Daily Newsletter: Monday March 17, 2014

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30 Year Fixed

                                                                4.43%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                3.45%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.69%
                                                                  
                                                                +0.0378

FNMA 30YR 3.5

                                                                100-25
                                                                  
                                                                -0-09

FNMA 15YR 2.5

                                                                103-01
                                                                  
                                                                -0-05

View Today's Rates

Monday March 17, 2014

Mortgage Rate Watch - 4:30PM

Mortgage Rates Rise as Geopolitical Fears Subside

Mortgage rates moved moderately higher today, erasing most of the improvement seen since Thursday afternoon. At that time, global markets including the bond markets that most directly ...

MND NewsWire - 12:26PM

Summary of Newly-Released Housing Reform Bill

As promised last week, the leadership of the Senate Banking Committee has released draft legislation to revamp the nation's housing finance system. Chairman Tim Johnson (D-SD) and ranking ...

MND NewsWire - 12:14PM

Home Builders Remain Concerned about Spring Market

Builder confidence as measured by the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) remained flat in March, rising only 1 point to 47 from February ...

MND NewsWire - 3:43PM

Seventh Straight Month of Lower Home Sales in California

Closed sales of existing single-family homes slipped again in February, marking the seventh straight month of declining activity. The California Association of Realtors® (C.A.R ...

Latest Video

Cashin says: We're in the eye of the storm

Behind the builder blues

Pres. Obama authorizes sanctions on Russia

More News from 'Around the Web'

Calculated Risk Blog - 4:55PM
Research: Tight Credit significantly impacting Purchase Mortgage Lending
CNBC - 4:55PM
Weather-plagued or improved, housing data in view
CNBC - 4:54PM
Baby boomers turn to reverse mortgages
CNBC - 3:57PM
New York collects record 'mansion tax'
WSJ - 3:44PM
Where Can a Teacher Afford to Buy a Home?
Washington Post - 3:34PM
The housing recovery is leaving minorities behind
Reuters - 2:54PM
Democratic lawmakers ask to meet Holder on mortgage fraud
Market Watch - 2:52PM
Are investors preparing for a correction?
Bloomberg - 2:51PM
Russia Sees Economy Tipping Into Crisis as Western Sanctions Hit - Bloomberg
CNBC - 1:11PM
3 reasons 2008 crisis post-mortem shocked Buffett
www.whitehouse.gov - 1:00PM
Statement by the President on Ukraine
Reuters - 11:33AM
U.S. retirees return to reverse mortgages, big banks stay away
WSJ - 11:03AM
Vital Signs: Manufacturers Shake Off the Icicles
NAHB - 10:58AM
Home Builders are ?Bringing Housing Home? to Congress This Week
www.ourbroker.com - 10:38AM
Real Estate: How Down Payment Gifts Really Work
CNBC - 10:12AM
Home builders still cold on spring market
Market Watch - 8:34AM
Dear homeowner: Can I buy your house?
Bloomberg - 12:40AM
Senators Decry Crimea Referendum as Bogus After Visit - Bloomberg
WSJ - 12:35AM
What Can Take the Place of Fannie and Freddie?
NAFCU - 12:35AM
Johnson, Crapo release GSE bill text

Today's Comments

	MBS Live Chat - 8:43AM "Looks like it has been a bit anticlimactic so far, at least compared to the build-up. In the same vein as Y2K..."
	MBS Live Chat - 8:42AM "JB: you may want to read the Week Ahead - third down on news stream..."
	MBS Live Chat - 8:47AM "Checked it out. Still seems like we're basically going onto Cold War footing with Russia over this. Putin's not going to leave, and will posture that he can go further if he wants. USA/NATO can only waggle fingers, read sternly worded referendums, and saber-rattle without losing face...."
	MBS Live Chat - 8:49AM "Right, so in the analogy, the sources of info leading us to believe it's a cold war scenario would be the modern day analogs of the folks on the news in late 1999 explaining how computers around the world could suddenly think the year was 1000 AD. Of course, things could be different this time, but so..."
	MBS Live Chat - 1:46PM "does anyone know the # of the mortgage letter from HUD that shows FHA Streams are not included in the Compare Ratio?..."
	MBS Live Chat - 2:10PM "http://portal.hud.gov/hudportal/documents/huddoc?id=fhacomcgstlinfn2312.pdf..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.43%

+0.04

15 Yr FRM

3.45%

+0.03

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.27%

+0.03

5/1 Yr ARM

3.25%

+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

4.52%

0.29

+0.05

15 Yr. Fixed

3.53%

0.28

+0.01

30 Yr. Jumbo

4.41%

0.20

+0.04

30 Yr. FHA

4.18%

0.21

+0.05

5/1 ARM

3.18%

0.36

+0.09

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

96-17

-0-11

30YR FNMA 3.5

100-25

-0-09

30YR GNMA 3.0

98-14

-0-11

30YR GNMA 3.5

102-06

-0-10

15YR FNMA 3.0

103-01

-0-05

15YR FNMA 2.5

100-04

-0-05

Treasuries

Yield

Change

2 YR

0.3626%

+0.0202

5 YR

1.5674%

+0.0329

10 YR

2.6903%

+0.0378

30 YR

3.6275%

+0.0309

Prices as of: 3/17/2014 4:30PM 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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