Daily Newsletter: Wednesday March 26, 2014

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30 Year Fixed

                                                                4.48%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.50%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.69%
                                                                  
                                                                -0.0579

FNMA 30YR 3.5

                                                                100-26
                                                                  
                                                                +0-12

FNMA 15YR 2.5

                                                                102-26
                                                                  
                                                                +0-07

View Today's Rates

Wednesday March 26, 2014

MND NewsWire - 8:55AM

Mortgage Applications Continue Shifting Towards Purchases

There were continued indications during the week ended March 21 of the anticipated 2014 decrease in mortgage volume and the market's gradual shift to one dominated by purchasing rather ...

MND NewsWire - 4:49PM

Mortgage Profits Hit Record Lows in Q4

Profits pocketed by independent banks and banks' mortgage subsidiaries plunged in the fourth quarter of 2013 the Mortgage Bankers Association (MBA) said on Wednesday. On a per-loan ...

Mortgage Rate Watch - 4:16PM

Mortgage Rates Close to Erasing Last Week's Losses

Mortgage rates improved substantially today, at least in the context of small day-over-day movement seen since last week's Fed Forecasts sent rates quickly higher. While they're not ...

MND NewsWire - 3:01PM

For Housing, a New Definition of 'Normal,' and a New Index to Track it

Freddie Mac and its economists would like to answer the old question "are we there yet?" with "there" in this case meaning anywhere close to a normal housing market. As part of that ...

Latest Video

Real estate agents still 'very integral'

Santelli: Lots of activity in 10-year Note

Closing Bell Exchange: Volatility unhinging the market

More News from 'Around the Web'

FHFA - 4:43PM
FHFA Announces $9.3 Billion Settlement With Bank of America Corporation
Market Watch - 4:43PM
Fed rejects capital plan of Citi, four other banks
Market Watch - 4:40PM
B. of A., Lewis to settle Merrill Lynch lawsuit
www.easyir.com - 3:53PM
TransUnion Reveals a Third of Americans Have Never Checked Their Credit Report or Score
Washington Post - 3:52PM
There are almost as many payday lenders as McDonald's and Starbucks. No, really
www.cfpbmonitor.com - 3:51PM
CFPB representatives invited to speak at symposium on fine print
Bloomberg - 2:08PM
Treasury Auctions Five-Year Debt at Highest Yield Since 2011
Bloomberg - 1:01PM
U.S. Single-Family Home Investors Form Trade Group - Bloomberg
S&P/Case Shiller - 11:34AM
Employment and Housing Boost Prospects For U.S. Mortgage Insurers
CNBC - 10:20AM
Paulson back in mortgage business
Bloomberg - 10:19AM
North Dakota Ranks as the Most Stable U.S. Housing Market
freddiemac.mwnewsroom.com - 10:13AM
Freddie Mac's New Multi-Indicator Market Index Measures Stability of Metro, State and National Housing Markets
CNBC - 10:02AM
US service sector 'flash' PMI hit 55.8 in March from 54.1 in prior month
CNBC - 9:05AM
Will the fixed-rate mortgage become extinct?
freddiemac.mwnewsroom.com - 9:03AM
Freddie Mac Issues Monthly Volume Summary for February 2014
WSJ - 8:26AM
High Prices Partly to Blame for Slow New Home Sales
CNBC - 8:25AM
Is there a spring thaw ahead for mortgages?
Bloomberg - 8:25AM
Hedge Funds Unlikely Saviors for New York-Area Homeowners - Bloomberg

Today's Comments

	MBS Live Chat - 1:01PM "RTRS - U.S. SELLS $35 BLN 5-YEAR NOTES AT HIGH YIELD 1.715 PCT, AWARDS 89.46 PCT OF BIDS AT HIGH..."
	MBS Live Chat - 1:01PM "nice..."
	MBS Live Chat - 1:02PM "A to A+..."
	MBS Live Chat - 1:04PM "Santelli gave it a A+..."
	MBS Live Chat - 2:32PM "I don't know about you guys, but I am starting to see a steady amount of clients doing cash out refinances to pay off debt. People that just refinanced in 2012 & 2013. Guess that historically low rate means nothing when you are drowning in CC and student loan debt...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.48%

-0.03

15 Yr FRM

3.50%

-0.02

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.27%

-0.03

5/1 Yr ARM

3.24%

-0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.80%

1.10

+0.13

30 Yr. Fixed

4.67%

1.44

+0.13

MBA **

30 Yr. Fixed

4.56%

0.29

+0.06

15 Yr. Fixed

3.62%

0.24

+0.10

30 Yr. Jumbo

4.45%

0.27

+0.06

30 Yr. FHA

4.16%

0.23

+0.03

5/1 ARM

3.22%

0.32

+0.13

Freddie Mac **

30 Yr. Fixed

4.32%

0.60

-0.05

15 Yr. Fixed

3.32%

0.60

-0.06

1 Yr. ARM

2.49%

0.40

+0.01

5/1 Yr. ARM

3.02%

0.40

-0.07

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

96-23

+0-15

30YR FNMA 3.5

100-26

+0-12

30YR GNMA 3.0

98-16

+0-14

30YR GNMA 3.5

102-06

+0-13

15YR FNMA 3.0

102-26

+0-07

15YR FNMA 2.5

100-01

+0-08

Treasuries

Yield

Change

2 YR

0.4418%

+0.0127

5 YR

1.6724%

-0.0600

10 YR

2.6919%

-0.0579

30 YR

3.5414%

-0.0526

Prices as of: 3/26/2014 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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