chat - 3:05PM "if a borrower hates his servicer so much that he is willing to refinance and get the same payment just to get away from that servicer, is that a viable tangible benefit?..."
	MBS Live Chat - 3:05PM "from FHA to conventional..."
	MBS Live Chat - 3:06PM "you could argue better MI, dropping it earlier, rather than arguing payment..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.40%

-0.07

15 Yr FRM

3.42%

-0.06

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.24%

-0.07

5/1 Yr ARM

3.25%

+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%

0.28

-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

4.37%

0.60

+0.09

15 Yr. Fixed

3.38%

0.60

+0.06

1 Yr. ARM

2.48%

0.40

-0.04

5/1 Yr. ARM

3.09%

0.40

+0.06

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

+0-18

30YR FNMA 3.5

101-08

+0-16

30YR GNMA 3.0

99-02

+0-23

30YR GNMA 3.5

102-25

+0-20

15YR FNMA 3.0

103-12

+0-10

15YR FNMA 2.5

100-14

+0-13

Treasuries

Yield

Change

2 YR

0.3380%

-0.0279

5 YR

1.5147%

-0.0723

10 YR

2.6437%

-0.0827

30 YR

3.5923%

-0.0775

Prices as of: 3/13/2014 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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