Daily Newsletter: Tuesday April 1, 2014

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30 Year Fixed

                                                                4.54%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.52%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.76%
                                                                  
                                                                +0.0381

FNMA 30YR 3.5

                                                                100-14
                                                                  
                                                                -0-07

FNMA 15YR 2.5

                                                                102-23
                                                                  
                                                                -0-01

View Today's Rates

Tuesday April 1, 2014

MND NewsWire - 10:31AM

Home Prices Will Keep Rising, but Level-Off Soon

Home prices continue to increase by double digit percentages on a year-over-year basis CoreLogic said today. The company's Home Price Index (HPI) for February, an index that includes ...

MND NewsWire - 1:08PM

Massive Software Outage Brings Some Mortgage Operations to a Standstill

Beginning yesterday morning, the most widely-used Loan Origination Software (LOS) has been offline. Ellie Mae estimates their Encompass platform handles over 20% of all mortgage transactions ...

Mortgage Rate Watch - 3:05PM

Mortgage Rates Hold Ground Despite Bond Market Weakness

Mortgage rates were relatively unchanged today, after moving higher during the past two sessions. The stability is somewhat counterintuitive as bond markets are slightly weaker. Typically ...

Pipeline Press - 9:59AM

CFPB RESPA-TILA Update Site; Bank Stress Test Results; FICO Changes Coming?

The total number of pages of the Federal Tax Rules, i.e., the IRS explanation of income tax code and regulations, has increased by 34,108 pages (to 74,608) since 1995, an increase of ...

Latest Video

Yellen remarks spark rally

Top luxury markets in America

Santelli Exchange: Curve steepens no matter what

More News from 'Around the Web'

www.gallup.com - 4:05PM
In U.S., Economic Confidence Holds Steady in March
National Housing Conference - 3:43PM
What does it mean to move housing forward?
CNBC - 2:27PM
Over 7 million signed up for Obamacare
DataQuick - 1:44PM
February Phoenix Region Home Sale Press Release
NY Fed - 1:31PM
Statement Regarding Transactions in Agency Mortgage-Backed Securities
CNBC - 12:38PM
What are the best/worst markets for rental returns
CNBC - 11:24AM
Flood insurance fix may end up being no fix at all
Market Watch - 11:24AM
Wells Fargo is giving investors something to talk about
National Housing Conference - 11:23AM
How data helps communities meet housing needs
Bloomberg - 10:18AM
US ISM Manufacturing Index Rose to 53.7 in March From 53.2 - Bloomberg
Market Watch - 10:11AM
February construction spending rises 0.1%
Market Watch - 8:53AM
Treasurys fall ahead of manufacturing report
CNN - 8:53AM
Manhattan home prices soar to median $972,000
Market Watch - 8:44AM
Home prices rise 0.8% in February: CoreLogic
Bloomberg - 8:43AM
Florida Home Foreclosure Rate Falls to 6.2%, Triple U.S. Average - Bloomberg
Fannie Mae - 8:43AM
News Release - Fannie Mae Releases February 2014 ...
Reuters - 8:43AM
U.S. judge says SEC lawsuit against Bank of America should proceed

Today's Comments

	MND NewsWire - 1:58AM "How about #5: Reduce maximum LTVs in any MSA that increases year over year by more than 5%. #6: Stop multiple offer environments where houses are bid up over their initial asking price, often with an appraisal that does not support the bid up price, forcing the buyers to come with the difference in down..."
	MBS Live Chat - 11:09AM "Thanks B-C. I was hoping for a manual and there are still questions about whether or not we need a zero balance first..."
	MBS Live Chat - 11:11AM "Ashley, check public records and see what is filed for the 2nd. Maybe there is a lien release?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.54%

+0.00

15 Yr FRM

3.52%

-0.01

FHA 30 Year Fixed

4.05%

+0.00

Jumbo 30 Year Fixed

4.29%

-0.01

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

4.40%

0.60

+0.08

15 Yr. Fixed

3.42%

0.60

+0.10

1 Yr. ARM

2.44%

0.40

-0.05

5/1 Yr. ARM

3.10%

0.50

+0.08

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

96-11

-0-08

30YR FNMA 3.5

100-14

-0-07

30YR GNMA 3.0

98-05

-0-07

30YR GNMA 3.5

101-29

-0-05

15YR FNMA 3.0

102-23

-0-01

15YR FNMA 2.5

99-30

0-00

Treasuries

Yield

Change

2 YR

0.4341%

+0.0080

5 YR

1.7348%

+0.0164

10 YR

2.7571%

+0.0381

30 YR

3.6068%

+0.0452

Prices as of: 4/1/2014 4:27PM 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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