Daily Newsletter: Thursday April 17, 2014

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30 Year Fixed

                                                                4.44%
                                                                  
                                                                +0.06

15 Year Fixed

                                                                3.49%
                                                                  
                                                                +0.07

10YR Treasury

                                                                2.72%
                                                                  
                                                                +0.0851

FNMA 30YR 3.5

                                                                100-22
                                                                  
                                                                -0-17

FNMA 15YR 2.5

                                                                102-21
                                                                  
                                                                -0-10

View Today's Rates

Thursday April 17, 2014

MND NewsWire - 9:53AM

Purchases Continue Taking Market Share; FICOs Trending Lower

Ellie Mae's Origination Insight Report said today that 40 percent of mortgage loans closed in March were originated for refinancing and 60 percent for home purchases. In February the ...

Mortgage Rate Watch - 2:38PM

Mortgage Rates Sharply Higher to End The Week

Mortgage rates moved sharply higher today on a combination of factors including strong economic data, developments in Ukraine, and prevailing market momentum. That momentum risked turning ...

MND NewsWire - 10:38AM

Homes in Foreclosure Increasingly have Positive Equity

Homes with serious negative equity numbers have now declined to the lowest point in at least two years RealtyTrac said today. The company, which began tracking so-called underwater ...

MBS Commentary - 11:34AM

MBS MID-DAY: Bond Markets Weaker After Economic Data Prompting Negative Reprices for Mortgage Rates

Given the recent adherence to a sideways range in bond markets combined with today's economic data coming in stronger than expected, it's not surprising to see yields moving from a ...

Latest Video

The American Dream has changed

Fifth Third CEO: Regulatory environment challenging

Real progress in Geneva

More News from 'Around the Web'

Bloomberg - 2:52PM
Fifth Third Bancorp Tumbles as Firm Lowers Earnings Expectations - Bloomberg
Washington Post - 2:50PM
The government can't agree if Fannie and Freddie will cost taxpayers $19 billion or make $181 billion
Google News - 2:50PM
USA Today: Mortgage reform roils Washington
Bloomberg - 2:50PM
Treasuries Fall Most in a Month as Ukraine Talks End in Accord - Bloomberg
CNBC - 12:53PM
Russia tries reassuring the West's money
CNBC - 11:26AM
Monetary policy can't save unemployed: Economist
CNBC - 10:59AM
Philly Fed factory activity up in April
freddiemac.mwnewsroom.com - 10:58AM
Fixed Mortgage Rates at Six Week Low
www.philadelphiafed.org - 10:11AM
Recent Economic Releases: April 2014 Business Outlook Survey
CNBC - 10:01AM
Wal-Mart launching money transfer service
CNBC - 10:01AM
Home Depot's new strategy: e-commerce
CNBC - 9:59AM
Citi got mixed signals on 'stress test'
CNBC - 9:59AM
Yup! The rich will get richer
www.npr.org - 9:59AM
Ukraine Crisis: Diplomats Meet, Putin Admits Russia's Role In Crimea
S&P/Case Shiller - 9:07AM
Properties Under Water at Lowest Level in Two Years
blog.redfin.com - 9:07AM
15 Tips to Make Your Home More Green
Reuters - 8:51AM
Jobless claims rise less than expected
www.gallup.com - 8:28AM
Americans Sold on Real Estate as Best Long-Term Investment
Reuters - 8:27AM
Citi received mixed signals from the Fed on 'stress test': WSJ
CNBC - 8:24AM
Home price slowdown leaves millions underwater

Today's Comments

	MBS Live Chat - 10:00AM "RTRS - PHILADELPHIA FED BUSINESS CONDITIONS APRIL 16.6 (CONSENSUS 10.0) VS MARCH 9.0..."
	MBS Live Chat - 10:28AM "mg, next support 2.68, 2.70?..."
	MBS Live Chat - 10:33AM "really, you could make a case for several different levels just overhead as we're getting into the central part of the range. Going by retracements, it's 2.68, moving averages, 2.686 for the popular 21-day exponential. 2.705 for the 121 day (6-month in terms of business days). At the end of the day,..."
	MBS Live Chat - 12:21PM "Not sure if this news was making rounds before it hit the wires, but this is another possible motivation for the 12:03pm spike: RTRS - RUSSIAN FOREIGN MINISTER LAVROV SAYS ALL SIDES AGREED TO TAKE STEPS TO DE-ESCALATE UKRAINE TENSION, INCLUDING REFRAINING FROM VIOLENCE..."
	MBS Live Chat - 12:32PM "Wow. Interbank is .625 off from this morning on the 15 year. Lock desk is closed so probably going to get even worse...."
	MBS Live Chat - 1:39PM "and so much for the death cross trade..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.44%

+0.06

15 Yr FRM

3.49%

+0.07

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.20%

+0.05

5/1 Yr ARM

3.22%

-0.03

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

4.47%

0.32

-0.09

15 Yr. Fixed

3.54%

0.24

-0.08

30 Yr. Jumbo

4.39%

0.18

-0.10

30 Yr. FHA

4.14%

0.06

-0.05

5/1 ARM

3.15%

0.41

-0.11

Freddie Mac **

30 Yr. Fixed

4.27%

0.70

-0.07

15 Yr. Fixed

3.33%

0.60

-0.05

1 Yr. ARM

2.44%

0.50

+0.03

5/1 Yr. ARM

3.03%

0.50

-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

96-19

-0-18

30YR FNMA 3.5

100-22

-0-17

30YR GNMA 3.0

98-24

-0-14

30YR GNMA 3.5

102-05

-0-19

15YR FNMA 3.0

102-21

-0-10

15YR FNMA 2.5

99-32

-0-09

Treasuries

Yield

Change

2 YR

0.3993%

+0.0283

5 YR

1.7309%

+0.0779

10 YR

2.7206%

+0.0851

30 YR

3.5168%

+0.0656

Prices as of: 4/17/2014 2:05PM 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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