Daily Newsletter: Friday April 25, 2014

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30 Year Fixed

                                                                4.40%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.47%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.67%
                                                                  
                                                                -0.0164

FNMA 30YR 3.5

                                                                101-11
                                                                  
                                                                +0-04

FNMA 15YR 2.5

                                                                103-03
                                                                  
                                                                +0-02

View Today's Rates

Friday April 25, 2014

Mortgage Rate Watch - 2:44PM

Mortgage Rates End Week at Best Levels

Mortgage rates moved lower today, reaching their best levels of the week. Slumping stocks and geopolitical concerns contributed to positivity in the bond market, and when bond markets ...

MND NewsWire - 10:41AM

Economy Poised to Assist Housing Recovery

David Crowe, Chief Economist of the National Association of Home Builders (NAHB) told members attending the Association's 2014 Spring Construction Forecast Webinar that a stronger housing ...

MND NewsWire - 12:59PM

One Quarter of Americans Have Buyers Remorse

While the Gallup survey released on Thursday shows that Americans are regaining their faith in home ownership, at least as a worthwhile investment, another survey conducted by Harris ...

Pipeline Press - 10:23AM

Lending Trends; Arizona Law Impacts Builders; Jaw-Dropping List of Rules & Regs Governing Lenders

Bank of America might have to pony up yet another $13 billion to settle more residential mortgage-backed security claims? No wonder the lending industry continues to face an uphill ...

Latest Video

The Week Ahead: April jobs report

Washington's next steps on Ukraine crisis

Santelli Exchange: Ukraine's impact

More News from 'Around the Web'

CNBC - 3:14PM
Chinese Replace Russians as Top NY Apartment Buyers
The Big Picture - 3:14PM
Containing Ukraine
CNBC - 2:05PM
Housing reform? Maybe in 2017
CNBC - 12:43PM
Why I still like real estate
Bloomberg - 12:40PM
BofA Could Report Loss on Potential Settlement, Portales Says - Bloomberg
time.com - 12:35PM
A Fading Middle-Class Perk: Lower Mortgage Rates
freddiemac.mwnewsroom.com - 12:25PM
Freddie Mac to Purchase and Securitize Tax-Exempt Multifamily Housing Loans
Reuters - 10:09AM
U.S. consumer sentiment up more than expected in April
WSJ - 10:08AM
Grand Central: Fed Reinforcements on the Way
time.com - 9:19AM
The New American Dream Is Living in a City, Not Owning a House in the Suburbs
The Big Picture - 9:19AM
The Mystery of the Missing Home Buyers
WSJ - 9:18AM
It's Springtime for the Jumbo Borrower
Reuters - 8:17AM
Futures fall as Ukraine offsets Microsoft
CNBC - 8:15AM
Marked for extinction: Bank branches on Main St.

Today's Comments

	MBS Live Chat - 8:08AM "As you get near 2.60 though, you can't look at the yield straight on. Just out of the corner of your eye -- like you don't really care or even notice. That's the only way it will get there...."
	MBS Live Chat - 8:34AM "trying to understand the day ahead, is MG trying to imply that yesterday's move was more stocks vs. geopolitics?..."
	MBS Live Chat - 8:49AM "Don't think that was his message. I think the message is that it's difficult to pin the move on a particular impetus right now...."
	MBS Live Chat - 9:24AM "SK, just pushing back against the over-reliance on Ukraine as a market mover...."
	MBS Live Chat - 9:55AM "THOMSON REUTERS/U. OF MICH US CONSUMER SENTIMENT FINAL APRIL 84.1 (CONSENSUS 83.0) VS PRELIMINARY APRIL 82.6, FINAL MARCH 80.0..."
	MBS Live Chat - 12:51PM "who do you guys use for nonwarrantable condos? I have an investment condo in a complex where it's all college students so my investor concentration is off the charts...."
	MBS Live Chat - 12:53PM "santander does them..."
	MBS Live Chat - 1:00PM "Advancial does them, and Alliant CU...."
	MBS Live Chat - 1:45PM "RTRS- FREDDIE MAC CEO LAYTON SAYS U.S. SENATE HOUSING FINANCE BILL COULD UNDERMINE MORTGAGE MARKET STABILITY--LETTER OBTAINED BY REUTERS..."
	MBS Live Chat - 1:45PM "RTRS- LAYTON SAYS ONE CONCERN IS THAT BILL DOESN'T CLEARLY STATE FREDDIE MAC AND FANNIE MAE'S CORE FUNCTIONS SHOULD BE MAINTAINED DURING TRANSITION TO NEW MORTGAGE SYSTEM..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.40%

-0.03

15 Yr FRM

3.47%

-0.03

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.16%

-0.04

5/1 Yr ARM

3.21%

-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

4.49%

0.50

+0.02

15 Yr. Fixed

3.55%

0.33

+0.01

30 Yr. Jumbo

4.41%

0.34

+0.02

30 Yr. FHA

4.20%

0.41

+0.06

5/1 ARM

3.16%

0.36

+0.01

Freddie Mac **

30 Yr. Fixed

4.33%

0.60

+0.06

15 Yr. Fixed

3.39%

0.60

+0.06

1 Yr. ARM

2.44%

0.50

+0.00

5/1 Yr. ARM

3.03%

0.50

+0.00

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

97-10

+0-05

30YR FNMA 3.5

101-11

+0-04

30YR GNMA 3.0

99-09

+0-07

30YR GNMA 3.5

102-20

+0-05

15YR FNMA 3.0

103-03

+0-02

15YR FNMA 2.5

100-15

+0-01

Treasuries

Yield

Change

2 YR

0.4339%

-0.0118

5 YR

1.7298%

-0.0132

10 YR

2.6677%

-0.0164

30 YR

3.4461%

-0.0116

Prices as of: 4/25/2014 3:43PM 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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