Daily Newsletter: Tuesday April 22, 2014

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30 Year Fixed

                                                                4.48%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.52%
                                                                  
                                                                +0.01

10YR Treasury

                                                                2.72%
                                                                  
                                                                +0.0054

FNMA 30YR 3.5

                                                                100-26
                                                                  
                                                                +0-01

FNMA 15YR 2.5

                                                                102-24
                                                                  
                                                                +0-00

View Today's Rates

Tuesday April 22, 2014

MND NewsWire - 1:57PM

Applications, Prices, and Condo Sales Get Second Look

Recent postings on CoreLogic's Insights Blog have a couple of different views of some of the housing numbers generally taken at face value by those of us who follow them. Mortgage applications ...

MND NewsWire - 11:31AM

Existing Home Sales Languishing in 2014

Sales of existing homes were essentially unchanged in March compared to February the National Association of Realtors® (NAR) said today. Home prices continued to increase in March ...

MND NewsWire - 10:30AM

Measures of Housing Distress at 7+ Year Lows

Black Knight Financial Services said today that the mortgage delinquency rate in March was the lowest in the U.S. since October 2007 and the foreclosure rate was the lowest since October ...

Mortgage Rate Watch - 2:47PM

Mortgage Rates Drift Higher Again

Mortgage rates drifted higher for the second straight day despite a relatively flat day for underlying bond markets. Rates pushed into their 2-week highs yesterday, but are still well ...

Latest Video

Biggest threat to housing

March existing home sales drop 0.2%

Buy the rumor, sell the news

More News from 'Around the Web'

www.gallup.com - 3:57PM
Retirement Remains Americans' Top Financial Worry
Market Watch - 3:18PM
Fed's Williams: Current policy on 'right track'
rss.nytimes.com - 2:09PM
Right Lesson, Wrong Time: Why Economics Failed Us, in 297 Words
CNBC - 2:05PM
Do the rich rule America? Not really
NAHB - 2:05PM
New NAHB Publication Shows Builders How to Sell More Homes With Strong Sales and Marketing Plans
National Housing Conference - 12:43PM
What I like about the attacks on housing finance reform
CNBC - 12:42PM
Higher prices 'choke' housing
CNBC - 11:39AM
More woes for American middle class
CNBC - 10:23AM
Income inequalityhurting the economy?
CNBC - 10:23AM
US existing home sales sink to near 2-year low
Reuters - 10:21AM
U.S. existing home sales hit 1-1/2 year low in March
blog.redfin.com - 9:50AM
Why Aren't There More Homes For Sale?
blog.redfin.com - 9:50AM
Solar Power is Getting Hotter
www.lpsvcs.com - 9:49AM
Black Knight Financial Services' "First Look" at March 2014 Mortgage Data
phx.corporate-ir.net - 9:49AM
MGIC Investment Corporation Reports First Quarter 2014 Results
www.gallup.com - 8:50AM
U.S. Economic Confidence Stable at -15
The Big Picture - 8:47AM
The Rich Buy Real Estate; The Poor Want Gold
CNBC - 8:23AM
US bond markets await 2-year auction, housing data

Today's Comments

	MBS Live Chat - 12:12PM "How shoudl I classify a duplex on the schedule of REO? Lives in half, rents half. Do I put it in as a rental?..."
	MBS Live Chat - 12:14PM "Chip its your OOC prop w/ income..."
	MBS Live Chat - 12:38PM "I have an underwriter that won;t let me use stock options for a Starbucks Manager that has a two year history and they show on his VOE and on his W2s and paystubs when he sells them every year. She says that those are not guaranteed so we can;t count them...."
	MBS Live Chat - 12:40PM "that is a tough one chip..."
	MBS Live Chat - 12:42PM "Fannie allows it..."
	MBS Live Chat - 12:43PM "his W2 income isn't guaranteed either..."
	MBS Live Chat - 12:43PM "Develop an average income from the last two years (according to the Variable Income section of B3-3.1-01, General Income Information), and use the averaged amount as part of the borrower’s qualifying income as long as the borrower provides evidence that he or she owns additional property or assets that..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.48%

+0.02

15 Yr FRM

3.52%

+0.01

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.25%

+0.03

5/1 Yr ARM

3.25%

+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

4.47%

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

96-23

0-00

30YR FNMA 3.5

100-26

+0-01

30YR GNMA 3.0

98-18

+0-01

30YR GNMA 3.5

102-03

+0-02

15YR FNMA 3.0

102-24

+0-00

15YR FNMA 2.5

100-03

+0-02

Treasuries

Yield

Change

2 YR

0.4074%

+0.0162

5 YR

1.7393%

+0.0200

10 YR

2.7187%

+0.0054

30 YR

3.5009%

-0.0176

Prices as of: 4/22/2014 4:09PM 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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