Daily Newsletter: Tuesday April 8, 2014

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30 Year Fixed

                                                                4.42%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.44%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.68%
                                                                  
                                                                -0.0163

FNMA 30YR 3.5

                                                                101-12
                                                                  
                                                                +0-09

FNMA 15YR 2.5

                                                                103-06
                                                                  
                                                                +0-02

View Today's Rates

Tuesday April 8, 2014

MND NewsWire - 10:17AM

Credit Availability Improves as Lenders Introduce Jumbo Programs

The Mortgage Bankers Association (MBA) noted this morning that mortgage credit was slightly more available in March than it was in February. The Association's Mortgage Credit Availability ...

MND NewsWire - 12:30PM

Weather not the only Villain in Housing Start Slowdown

In a recent blog post written by Molly Boesel CoreLogic questions the true role of the recent severe weather in a lag in single family housing starts. Those single family starts, a ...

Mortgage Rate Watch - 3:53PM

Mortgage Rates Slightly Lower Ahead of Fed Minutes

Mortgage rates were lower for a 4th straight day today, further digging in to mid-March levels, but by a smaller amount today. In that sense, the rally following last Friday's jobs ...

Pipeline Press - 9:41AM

Proposed Massive Citi Settlement; CFPB Hearing Today on "Who's in Your Wallet?"

As the industry watches the personnel turmoil at Utah's Castle & Cooke Mortgage, here's an interesting promotional twist: a builder's real estate company paying borrowers $100 to ...

Latest Video

Zell does the math on single-family homes

Mortgage lending at lowest level in 14 years

Awake the sleeping bond market

More News from 'Around the Web'

Reuters - 4:21PM
Simplify U.S. financial reform rules, Fed's Plosser urges
Reuters - 4:17PM
Fed could cut rates to combat joblessness: Kocherlakota
blog.hud.gov - 4:10PM
During Fair Housing Month, it's about "A Matter of Place"
CNBC - 2:54PM
Globex trading shut: CME
CNBC - 2:54PM
Kocherlakota on the jobless rate
Market Watch - 2:53PM
Fed's Plosser favors release of more firm information
Market Watch - 1:21PM
Treasurys hold gains after mixed 3-year auction
The Huffington Post - 1:21PM
Why Is Fannie Mae Evicting the Coronel Family?
Washington Post - 1:18PM
Realtors and soybean farmers agree: Drone rules are overdue
CNBC - 12:58PM
Does the VIX fully reflect fear in the market?
CNBC - 12:57PM
Real estate firm targets underserved sweet spot
Reuters - 11:49AM
U.S. job openings hit six-year high in February
Bloomberg - 11:46AM
Brown Says Fannie Mae Revamp Won't Become Law This Year - Bloomberg
www.ourbroker.com - 11:00AM
Real Estate: Can Falling Pay Support Rising Home Values?
Washington Post - 11:00AM
Windows XP support ends today. But it's still used by everywhere from governments to ATMs.
CNBC - 11:00AM
What me worry? Many will still use XP
Bloomberg - 10:01AM
Margin Call Plan on Mortgage Bonds Draws Protest: Credit Markets - Bloomberg
blog.redfin.com - 9:58AM
What Slowdown? Eight Housing Markets That Are Speeding Up
www.ourbroker.com - 9:47AM
Mortgage Forgiveness Debt Relief Stuck On Capitol Hill
CNBC - 9:45AM
US stocks mostly lower before earnings season

Today's Comments

	MND NewsWire - 5:21PM "Great info here. I guess it's good to confirm that originations are way down industry wide.....hopefully not permanently!..."
	MND NewsWire - 10:00AM "Yes very good info. It validates what we are experiencing in Northeast, that traditional home sales are up and we are capturing the purchase business. With winter loosening its grip, more listings for sale and serious buyers should be entering into the mix...."
	MBS Live Chat - 2:20PM "Globex is down..."
	MBS Live Chat - 2:20PM "no futures trading..."
	MBS Live Chat - 2:24PM "JPY is getting demolished..."
	MBS Live Chat - 2:24PM "this has got to be part of this move, cant see anything else?..."
	MND NewsWire - 3:44PM "Sticker shock is absolutely going on the Chicago Market. I've done several pre-approvals for home buyers who are quickly becoming discouraged with the fierce competition of investors and cash buyers. The key is to have a great Realtor who keeps a buyer up to the minute with inventory changes...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.42%

-0.02

15 Yr FRM

3.44%

-0.01

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.20%

-0.01

5/1 Yr ARM

3.20%

-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

4.41%

0.70

+0.01

15 Yr. Fixed

3.47%

0.60

+0.05

1 Yr. ARM

2.45%

0.40

+0.01

5/1 Yr. ARM

3.12%

0.50

+0.02

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

97-06

+0-06

30YR FNMA 3.5

101-12

+0-09

30YR GNMA 3.0

98-30

+0-04

30YR GNMA 3.5

102-19

+0-07

15YR FNMA 3.0

103-06

+0-02

15YR FNMA 2.5

100-18

+0-02

Treasuries

Yield

Change

2 YR

0.3989%

+0.0001

5 YR

1.6677%

-0.0115

10 YR

2.6826%

-0.0163

30 YR

3.5413%

-0.0144

Prices as of: 4/8/2014 4:31PM 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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