Daily Newsletter: Monday April 28, 2014

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30 Year Fixed

                                                                4.40%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.46%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.70%
                                                                  
                                                                +0.0327

FNMA 30YR 3.5

                                                                101-05
                                                                  
                                                                -0-06

FNMA 15YR 2.5

                                                                102-31
                                                                  
                                                                -0-03

View Today's Rates

Monday April 28, 2014

MND NewsWire - 12:20PM

Home Prices Continue Higher, Some States Above Pre-Crisis Peaks

Home prices nationwide have now recovered to within 13.5 percent of the peak they reached in June 2006. The national Home Price Index (HPI) provided by Black Knight Financial Services ...

Mortgage Rate Watch - 2:45PM

Mortgage Rates Hold Steady; Potential Volatility Ahead

Mortgage rates held almost perfectly steady today, with a handful of lenders offering slightly lower costs while others were slightly higher. Once again, weakness in global equities ...

MND NewsWire - 10:37AM

Pending Sales Deliver First Increase in Nine Months

Contracts for home purchases ended a dismal nine-month downturn in March marked by the first improvement in the Pending Home Sales Index (PSHSI) published by the National Association ...

MBS Commentary - 7:39AM

MBS Week Ahead: Action-Packed Week Includes Fed Announcement and Nonfarm Payrolls

If calendar events like economic reports and monetary policy announcements end up being the impetus for bond markets to break out of their 3-Month sideways range, this week has a ton ...

Latest Video

BofA's big math error

March pending home sales up 3.4%

CNBC Fed Survey: Ukraine/China impact

More News from 'Around the Web'

The Big Picture - 4:03PM
States With the Biggest Infrastructure Need
Market Watch - 3:10PM
U.S. to pay off $79 billion in April-June quarter
CNBC - 2:35PM
Another good sign: Private profits soar
WSJ - 1:06PM
Vital Signs: Home Demand Picks Up in March
Bloomberg - 11:25AM
Investors Push for New Trustee Standards in Fannie-Freddie Bill - Bloomberg
www.economy.com - 11:22AM
How High Will U.S. Mortgage Rates Go?
news.yahoo.com - 11:18AM
Court to clarify process for rescinding mortgages
www.lpsvcs.com - 10:49AM
Black Knight Home Price Index Report: February 2014 Transactions
CNBC - 10:43AM
Fannie-Freddie wind-down bill in test
WSJ - 10:43AM
How Much Will Mortgage Rates Rise In Fannie, Freddie Overhaul?
Market Watch - 10:43AM
Bond Report: Treasurys retreat as big data week kicks off
www.freddiemac.com - 9:50AM
4 Homeownership Myths That Refuse to Die
finance.yahoo.com - 9:34AM
Don't depend on housing to boost the economy now, 'housing recovery was a sham'
finance.yahoo.com - 9:34AM
Freddie Mac CEO says Senate housing bill risks market stability
WSJ - 9:24AM
Fed on Track to Hold Policy Steady, Mull Economic Puzzles
WSJ - 9:22AM
Mortgage-Loan Limits Hit Buyers In High-Cost Housing Markets
CNBC - 9:03AM
BofA to suspend previous capital plans
www.gallup.com - 9:02AM
Average U.S. Retirement Age Rises to 62
Bloomberg - 8:29AM
Fannie-Freddie Fate Hangs on Senate Action This Week: Mortgages - Bloomberg
Bloomberg - 8:29AM
Mortgage Whistleblower Stands Alone as U.S. Won't Join Lawsuit - Bloomberg

Today's Comments

	MBS Live Chat - 1:58PM "i just saw the fannie mae and freddie mac commercial..."
	MBS Live Chat - 1:59PM "Guess they are fighting for their survival...."
	MBS Live Chat - 2:08PM "Do you have a link for that commercial?..."
	MBS Live Chat - 2:28PM "you can see the commercial at www.unitedforhomeownership.com..."
	MBS Live Chat - 2:43PM "would anyone be offering 3.75%, with a 1% credit back to the borrower, on a VA Jumbo, $510k loan amount, 796 midscore?..."
	MBS Live Chat - 2:48PM "15 yr? ARM?..."
	MBS Live Chat - 2:49PM "nope, 30yr fixed, from Zillow!..."
	MBS Live Chat - 2:54PM "yes, 30 year fixed. i know a couple of lenders that are probably right there as well..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.40%

+0.00

15 Yr FRM

3.46%

-0.01

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.15%

-0.01

5/1 Yr ARM

3.23%

+0.02

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

97-03

-0-07

30YR FNMA 3.5

101-05

-0-06

30YR GNMA 3.0

99-05

-0-03

30YR GNMA 3.5

102-15

-0-05

15YR FNMA 3.0

102-31

-0-03

15YR FNMA 2.5

100-10

-0-05

Treasuries

Yield

Change

2 YR

0.4378%

+0.0039

5 YR

1.7462%

+0.0180

10 YR

2.7004%

+0.0327

30 YR

3.4817%

+0.0373

Prices as of: 4/28/2014 4:05PM 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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