Daily Newsletter: Friday March 14, 2014

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30 Year Fixed

                                                                4.39%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                3.42%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.65%
                                                                  
                                                                +0.0088

FNMA 30YR 3.5

                                                                101-02
                                                                  
                                                                -0-06

FNMA 15YR 2.5

                                                                103-06
                                                                  
                                                                -0-06

View Today's Rates

Friday March 14, 2014

MBS Commentary - 12:20PM

MBS MID-DAY: Bond Markets Cope With Volatility Surrounding Ukraine Headlines

The morning has seen rapid swings between highs and lows for stocks, bonds, MBS, and just about everything else. As expected, the logical impact from economic data fell by the wayside ...

Mortgage Rate Watch - 3:16PM

Mortgage Rates Higher in Afternoon, Lower Overall

Mortgage rates managed to log another day of improvement today, this time more modest compared to yesterday's big move. Rate sheets were best in the morning, but deteriorating conditions ...

MND NewsWire - 1:21PM

Building a Better House Price Index With MLS Data

Two Federal Reserve economists have developed a home price index which they claim operates in a more real time environment than those indices currently accepted as the industry standard ...

Pipeline Press - 11:34AM

Pi Day; Primer on MBS Issuance; LendingTree Lawsuit; Bank M&A; How About These Rates!

Who doesn't love a good 'Top 10' list? If it wasn't for top ten lists, and videos of cats dancing, the internet would be reserved for its intended purpose: governmental communication ...

MBS Day Ahead: Limited Event Calendar Leaves Focus on Geopolitical Risk

Latest Video

Assessing geopolitical threats to US market

Bonds in bubble trouble?

Warren Buffett: Wells Fargo & U.S. Bank in very good shape

More News from 'Around the Web'

www.cfpbmonitor.com - 3:55PM
Did the CFPB Run a Stop Sign?
WSJ - 3:54PM
Overseas Treasury Holdings at Fed Post Record Drop
CNBC - 2:26PM
Unlock the smart home: Start-up eyes keyless doors
WSJ - 2:25PM
Degrees Make the Loan
Reuters - 2:23PM
Fed's Fisher says U.S. housing on 'sustainable rebound'
rss.nytimes.com - 2:23PM
California Sued Over Diversion of Money From National Mortgage Settlement
CNBC - 2:22PM
Efforts to kill Fannie-Freddie may already be dead
CNBC - 12:49PM
Kerry: Putin says no Crimea decision until after referendum
CNBC - 11:17AM
Hedge funds still hope for big Fannie-Freddie win
Reuters - 10:59AM
U.S. consumer sentiment edges lower in March
Market Watch - 10:59AM
The Fed: Kroszner on why and how the Fed will change guidance
WSJ - 10:56AM
Secondary Sources: Bond Bubble, Middle Class and Taxes, Ukraine
The Huffington Post - 10:55AM
Obama To Sign Relief From Flood Insurance Hikes
Market Watch - 9:54AM
Bond Report: Treasurys gain as Crimea vote looms
WSJ - 9:54AM
Grand Central: Sizing Up Fischer's First Day Wearing a Fed Hat
CNBC - 9:38AM
US stocks decline at the start amid uncertainty over Ukraine
CNBC - 8:49AM
Insane interest: Sky-high rates of days gone by
NAHB - 12:38AM
Congressional Passage of Flood Insurance Bill a Boost for Housing
Bloomberg - 12:36AM
Blackstone's Home Buying Binge Ends as Prices Surge: Mortgages - Bloomberg
Reuters - 12:36AM
Bank of America back in court over $2.1 billion fraud penalties

Today's Comments

	MBS Live Chat - 9:59AM "My logic on pricing extends as far as MG's latest daily chart..."
	MBS Live Chat - 10:49AM "Really useful update just now (i hope) for anyone looking for more discussion on why bond markets are doing [this thing that surprises you] recently, and especially this morning...."
	MBS Live Chat - 2:12PM "Geopolitical - Ukraine is ranked as the world’s sixth-largest arms exporter. The former Soviet republic inherited a substantial portion of Moscow’s weapons expertise and military industry: About 30 percent of all Soviet defense industries are located inside Ukraine...."
	MBS Live Chat - 2:31PM "Can anyone confirm if FHA doesn't allow netting of escrows off an exsisting FHA loan if the case number was assigned after 11/1/2013? I am trying to refi a client out of an FHA into a conventional. Thanks for the help..."
	MBS Live Chat - 2:32PM "sm - that is servicer specific..."
	MBS Live Chat - 2:33PM "it's an FHA rule ONLY for FHA loans..."
	MBS Live Chat - 2:33PM "SK - so if I was going from FHA to conventional thsi rule wouldn't apply?..."
	MBS Live Chat - 2:36PM "it should not SM, that being said, very few servicers net, so it's usually the title company taking the risk and making the borrowers sign something at settlement..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.39%

-0.01

15 Yr FRM

3.42%

+0.00

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.24%

+0.00

5/1 Yr ARM

3.23%

-0.02

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

96-28

-0-07

30YR FNMA 3.5

101-02

-0-06

30YR GNMA 3.0

98-25

-0-09

30YR GNMA 3.5

102-16

-0-09

15YR FNMA 3.0

103-06

-0-06

15YR FNMA 2.5

100-09

-0-05

Treasuries

Yield

Change

2 YR

0.3424%

+0.0044

5 YR

1.5345%

+0.0198

10 YR

2.6525%

+0.0088

30 YR

3.5966%

+0.0043

Prices as of: 3/14/2014 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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